Connecticut Innovations I CBIF Managing Director/Director

Connecticut Innovations•New Haven, CT

3d•Hybrid

About The Position

Connecticut Innovations (CI) is Connecticut's strategic venture capital arm and one of the most active early-stage investors on the eastern seaboard. CI has a portfolio of 250+ companies across 5 equity funds and a 1 venture debt fund. We have $550 million in assets under management, and our venture portfolio employs 4,000 jobs. The Connecticut Bioscience Innovation Fund (CBIF) is a $200 million fund that deploys equity and loans to move bioscience breakthroughs to market faster. The portfolio spans more than 100 companies across therapeutics, biotech, diagnostics, medical devices, life science tools and digital health. The CBIF Venture Team is a small team where each member plays a pivotal role in the investment due diligence process and post-investment, as part of scaling the portfolio company. We are hiring a CBIF Managing Director/Director to support the bioscience portfolio. This is a unique hands-on venture capital experience in an innovative and collaborative work environment. This opportunity to contribute, add value, and make an economic impact in the State of Connecticut is extraordinary. We seek an absolutely elite team member to hit the ground sprinting. Team members play a key role in executing our investment strategy by researching and cultivating promising investment opportunities and participating in all phases of the investment process including sourcing, due diligence, meetings with management, focused company and industry research, financial modeling, writing investment recommendations. Post-investment, team members monitor the portfolio company and support the business' strategic growth initiatives and potentially serve as a board member or observer. Senior members of this team also set direction, mentor associates and analysts, and represent CI publicly across the ecosystem.

Requirements

Master's degree in biosciences strongly preferred. PhD or MD/PhD is a meaningful advantage.
10+ years in venture capital, private equity, or corporate development (or an equivalent role) within a pharmaceutical, biosciences/life sciences or healthcare company.
A demonstrable track record across investment origination, due diligence, deal execution and portfolio company management.
Depth in market, product, competitive and valuation analysis in biosciences, life sciences and healthcare.
Startup or growth-stage experience at a venture-backed company is highly valued, especially as a founder or operator
Fluency with financial statements, business plans, and legal documents.
Strong oral and written communication - you will write memos that get picked apart and present to a board that asks hard questions.
An existing network across academia, co-investors, strategics and operators that you can put to work on day one.
Entrepreneurial, ambitious, curious, self-starting.
High energy, high effort, positive attitude - and fun to be around on a long day.
Demonstrated excellence in multiple pursuits and love for hard work essential.
Comfortable with autonomy and ambiguity, and good at solving problems without waiting to be handed a process.
Willing to move between routine detail work and high-judgment thinking without losing quality in either - seniority here does not mean delegation of everything.
The right mix of self-confidence and humility - a consummate teammate with a history of making teams perform at a higher level.
Motivated by the double bottom line: this is public capital, and the returns fund the next generation of Connecticut companies.

Responsibilities

Investment origination - building and converting a proprietary pipeline of bioscience opportunities across therapeutics, medtech, diagnostics, tools and digital health.
Deal execution - leading market, product, competitive, technical and valuation analysis; setting and negotiating deal terms; managing the path to close.
Financial modeling and valuation, working with and supporting the rest of the CBIF team.
Investment recommendations and presentations to CI advisory committees and committees of the CI Board of Directors.
Portfolio company management - board seats and observer roles, follow-on strategy, investment syndicate building, and hands-on support through hard decisions.
Commercial partnering, recruitment and exit introductions for portfolio companies
Shape CBIF strategy and sector theses
Represent CI across the ecosystem - with founders, universities, co-investors, LPs and policymakers.