Internship @ Newchip - Austin, Texas

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We're looking for the crazy ones that want to change the world. If you're just looking for a job, this isn't for you.

Introduction 

Newchip is a meta-search engine and marketplace to find and compare investments in startups, real estate, robo-advisors, funds, and cryptocurrencies. Our technology consolidates investment opportunities from hundreds of platforms into a single easy-to-use marketplace-- think Kayak or Priceline for investing online. We connect our users to investments based on their interests, preferences, and goals via machine learning algorithms.

We're a veteran founding team with decades of experience, numerous acquisitions under our belts, and we're looking for our next rockstar team member. We recently ranked in the Top 50 Global Startups of 2017 by G-Startups Worldwide, Top 100 VC Backed Startups by Crunchbase, have closed $2M+ in seed funding, and are continuing to scale and build out our team.

If you're looking to make a difference in the world, we're here to provide the mentorship, leadership, and long-term growth potential to make that dream a reality. This is an opportunity to get in at the ground floor and grow exponentially as an individual and in the company.

Checkout a quick video intro on us here

https //www.youtube.com/watch?v=d9zMfS9jNDs

About You…

  • You have experience with startups and venture capital

  • You have a passion for startups, and technology

  • You are analytical and can do independent research on the internet

  • You have excellent written communication skills

  • You are outgoing and can talk to just about anyone

Role Overview

As a Venture / Financial Analyst Intern, you will be responsible for reviewing funding applications, nurturing companies through the selection process, and helping Newchip and it's partners select companies for our portfolios. You will be the one to ensure that our selection funnel is a well-oiled machine, moving the gears, and ultimately helping our companies be successful.

The area of responsibility for this role is very wide and thus requires thorough knowledge and most importantly a passion to learn and be involved in various company processes from both a strategic and execution standpoint. To be successful in this role, you should have extensive knowledge in the startup scene, finance, and CRM software. Ultimately, you will help ensure we only work with companies that fit within ours and our partners business objectives.
Over time, your success will be measured by three key metrics

  • The number of companies that make it through our funnel and join ours and our partners portfolios.

  • The overall conversion rate of our conversion funnels from the point of application to listing.

  • How many companies apply and are interested in crowd-investing and becoming part of the portfolio.

Our dream candidate's #1 trait is a compelling hunger and passion to achieve something great in life and change the world. Experience can be gained over time but your passion and drive are what will make you stand out in applying and in the job.

You’ll be working closely with the founders as we rapidly grow, deploy new technologies, and all of the birthing pains that come with it. We want team members that will do whatever it takes to get the job done. We're looking for people that can not only operate in the chaos of a startup, but thrive in it and earn a place in our family.

We're looking for someone who is hyper-organized, resourceful, and that truly enjoys working in a team to achieve the company vision. Building a multi-platform marketplace is a complex operation, with lots of cross functional minor details and tasks to track. You must be able to prioritize needs between executives and departments, proactively reach out to offer and receive guidance from your team members, and solve roadblocks on your own.
Our Mission
Entrepreneurism is the #1 global factor for improving social mobility, creating jobs, improving access to education and healthcare. Our mission is to change the world by connecting entrepreneurs around the world with the capital they deserve to make their dreams come true and most importantly provide returns for their investors.
Industry Background 
New regulatory changes enacted in the last year are enabling everyday people around the world to invest in what they believe in. We are helping take back control from the venture capitalist and Wall Street, putting it back into the hands of the masses for the first time in over 100 years.
Market Size 
We're at the precipice of a major global change in how people invest, how they interact with financial institutions, and manage their money.The U.S. industry alone is projected to have a global market cap of one hundred billion dollars by 2025. Newchip is perfectly positioned to gain a large piece of the market and we're building a team to go all the way with us to achieve it.
Culture Fit 

  • Hungry, humble, and a desire to do great things together

  • Comfortable working with founders and receiving feedback

  • Desire to establish a career + entrepreneurial/startup mindset

  • Seeks responsibility and understands the need for mentorship

  • Comfortable filling multiple hats/roles + fast pace growth with company

Responsibilities

  • Your primary focus will be around identifying, researching and communicating best practices for crowd-investment success for our portfolio of companies, and helping to nurture new companies through the selection process.

  • You will help our portfolio companies meet the challenges of scaling their businesses as well as their campaign success by building a relevant network of executives, service-providers, corporates and growth stage investors.

  • You will help organize meaningful events for our portfolio and bring leaders together to share what they know via our community and webinars.

  • You will always be learning. One of your biggest challenges will be how to operationalize our transfer of knowledge and facilitate knowledge-share to and from time-strapped founders.

  • You will help out on other related duties to meet the ongoing needs of Newchip, some of which we don't know about yet, and some of which you will help to define.

