Senior Associate, Enterprise AI
About PrimaryPrimary is a seed-stage venture capital firm dedicated to delivering exceptional support to the founders of transformational businesses. By pairing meaningful investment resources with the largest portfolio impact team of any seed investor, our portfolio companies have reached an industry-best seed-to-A graduation rate.About the RoleWe are looking for a Senior Associate who will find, diligence and win great Enterprise AI and Fintech businesses. Here is a note from the Partner Emily Man with whom you will be working in lockstep:Weâre at a unique point in time where massive swathes of the economy â across traditional software and services â are set to be fundamentally transformed by AI, and Iâm looking for my right hand to invest in this next generation of category defining businesses from day 0. You should be excited about picking apart âunsexyâ industries that are set to be reimagined from the ground up in an AI-native way, partner deeply with exceptional founders, and push the boundaries of what seed stage investing means. Weâre looking for the insatiably curious, independent thinkers, who are obsessed with tech and business building. Iâve backed companies including Ramp, FloQast, Maybern, Mantl, MX, and more. If youâre excited to operate at the frontier of whatâs possible in fintech and AI, and want to be part of a high-velocity, hyper-competitive team with deep conviction, this is the place to do it.What You'll DoDeal Sourcing: Conduct market research and actively seek out promising investment opportunities startups through various channels. Represent the firm to conduct an initial screen of prospects Due Diligence: Perform thorough due diligence on potential investments including financial analysis, market assessment, competitive landscape evaluation, and team assessment. Independently run diligence processes with assistance from the Partner, effectively prioritizing diligence areas, synthesizing diligence workFinancial Analysis: Own relevant analyses for potential opportunities including financial, market sizing, unit economics, and cap table modeling. Portfolio Support: Provide ongoing support to portfolio companies by coordinating with the portfolio impact teamMarket Insights: Stay on top of industry trends, news, and regulatory developments. Surface regular market insights and lead research on thematic deep dives on new potential investment areas.Network Expansion: Cultivate and maintain relationships with key stakeholders in the fintech community, including founders, industry experts, talented operators, and other investorsThought Leadership: Represent the firm at industry events, conferences, and panels. Support and execute on strategic brand building and thought leadership initiatives.Firm Building: Support Partners with ongoing LP reporting and other firm building initiativesAbout youMust be available to work full-time in NYC3-5 years of total experience, with at least 2+ years in a venture capital firm, or other investing role, with a demonstrated interest in startups and disruptive technologies.Entrepreneurial Spirit: You have an entrepreneurâs intrinsic motivation and are capable of independently running with business ideas with substantial ambiguity. You are resourceful, passionate about ownership and willing to hustle to win dealsDeeply curious: You have a strong desire to become an expert in a certain industry or business model and are willing to put in the work to do soAnalytical-thinker: You have a strong grasp of what makes a good business. Youâre comfortable with financial statements & models and concepts and can quickly assess the feasibility and scalability of a new venture ideaRelationship-builder: Youâre comfortable developing relationships with industry leaders from the ground up and have a deep knowledge of technology investing as well as a strong understanding of the VC ecosystem Fast-learner: Youâre able to learn rapidly, develop a strong point of view, and communicate compelling narrativesStrong communicator: Excellent verbal and written communication skills, with the ability to present complex ideas in a clear and concise manner.Compensation is market-competitive with a yearly cash base of $150,000-$200,000 and will include upside in our funds.
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