Associate

San Francisco, California, United States / Remote Possible · Associate

Description

Soma Capital is a fund built by founders, for founders. Soma invests in brilliant teams who are “starving” to solve huge problems, push civilization forward and improve the human condition.

Soma Capital was founded by Aneel Ranadive, who has over 10 years of experience building companies and investing in over 200 startups including Cruise, Rappi, Embarktrucks, Astranis, Alto Pharmacy, Ironclad and Lambda School (combined valuation of over $36b across all portfolio companies).
Aneel works closely with his father Vivek Ranadive, who founded TIBCO Software and sold it to Vista Equity for $4.3 billion in 2014. TIBCO Software’s pioneering products include big data, analytics, event processing and cloud services, making Vivek a key expert in enterprise software. In 2013, he purchased the NBA’s Sacramento Kings, becoming the first Indian-born majority owner in the league.
Soma has formed a deep relationship with Bow Capital, Vivek Ranadive’s venture fund which focuses on Series A and Series B investments. Through this relationship, Soma Capital has access to Bow’s deep rolodex of CEO-level relationships with some of the biggest brands in the world, who can help make strategic introductions for portfolio companies.
Soma Capital is seeking to hire an associate to lead technical diligence and / or investor relations as well as help manage the existing portfolio, evaluate new investments and identify potential follow-on opportunities within the portfolio.

Qualifications

  • Ideally at least 2 years of relevant experience either at a startup in a fast moving iterative environment, or in finance: investment banking, consulting, venture capital, or private equity. Previous experience with startups, investor relations and / or engineering is highly desired

  • Excellent quantitative analysis, finance and business modeling skills (with an emphasis on valuation and corporate finance skills), strong transactional experience, and an outstanding record of professional and academic achievement
  • Motivated, hard-working team player, able to work effectively in a small team setting
  • Excellent interpersonal and networking skills with proven ability to develop and maintain effective business relationships
  • Self-starter with strong work ethic
  • Passion for and working knowledge of technology-enabled businesses
  • MBA preferred

Requirements

  • Primary Responsibilities (two tracks)
    • Lead investor relations effort
      • Follow up with existing portfolio companies, learn the ins and outs of the businesses and update all data in Carta for Soma internally
      • Maintain fund administration model and financials by owning all portfolio company valuations and markups
      • Create quarterly reports for our LP’s updating them on all portfolio company performance, plus any additional learnings or insights and what they should be excited about for the future of the portfolio
    • Lead technical diligence effort
      • Own technical diligence on all new deals, especially when evaluating highly technical companies or founders covering industries such as dev ops, productivity, AI / ML, data science, etc.
      • Work with Soma’s dev team to build out automation tools for Soma and Soma’s portfolio companies 
      • Help evaluate and run recruiting for technical interns 
  • Additional Responsibilities
    • Stay organized and add value to portfolio companies, for example by learning Soma’s enterprise network and making strategic introductions for customer acquisition
    • Organize dinners and events with portfolio companies to stay up to date with their performance, and connect the right founders to one another at the right time
    • Perform industry / sector and company analysis, and company due diligence
    • Meet with management teams and industry experts to help source new ideas
    • Build investment cases for specific companies, writing investment memos and presenting opportunities
    • Screen, analyze and help execute investments in to new companies
    • Support deal negotiation, winning the deal and closing
    • Build relationships with Soma Capital’s advisors and connect them with the right portfolio companies at the right times to add value
    • Network with LP’s and help bring them in to follow on investment opportunities putting together deal memo’s and SPV’s
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