Other8/18/20

We’re hiring a Venture Associate!

Rock Health

About us

Rock Health is a venture fund and advisory services business dedicated to digital health. We support both sides of the enterprise market for digital health—funding digital health entrepreneurs and advising large healthcare corporations, with the ultimate goal of catalyzing the scalable adoption of groundbreaking technologies in healthcare.

Put simply, our mandate is impact. We want to make healthcare massively better for every human being.

About the role

The Venture Associate delivers exceptional venture investing and startup support by proactively scouting and sourcing deals, executing diligence on prospective investments, cultivating and growing the digital health ecosystem that surrounds Rock Health, and ensuring a process of continuous learning in our investing activities. As a member of the broader Rock Health team, the Venture Associate also plays a key role supporting Rock Health’s advisory services clients through education and support.

Responsibilities

Deal Flow Management

  • Ensure the successful tracking and organization of Rock Health’s deal flow
  • Categorize each company in our tracking systems (e.g., Asana, Copper)
  • Triage each potential investment, decide which companies to meet, and review the best at our investment team weekly meeting
  • Communicate investment decisions to entrepreneurs in a timely manner
  • Proactively develop Rock Health’s network of investors, incubators, and entrepreneurs and source deals through active outreach across stakeholders in industry, entrepreneurship, academia, etc.
  • Facilitate the weekly investment team meeting (setting the agenda and maintaining minutes)
  • Conduct full diligence (using Rock Health’s process and checklists) on prospective investments
  • Prepare draft investment memos to support the Investment Committee’s evaluation of potential investments

Investor Relations

  • Draft and send monthly newsletter to LPs with an update from Rock Health—including, but not limited to, new investments, market research, and portfolio highlights
  • Plan and host quarterly LP meetings to provide updates on fund performance and facilitate connects with portfolio company founders
  • Work with Rock Health’s accounting and fund management team to deliver financial reports

Portfolio Support

  • Proactively identify portfolio needs and build/manage a network of ‘on-demand’ experts that can provide assistance
  • Draft and send monthly newsletter to portfolio companies with relevant updates on Rock Health’s activities
  • Send qualified candidates to respective companies for posted/anticipated hiring
  • Continuously monitor portfolio company performance, through annual surveys and informal means, summarizing key milestones and tracking overall portfolio progress
  • Maintain the Rock Health Portfolio Lookbook, updating quarterly

Venture Operations

  • Develop and maintain a plan and budget for the evolution of Rock Health’s proprietary deal flow tracking software, and oversee system updates
  • Ensure the tracking of interactions with entrepreneurs, investors, and others in the healthcare ecosystem in Rock Health’s CRM (Copper)
  • Collaborate heavily with the Rock Health Advisory Services team to ensure the delivery of monthly Deal Flow Digests and Pipeline exports
  • Other duties as required

Skills

  • Courage and deeply-held, intrinsic motivation to make the world a better place
  • Entrepreneurial self-starter with exceptional business instincts
  • A history of success built on asking for forgiveness rather than permission
  • Extraordinary communicator and relationship builder—you’re equally able to connect with Fortune 100 corporate executives and someone you meet at a coffee shop
  • Ruthlessly analytical, data-driven rigorous thinker, with extraordinary attention to detail
  • A humble team player
  • Experience with financial modeling, business planning, and valuation techniques
  • Familiarity with key private equity / venture finance concepts, including: cap table structure, valuation metrics and methods, and term sheet structure and standard language
  • Insane Keynote/Powerpoint skills

Nice to Haves

  • MBA from a top business school
  • 1-2 years of finance experience (e.g., banking, private equity, securities trading; consulting, depending on experience)
  • Accepted file types: pdf.
    Please use the naming convention of FirstName LastName - Resume
  • Accepted file types: pdf.
    Please use the file naming convention: FirstName LastName - Cover Letter
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