Primary Venture Partners is looking for a web3/crypto-focused Associate to join its Investment team.
Primary is a seed-stage venture capital firm dedicated to delivering exceptional support to the founders of transformational businesses in NYC. By pairing meaningful investment resources with the largest portfolio impact team of any NYC seed investor, our portfolio companies have reached an industry-best seed-to-A graduation rate.
The Web3 Associate at Primary will be responsible for working closely with the Partner team to create, execute on and lead our web3/Crypto strategy. This Associate will become an investing expert in web3/Crypto, deciding on which areas of the ecosystem we want to focus on and will play a key role in leading investments.
The ideal candidate is resourceful, data-driven, well-networked and ready to hustle, with a strong interest and desire to specialize in the web3/crypto landscape.

About the role – specific responsibilities will include (but are not limited to) the following:

• Consistently surface new prospects worthy of focused diligence in sector of focus
• Develop independent relationships with founders and key talent outside of the Primary portfolio
• Build strong relationships with key stakeholders and early stage venture firms focused on Web3/Crypto that we can co-invest with
• Connect effectively with founders in the first meeting, communicating Primary value to ensure we are at the table if we want to be. Ask clear questions and drive effective dialogue with prospect companies
• Understand “gotta believes” as a framework for assessing deals and prioritizing early work, and effectively distill and present facts of an interesting deal to the rest of the team. Translate “gotta believes” into specific diligence work streams
• Perform high-level evaluation of founding team based on backchannel referencing and secondary sources
• Create industry breakdowns and investment memos that will be presented to the team
• Create preliminary target lists of Series A investors and builds relationships with key players at high value downstream capital providers
• Execute on cap table modeling
• Communicate clearly with Primary resources and portfolio company management to ensure expectations are aligned
• Support Partners with ongoing LP reporting

About you:

• Must be available to work full-time in NYC
• Self-starter: you have an entrepreneur’s intrinsic motivation and are capable of independently running with business ideas with substantial ambiguity. You are resourceful, passionate about ownership and willing to hustle to win deals
• Network-builder: you’re comfortable developing relationships with industry leaders from the ground up and have a deep knowledge of technology investing as well as a strong understanding of the VC ecosystem
• Entrepreneurial: you are eager to engage in the venture and startup ecosystem and can quickly build credibility with founders
• Storyteller: you’re able to learn rapidly, develop a strong point of view, and communicate compelling narratives
• Data-driven: you have a strong analytical tool kit from strategy consulting, investment banking or a commercial or financial role in tech. You’re comfortable with financial models and concepts and can quickly assess the feasibility and scalability of a new venture idea
• Deeply curious: you have a strong desire to become an expert in a certain industry or business model. You love hunting down experts, listening to podcasts and reading anything you can get your hands on about the new topic
• Optional: Some startup operating experience

Compensation: compensation is market-competitive and will include upside in our fund and SPVs.

If interested, please apply here.