![]() Sourcing deals is the main task, which requires investment managers to research trends, attend conferences and networking events and build relationships with entrepreneurs, other investors and industry experts.Īn investment manager might also have a significant role to play after a deal is closed, Horváth says. Ádám Horváth, investment manager at Hiventuresĭay-to-day responsibilities for an investment manager include “sourcing, evaluating and managing potential investment opportunities” - which takes up a significant amount of the time - plus working with the investment committee and other departments within the firm like compliance, risk management and legal teams. Investment managers typically have “a significant role in the deal sourcing, evaluation and closing processes” at firms, says Ádám Horváth, who holds the position at Hiventures, a VC firm based in Hungary and investing in early-growth Hungarian startups. What does a VC investment manager do?Īfter between a year and five years as an associate, some investors will move up to the investment manager position. While a couple of years of VC experience qualifies an analyst to move up to an associate position, having investment banking or consulting experience can also help you get your foot in the door - some candidates can skip the analyst stone altogether if they have experience at “later stage VC-backed startups, big tech” or internal roles like internships. Internal tasks like implementation of ESG, organising team meetings or university outreach and attending events.Supporting existing portfolio companies by, for instance, giving feedback on board materials or business plans, or just a catch-up to share recent learnings.Conducting due diligence on companies that are actively or pre-emptively raising capital, which can include looking at the team, financial history and forecasts, business model, competition and addressable market, among other factors.“This is generally either direct or with a warm introduction from other investors,” says Keilhofer, adding that “the aim is to build long-term, open relationships with key companies in our investment space," Outreach to founders based on priority pipeline lists that come from the research.Research on developments and trends in sectors of focus.While the responsibilities of a VC associate can vary across firms, Keilhofer and Sarjant say that their typical daily routine involves: Laura Keilhofer and Will Sarjant, associates at Burda Principal Investments, say that most of an associate’s time is spent “at the earlier stages of the investment process: from thesis forming, to sourcing, to due diligence, deal execution and lastly portfolio management following an investment”. As an associate, says Składzień, “you might get a taste of what it's like to be an investment manager, dipping your toes in things like running parts of the investment processes”. What does a VC associate do?Īfter between one and three years of analyst experience, the next step up the ladder is as a VC associate. The final 20% of an analyst’s routine should involve an element of “personal development”, Bowen adds, which includes attending networking events and promoting on social media to expand their network and promote the firm’s brand. Tasks completed by an analyst can also involve drafting fund advisory reports so LPs know what’s happening in the fund, or writing memos for the investment committee, who make the big decisions at the firm.Īround 40% of time is spent on research, says Bowen, like deep-diving into industries to identify emerging trends and sourcing deals. That can include things like filling in on startup board meetings as an observer, which as an analyst would be more focused on suggesting firms and people that would be helpful for the startup to speak to, or offer insights on competitors and the market, rather than weigh in on strategy. ![]() Much of an analyst’s daily routine is about learning and “developing abilities to understand why deals happen”, says Hugh Bowen, analyst at global deeptech VC SOSV.Īround 40% of their time is spent on ad-hoc tasks, he says. Bartosz Składzień, partner at Aper Ventures What does a VC analyst do?Ī VC analyst is the most junior position at a VC firm after interns. ![]()
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