WHO WE ARE

XRC Ventures is the #1 venture capital firm & startup accelerator for the next generation of disruptors in the retail technology and consumer goods sectors. We invest in early-stage (Pre-Seed to Series A) startups and help our founders drive growth through our top-rated Accelerator Program, our 300+ mentor network, and the support of our industry and ecosystem partners.

We aim to foster rapid innovation and unlock new opportunities while creating a better experience and planet for our ultimate customer: the consumer. Our investments span the entire consumer value chain from how products are made, delivered, promoted, and sold, to the products themselves. Our portfolio includes consumer tech solutions like ShopShops, Recurate and Fillogic, and CPG brands like Homefield, Naked Sundays and Solawave.

WHO YOU ARE

This position is geared towards students (Undergraduate and MBA) interested in venture capital and/or working with early-stage consumer and consumer-tech startups. You are eager to learn, have a curiosity to understand how things work, ask questions, contribute ideas, are proactive, and are excited to work as a team.

APPLICATION

This internship is for the Sourcing & Investments team. For the Spring/Summer semester, we will be hiring interns for two teams: the accelerator fund, which focuses on retail tech, logistics, consumer health companies, and the brand fund, which focuses on CPG brands.

General Description: The Sourcing and Investments team finds companies for investment consideration and oversees the due diligence process. Strong candidates enjoy writing, researching, are resourceful, and have a strong attention to detail. Must be proficient with Google Slides. Familiarity with Google Sheets, social media tools, and Crunchbase is also helpful, but not required.

Sample Projects and Responsibilities:

• Find startups that fit the investment criteria for the fund
• Create investment memos and/or one-pagers on Google Slides
• Conduct research and analysis to assist with diligence (e.g. market sizing, financial models, business strategy, pricing studies, and other ad-hoc projects)
• May also be asked to attend events, conduct consumer or startup interviews, and help with channel checks as needed

QUALIFICATIONS:

Required

• Ability to thrive and grow in a high-growth, fast-paced startup environment; quick to adapt to new challenges and change
• Entrepreneurial and resourceful; takes ownership of projects and enjoys figuring things out on their own
• Ability to multitask and work with multiple teams on multiple projects, and remain organized
• Strong research and analytical skills and the ability to distill data into actionable insights
• Excellent presentation, writing, and communication skills with extreme attention to detail
• Enthusiastic, driven, and great at communicating
• Team player who doesn’t hesitate to roll up sleeves and tackle something hands-on
• Well versed with Google Suite (especially Google Sheets and Google Slides)

Preferred:

• Knowledge and passion for startups, retail/consumer, and technology; Especially CPG companies in beauty, personal care, and health and wellness
• Experience with startup research, sourcing, and evaluation
• Experience coordinating groups and managing events
• Experience with Zoom

EMPLOYEE TYPE:

Non Exempt: Hourly

Part Time: +/- 15 to 20 hours per week (average); set schedules

Temporary: 5-6 month term (corresponding with semester time frame)

Location: Remote

TERM:

• Spring Semester (January to May)
• Summer (May to September)
• Fall Semester (September to January)

COMPENSATION:

Undergrad: $20/hr - $23/hr (dependent on years experience/academia)

Grad/MBA: $24/hr - $25/hr (dependent on years experience/academia)

APPLICATION PROCESS

Please fill out the application form linked here. If your interests and background are a good fit for one of the divisions at XRC VENTURES, you will be contacted to proceed with the interview process.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

XRC VENTURES provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.