AI Fund - Associate

Palo Alto, CA /
AI Fund – Investment /
Full time
Who We Are:
AI is the new electricity: Just as electricity transformed numerous industries starting 100 years ago, AI is now poised to do the same. AI Fund is a venture studio founded by Dr. Andrew Ng in 2017. Our portfolio companies utilize AI technology and applications to improve processes and efficiency. The AI Fund team combines their experiences as AI pioneers, entrepreneurs, venture capitalists, investors, and operators. We are backed by a $176 million-dollar fund from top-tier VC firms.

Our purpose is to build AI companies that move humanity forward.

What We Seek:
We are looking for an energetic Associate to join our investment team and help us identify the best early stage companies leveraging AI today and help our portfolio companies grow.  As company builders, founders and investors ourselves we are looking to add a top new investment talent to our investment team to expand our investment practice.  We welcome candidates who possess a growth mindset, strong analytical skills and ability to handle ambiguity. 

What You Will be Doing:
Create and manage top-of-funnel investment deal-flow.  In this role, you’ll be responsible for responding to inbound emails, finding interesting companies. You will also be responsible for making cold calls to reach out to entrepreneurs and startups. Lastly, you will be responsible for managing the deal database.
Learn to evaluate opportunities. You will join the investment partner on meetings and learn to assess investment opportunities with the goal of becoming independent in determining what an interesting investment is and escalating those opportunities to the GP for further discussion. To do this successfully, we expect you to be a smart and logical thinker and to be able to learn quickly.
Communicate with entrepreneurs and executives. To support deal sourcing and evaluation, you will communicate directly with entrepreneurs and executives. You will have to have to have strong people skills and strong communication skills, and be able to network and build rapport quickly. 
Perform due diligence for potential new investments.  You will be responsible for calling customer and personal references to validate companies and entrepreneurs and uncover any critical issues that we should consider in our investing.
Perform market analyses.  From time-to-time, you will analyze industries, develop industry knowledge and contacts to help formulate investment strategy/themes, evaluate companies in those segments, and determine the leading companies in those segments. 
Facilitate investments and support company building efforts.  You will be the keeper of the deal database, write investment memos, conduct market, benchmark companies our portfolio should be measuring themselves by, and aid partners in their efforts to help portfolio companies.

What You Must Bring:
Must Haves:
- At least one year of experience working at a top investment bank analyzing various companies/business problems, a top management consulting firms working with companies at a strategic or operational level, or a top early stage venture firm.
- Strong people skills and have the ability to interact professionally with company founders and executives. 
- Be a self-starter that takes initiative and can get a lot done with relatively little direction. 
- Some technical background, such as a technical undergraduate degree (engineering, math, science, and/or computer science).
- Strong analytical and verbal skills.

Nice to Haves:
- Product experience at a tech company or a hi-tech start-up.
- AI and/or ML knowledge at a conceptual level.
There is no relocation budget or visa sponsorship budget available for this role. However, currently, we are working from home till summer of 2021 so everyone is able to remotely within 3 hour time difference from PST until everyone is ready to return to the office. 

At AI Fund, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants without regard to race, color, religion, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, and any other characteristic protected by applicable law. AI Fund believes that diversity and inclusion among our employees is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. Selection for employment is decided on the basis of qualifications, merit, and business need.

You must already have, or be able to obtain, authorization to work in the country you will work from.