About CANCER FUND - CANCER FUND (CF) is a community of impact investors supporting the advancement of cancer innovations. Learn more at http://www.cancerfund.com/.
Our mission is to support the development and commercialization of promising cancer therapies, diagnostics, preventions, and other innovations with the potential to improve outcomes, increase access to care, and reduce the cost for cancer patients, survivors, and at-risk populations. To support our mission, we aim to make investing in cancer innovation faster, easier, and more accessible to investors at every level.
About YOU - You want to join us in investing our time and capital to fund cancer innovations and to help grow and support the CANCER FUND community and pipeline of investment opportunities. Your schedule is flexible, and you are motivated by compensation that is entirely equity-based with performance-based carried interest (traditional salary, benefits, etc., are not included in our Venture PARTNER compensation).
YOU ARE PART OF OUR COMMUNITY OR WANT TO BE - We are a growing community of impact investors advancing promising cancer innovations. We're seeking people like us - PARTNERS (not employees) - equally committed to generating impact and a positive return on our investments. If you’re not willing to invest with us, this won’t be a fit. AND, YOU ARE ONE (OR MORE) OF THESE:
An Experienced Early-Stage Investor: You have early-stage investment experience in one or more of the following areas: pharmaceuticals, medical devices, or software-enabled health or healthcare solutions.
A Founder or Early-Stage Company Executive: You are a former founder/ executive with at least one successful exit.
An Outlier - You are new to early-stage investing and haven’t been a founder/ executive, but you have a clear vision, strategy, and plan for how you can help grow or support CANCER FUND, and can share more about that and yourself here.
About our Venture PARTNER Role - As Venture PARTNER, you should expect to spend an average of 4-5 hours per week working remotely and involved in the following:
INVESTMENT PIPELINE & PORTFOLIO DEVELOPMENT - CANCER FUND invests in cycles built, run, and supported by Venture Partners assembled in small investment teams. Each investment cycle typically spans approximately 4-6 months and is comprised of the following six stages:
Scouting and Source New Opportunities - As a Venture Partner, you will identify new deal flow for the firm by conducting research, outreach, and attending virtual and in-person events to network with other industry professionals and founders and establishing or nurturing their relationships with CANCER FUND.
Pre-Screening - Each investment cycle typically includes 150-200 opportunities relevant to the cycle focus. As part of the investment cycle team, our Venture Partners are responsible for pre-screening and selecting 10-15 opportunities that best fit our impact investment thesis, objectives, and priorities.
Screening - Venture Partners support 5-10 pre-screened companies through introductory meetings, pitches, and presentations to our Screening Committee using our ‘Quick-Look’ format. Screening aims to select the top 3-5 opportunities in each cycle based on quantitative and qualitative data from our Screening Committee members and investment team.
Evaluation/ Due Diligence - Venture Partners lead due diligence, draft investment memos making investment recommendations to our Investment Committee, and gauge syndication and co-investment interest among the CANCER FUND, team, community, and network.
Investment Decisions, Negotiations, and Funding - Each investment cycle aims to make at least one investment. Feedback from the Committees and recommendations from Venture Partners inform final investment decisions made by the Investment Committee. Venture Partners may negotiate terms, structure investments, review agreements, and coordinate closing and funding.
PORTFOLIO MANAGEMENT & COMPANY SUPPORT - Venture Partners manage our relationships with portfolio companies, including providing support to the company when appropriate, following their progress, and are responsible for providing the firm with quarterly and annual reports throughout the life and investment.
COMMUNITY & TEAM DEVELOPMENT - CANCER FUND is different; no matter what your background is, our Venture Partners all face a learning curve. Should you join our team, an existing team member will help support and mentor you as a ‘sponsor’ throughout the selection, engagement, and onboarding process. And, once you are an active member of our team, you'll be expected to pay it forward by sponsoring future team members.
Applicant Screening - Venture Partners will evaluate applicants' materials to determine if the VP role might fit the individual.
Candidate Selection Recommendations - Identify candidates with a strong commitment to our mission, an understanding of the position, the requisite skills, and relevant experience to succeed in the role; coordinate team introductions and interviews; and make candidate selection recommendations to the Managing Director.
Candidate Onboarding and Mentoring - Support incoming team members through onboarding, planning, and, at least, the first 90 days as an active member of the CANCER FUND team.
Skills - Ideal candidates already have the following skills or are committed to developing them:
Qualifications
Compensation - As with all venture capital firms and funds, CANCER FUND I’s compensation is tied to the performance of our investment portfolio. Accordingly, compensation for our Venture Partners is tied to our value creation and liquidity milestones. Compensation is entirely equity-based.
About our SELECTION PROCESS - Joining the CANCER FUND team will likely be different from other interview processes you’ve experienced. While we look at what you’ve done in the past, we’re more interested in how involved you are as a member of our community of impact investors. So, if you fit the Skills, Qualifications, and Compensation requirements below, then the remaining steps in our process looks like this:
Step 1: Apply - Tell us more about you here. Resumes aren’t required, but if you’d like to share yours, you can do it there.
Step 2: Experience CANCER FUND - Get a feel for what it’s like to be part of our community and team by joining our (virtual) Screening Committee and screening at least one opportunity. We’re different, and you may not like what we do, how we do it, or why. Or, you might see a better way to do it. This is the fastest way for each of us to figure that out.
Step 3: Get Involved - CANCER FUND is a community of impact investors. To be part of our team, be part of our community. Participate in our Screening Committee, support opportunities you find interesting or impactful, and refer opportunities you’re investing in that we should consider at www.cancerfund.com/capital. If you know others you feel should be part of our community, invite them to join our Screening Committee at www.cancerfund.com/screening-committee.
Step 4: Stay Involved - Our ideal candidates aren’t hired; they emerge from our community. Your actions speak volumes and tell who is active in our community and who is suited to be on our team, or not. Candidates that are active in our Screening Committee, help grow our community, and invest with us capture our attention.
