Senior Associate
San Francisco, CA +1
Junior +1 · Full time
Posted 2 years ago
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Peterson Ventures Senior Associate

We’re looking to expand our investment team at Peterson Ventures by hiring a Senior Associate with at least 4 years of full-time work experience to focus on managing our $12M fund dedicated to digital health and wellness. Ideal candidates will have investing or operating experience in the health and wellness space.

This person will work moderately autonomously across all aspects of the investment process of the dedicated digital health and wellness fund, as well as contribute as a key member of the investment team for our core fund.  This role must be based in either Salt Lake City, UT (preferred) or the San Francisco Bay Area.

This is a unique opportunity for someone who has a passion for healthcare, venture investing and partnering with founders in building early stage startups to join an established and growing early-stage venture fund.

If you’re interested in applying, please send an email to recruiting@petersonventures.com with the subject line “Peterson Ventures 2021 Senior Associate Hire — [Name]” and include your resume. 

Job Description

Full-Time

Salt Lake City, Utah (preferred) or San Francisco Bay Area

About Peterson Ventures (www.petersonventures.com):

Peterson Ventures (PV) is a pre-Series A stage venture fund ($250MM AUM) based in Salt Lake City, UT and the venture arm of Peterson Partners (www.petersonpartners.com), a leading alternative asset manager ($1.4B in AUM).

PV was formalized as a seed-stage venture firm in 2008 and began raising outside capital in 2012.  Since 2012, we have raised more than $250MM across 3 funds and invested in more than 80 companies resulting in 6 unicorns. Portfolio companies include Allbirds, Bonobos, Cotopaxi, Eargo, Ethos, Collective Medical, Nomi Health, SmartAsset and Lucid Software.  We invest in companies that operate in a large and growing market with capital-efficient business models, broadly speaking this falls into one of two buckets:

1) SaaS (including healthcare tech, future of work, ecommerce infrastructure)

2) Digital Commerce (including digital health, retail, fintech, consumer-enabled marketplaces)

Roughly 40% of our portfolio companies are in Utah, 40% in the Bay Area, and 20% throughout the country. 

Opportunity:

Alongside our core fund, Peterson Ventures manages a $12M fund dedicated to digital health and wellness. The Sr Associate will have the opportunity to directly manage the sourcing, diligence and management of investments made out of our dedicated health and wellness fund. This role provides the unique opportunity to directly manage investments in a dedicated fund, but also be a core member of our investment team for our core fund.   

Sr Associate Job Scope:

Overview

  • The Sr Associate will spend ~70% of their time dedicated to the digital health and wellness fund and ~30% of their time dedicated to the activities of the core fund

Deal Sourcing and Diligence

  • Identify and execute unique deal sourcing channels for digital health and wellness opportunities
  • Build pipeline of prospective portfolio companies in the digital health and wellness space
  • Execute deal diligence and investment recommendations for the digital health and core funds

Portfolio Management

  • Manage and support existing digital health and wellness portfolio companies in the digital health fund
  • Provide perspective and guidance to portfolio company teams in areas including:
    • Product development/management
    • Sales and Go-to-market strategy
    • Hiring / team building
    • Financing

LP Management and Reporting   

  • Manage the relationship with the digital health fund LP investor by preparing for and conducting monthly meetings and liaising with the investor regarding investment recommendations
  • Own the creation and development of fund reporting and presentations to the digital health fund investor

Market Research and Thought Leadership:

  • Deeply research and understand the digital health and wellness space
  • Understand how changes in macro changes technology, regulation, and behavior and affecting this market
  • Prepare and publish thought leadership writing and content related to the health and wellness space

Core Fund Activities:

  • Actively participate in the activities of the core fund, including deal sourcing and diligence, portfolio management, LP management, firm building, etc. (30% of time)

Sr Associate Qualifications:

  • 4-6 years of professional experience
  • 2+ years of experience in the healthcare space, either as an investor or operator  
  • Consulting, investment banking or startup experience a plus
  • MBA a plus
  • Track record of professional success and excellence 
  • Sound deal judgement
  • Salt Lake City-based preferred, but open to SF/Bay Area-based




Peterson Ventures
Peterson Ventures is an early stage venture capital firm that partners with exceptional entrepreneurs.
Size:  1-10 employees
Year Founded:  2008
Confluence.VC's Notes
Confluence.VC
Curator of Confluence.VC Job Board
Awesome role for investors interested in going deep on health and wellness
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