[Remote] Venture Advisor (Equity position only)

Note: The job is a remote job and is open to candidates in USA. AI Fund is an early stage venture firm founded by Dr. Andrew Ng in 2017, focused on utilizing AI technology to improve processes and efficiency. The Venture Advisor will help launch and grow companies by providing guidance, validating ideas, and ensuring successful fundraising.

Responsibilities

• Help build and advise companies
• Work with Builders and the Partners to move a company through several stages
• Formulate a hypothesis and do early validation
• Definition of the problem
• Understanding the competitive landscape
• Market analysis
• Early customer validation
• Creating a pitch deck to get buy-off on hiring an FIR (Founder in Residence)
• Active in the recruiting process of the FIR and act as the hiring manager
• Act as a coach/mentor or as a sounding board to the FIR whenever necessary
• Continue to work with the FIR towards getting the company from zero to 1
• Continue building, validating, and iterating on the portfolio company
• Carry out a study of the most viable approach to deploying the desired products or services
• Explore potential MVP product designs
• Help develop an actual, market-ready prototype using low-code / no-code platforms
• Help identify possible approaches for a commercially viable go-to-market (GTM) strategy
• Help identify best candidate business models for pre-revenue and revenue-based monetization strategies
• Help finalize an investor-ready deck which may be used to proceed with fundraising if appropriate
• Invest in the company to build a team, launch the MVP, and ultimately seek external funding
• Continue to work with the FIR as an active Executive Board Member with the goal of getting the company from zero to 1 and securing an outside round of capital within a year of closing the pre-seed financing

Skills

• Experience in building a successful startup from 0 to 1 resulting in a financially successful exit (large or small) multiple times
• Prior operating, product or engineering executive experience
• Experience raising venture capital financing or have worked as an Angel Investor or for a VC in an investment capacity
• Strategic thinking
• Highly collaborative work-style, pragmatic, and resourceful problem-solver
• Capability and desire to build relationships and network within the venture industry
• Demonstrated problem-solving, quantitative and qualitative analysis skills, including deep familiarity with high-tech startup
• Approaches work with an unparalleled level of personal ownership, responsibility, integrity, and ethics
• MBA, Engineering, or other advanced degrees are a big plus
• Sales or business development experience is a plus
• Seen companies through the growth phase is a plus
• Domain expertise to be better matched to a project is a big plus

Company Overview

• AI Fund is a VC firm made up of AI pioneers, operators, entrepreneurs, and investors, supported by LPs such as NEA, Sequoia and Greylock. It was founded in 2017, and is headquartered in Palo Alto, California, USA, with a workforce of 11-50 employees. Its website is https://aifund.ai/.

Company H1B Sponsorship

• AI Fund has a track record of offering H1B sponsorships, with 2 in 2023, 1 in 2020. Please note that this does not guarantee sponsorship for this specific role.

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