Do you want to run an investment fund and think you have what it takes to invest in Cross-Reality?

Last year I wrote Blockchain-VS-The VC, which is about how to Gamify Venture Capital around Token-Based Investment Funds investing into the eco-system of that token. This spoke to the structure; the what and how of accomplishing this. Then I wrote The Virtuous Circle of a Token-Based Investment Fund, which was more of the WHY, the reasoning behind how more effective it would be to use a token to invest into its ecosystem then fiat. Basic concept being a token can explode in value when someone finds its killer app and fiat remains at its constant value.

Convergence is bringing its first product, the Player Acquisition Engine (PAE), to market and the DROID Token is achieving liquidity, therefore, it is the right time to implement this strategy.

Do you have what it takes to change the world? Have you ever managed an investment Fund? Do you want to avoid the hassle of finding all the Limited Partners to finance your Fund? Wouldn’t you rather deal with just one LP, have the capital ready to go, and just start evaluating potential investment projects?

Convergence is now conducting a global search for the right candidates to become the General Partners to manage these Seed / Early stage Token-Based investment funds.

These new globally focused seed & early stage firms will invest in transformational information technology companies and entrepreneurs. The new firms aim to be indispensable partners to entrepreneurs around the world passionate about building companies driving meaningful innovation in new or existing industries, products or services.

Investment sectors area of focus is the Cross-Reality (XR) space which includes Augmented Reality, Virtual Reality, Artificial Intelligence, Internet of Things, Blockchain, Cryptocurrencies and Video Games.

JOB DESCRIPTION:

The firm is seeking to add an experienced General Partner (hereinafter, “Partner”) to its investment team for its inaugural fund. This Partner will be a full member of the General Partnership (“GP”), with appropriate carried interest in the GP, and will report to the Managing Partner. The Partner will help run day-to-day operations of the fund, source and lead new investments, help recruit, mentor and manage the team, and assist in all aspects of fundraising. This person will be expected to bring relevant experience and thinking to our discussions about the evolution of our fund thesis, composition and structure. Candidates must have both extensive venture investment experience and work experience in the tech and video game entertainment sectors. Previous experience as a technology entrepreneur is strongly preferred, but is not essential.

The most important qualifications are: strong, attributable track record of past success in technology or entertainment investing, either with established venture firms or as an angel investor; past results in working with diverse teams; good judgment about people, strategy, and technology; a facility for working in fast-moving, entrepreneurial environments; and, an orientation towards and commitment to the venture capital asset class and of being a supportive, tireless advocate for the firm’s portfolio companies. These factors matter more than specific past positions, employers or educational credentials. You thrive on collaboration, consensus building, accountability, an aggressive investment orientation, a passion for building a next-generation venture capital platform with like-minded peers, and on raising the game of those around you while they raise yours.

PRIMARY TASKS:

Investment process:

Evaluate opportunities for investment, assess investment risks, analyze financial data, and perform business and investment valuation;

Co-lead and join the team on new investments and existing portfolio companies;

Perform deal analysis and recommendations for follow-on investments in existing portfolio companies;

Proactively source high quality new investment opportunities that fit our investment criteria;

Manage due diligence process, write investment memos and assist with investment execution;

Review and screen entrepreneurs’ pitch decks, conduct interviews with entrepreneurs, assist Partners and investment staff with due diligence;

Understand and lead the full investment life-cycle from due diligence, close process, pre and post funding support to follow-on funding;

Support portfolio companies on various management, strategy and funding issues;

Take Board seats at our portfolio companies, as appropriate;

Interact with entrepreneurs, advisors, limited partners, other investors, the media, lawyers and others in the tech ecosystem.

General responsibilities:

Manage and provide mentorship to members of the investment team;

Define a clear investment thesis and advocate and execute against that thesis;

Develop his/her own deal flow and co-investor networks;

Assist the Managing Partner in all fundraising activities including investor meetings, introductions, documentation and presentation preparation, and travel (as appropriate);

Develop and deliver presentations on new investment industries and fund performance to fund partners, portfolio companies and limited partners;

Identify areas of inefficiencies at the firm and suggest improvements (e.g. diligence process, deal sourcing, recruiting);

Evaluate opportunities for the firm’s sponsorship of conferences, meetups, social events, incubators/accelerator demo days;

Make a meaningful effort to support mission-related organizations by volunteering in local community events;

Act as an ambassador for the firm and its portfolio companies and represent their respective interests at tech and investment conferences, industry events, and in the press.

REQUIREMENTS:

We value grit, tenacity, analytical horsepower, integrity, and candidates that can demonstrate a clear pattern of personal growth in their career and personal choices. What you have accomplished in the world of startups and technology and the path you traveled to get there matters more than a degree or work experience in a particular role or with specific employers.

Strong, attributable investment track record of venture investing, either at an established venture capital firm or as an angel investor, with realized exits;

Knowledge of the tech sector, especially startups, including products, trends, investors, and sophisticated and thoughtful understanding of the ecosystem;

Exceptional analytical ability. Candidates must be able to analyze data effectively, interpret results, and extract data-driven insights;

Excellent interpersonal skills and high emotional intelligence, including strong judgment about people;

Evidence that the candidate can listen, understand and communicate effectively in a wide variety of contexts and with a wide variety of people;

Evidence of the candidate’s passion about helping entrepreneurs succeed;

Evidence of the candidate’s ability to add value to a startup across a broad variety of contexts, not simply at the time of investment;

Evidence that the candidate possesses a well-developed ecosystem of established relationships with other venture investors and entrepreneurs with whom the candidate can source and develop deal flow for the firm;

Experience working with diverse and often demanding personalities;

Evidence that the candidate can thrive in a fast-moving, entrepreneurial environment and can be accretive to the team and the Firm’s mission on day one;

A demonstrated aptitude for making successful, well-reasoned and well-diligenced investment decisions.

Nice to have:

A bachelor’s degree in Business Administration, Finance, Economics, Accounting, or Computer Science;

An MBA or Law degree is a plus, but not essential;

Prior experience sitting on Boards of Directors at emerging growth companies;

Language skills beyond English, especially Spanish, Mandarin and/or Portuguese

PROFESSIONAL BENEFITS:

You will have ownership of your projects, and be expected to manage these projects from start to finish;

Interact with top VCs, entrepreneurs, and the media;

Interact with major institutional investors, government agencies, sovereign wealth funds and diplomats;

Learn about all facets of technology, consumer finance, business services, and the other industries in which we invest.

COMPENSATION:

Standard 2%, 20 carry with bonuses based on the competition with the other funds in the group.

CONTACT:

Contact me on LinkedIn if you want to be considered. I am in Boston this week at FinTech Week if you happen to be there, reach out and let’s talk.