  • You will have the opportunity to perform due diligence research on potential portfolio companies, design and execute marketing and biz-dev plans, attend business related events and conferences, and observe applicant company pitches.

About Our Internships

Intern positions are available immediately and typically last 3 - 4 months. We are accepting interns who can devote at minimum 20 hours per week. We are flexible with schedules but interns may not work remotely. Our primary goal for our interns is education. Our aim is to encourage entrepreneurship and buffer the ecosystem that supports it. We hope our interns gain practical skills and real-world knowledge they can apply in the industries they're interested in.


As a Venture / Investment Analyst Intern, you will collaborate with our finance and biz-dev team to research and uncover investment opportunities to enhance your investing acumen. The ideal candidate will have meaningful exposure to private company investing and a passion for quantitatively and qualitatively evaluating investment opportunities in the venture capital landscape.

This internship will propel your career opportunities forward by giving you exposure and real responsibility to make an impact on a growing team. Prior interns have spent time supporting portfolio companies by assisting with financial models and pitch presentations while also researching new opportunities in FinTech. In addition to a summer of meaningful work, you'll have plenty of time to explore the city with organized social events to make the most of your 8-10 weeks with us.

You will help with...

    • Managing the Newchip application process

      • Send out interview invitations

      • Collect and prepare the presentation decks

      • Coordinate 1-on-1 interviews, both for selection and intreviews

      • Score and rank applications for selection

    • On-boarding all new Newchip companies

    • Keeping Portfolio Overview documents up to date (weekly)

    • Maintaining all social channels and contact lists

    • Coordinating On-boarding Events such as

    • Company Orientations

    • Company Interview



Requirements

  • A bachelor's degree in finance, business administration, economics, accounting, and or MBA, (graduated or graduating in the next 12-24 months)

  • Ambitious and flexible, prepared to frequently step out of your comfort zone, work hard to deliver the team’s goals, and have a desire to create a positive, happy work environment.

  • A strong drive and the ability to self-direct, especially on multiple projects at any one time. Our work and time is open-ended by nature and you must be able to identify and execute on opportunities to contribute to the team with little, if any, management or direction

  • Personable, engaging and able to build relationships quickly and easily.

  • Able to research, assimilate and communicate complex ideas clearly and succinctly in writing and verbally. You will see the big picture, and you’ll sweat the tiniest details.

  • A leader, and are able to initiate change with an ability to listen, counsel and coach.

  • Have had exposure to the technology industry within a startup, leading technology company or consultancy.

  • Have an outstanding network in the US startup scene.

  • Graduated from a leading university with an excellent academic record.

  • Underwrite and evaluate investments based risk and return fundamentals

  • Assist with deal structuring and the evaluation of term sheets

  • Prepare discounted cash flow analyses, competitive market analyses and development model analyses for current and pipeline opportunities

  • Join meetings with current and pipeline company management teams and co-investors

  • Assist in the preparation of pitch decks for companies

  • Limitless curiosity about business models, competitive dynamics and innovation

  • An interest in diving deep in more than one investment category, gaining exposure to companies across the financial technology landscape including cryptocurrency, trading platforms, data businesses and technology companies.

  • Passion for high quality work and the ability to relentlessly pursue continuous improvement

  • Interest in pursuing personal and professional growth by learning new principles

  • Familiarity with Microsoft Office — specifically PowerPoint and Excel

  • Have been an assistant or played a support role at a previous organization

  • Passionate about working in the Austin startup scene and helping companies succeed.

  • Organized and plan ahead, but you don’t get stressed out when things change at the last minute. Because they will. You roll with it.

  • Write things down. You document your process and maintain records so that if you got hit by a bus we we’ll be very sad but still able to continue operating.

  • Are professional and presentable and greet everyone cheerfully.

  • Have a reliable laptop computer and smartphone.

  • Are security aware. You have a passcode on your computer and phone and use a password manager.

  • Comfortable with the Google Apps suite of products. You’re eager to learn about new tools and ways to be more productive.

  • Get to Inbox Zero every day.

  • Don’t gossip and have discretion.

  • Have a cover letter and resume that demonstrates strong attention to detail and appreciation for a polished product.

Benefits

  • Starting pay of $15-$30 per hour up to 20 hours per week depending on level of experience (room for growth into a full time position that will help launch a new type of venture fund)

  • Competitive paid time off (vacation, sick days, and public holidays)

  • Potential for full time hire with industry competitive salary + equity stock options

  • Free weekly lunches, plus endless snacks and drink supply

  • Regularly planned team outings and company events

  • Stipend for training and career development

  • Opportunity to make a meaningful impact in a revolutionary space

We're looking forward to meeting you and wish you the best of luck in the recruitment process!