Investment Associate – Application Software (New York or Bay Area)

WHO WE ARE:

Founded in 1995, TCV was established with a clear vision: to seize opportunities in the technology market through a specialized and consistent focus on investing in high-growth companies that impact consumers’ and businesses’ everyday lives. Since inception, the firm has built a track record of backing private and public businesses that have developed into category-defining players. TCV is a flexible, long-term-oriented partner that strives to be the hardest working, most-value-add investor for each of its portfolio companies.

TCV has raised over $25 billion across twelve funds, partnered with companies across more than 350 investments and has helped guide CEOs through more than 150 IPOs and strategic acquisitions and has offices in Menlo Park, New York, and London.

Over time and market cycles, TCV’s principles of thematic investing, emphasis on quality and growth, and relentless focus on partnering with market leaders has remained steadfast. The firm is laser-focused on empowering mission-driven teams to build and scale companies that delight consumers and businesses around the world.

Representative investments include: Airbnb, Clio, GitLab, Netflix, Spotify, Toast, Relex, Avetta, Nubank, GoFundMe, Instacart, Payoneer, Twilio, Zero, Revolut, ByteDance.

WHAT WE SEEK:

We are looking for an Associate to join our Application Software investment team based in New York or the Bay Area. As an Associate, you will play a critical role in all aspects of the investment process including sourcing, diligence, execution, and portfolio management. Our Associate Program runs for three years.

Our team is looking for a balance of hustle, high intellectual / analytical rigor, strong EQ and team orientation, independent thinking, and a true passion for technology and growth investing. We want someone who will thrive in a lean organization, operating in a fast-moving, entrepreneurial environment.

WHAT YOU’LL DO (ROLE & RESPONSIBILITIES):

Evaluation

• Evaluating investment opportunities and conducting due diligence, including, market/customer research, business analysis, financials/modeling, expert calls, memos, etc.
• Our investment teams are lean, so the Associate role runs a core part of our diligence process

Thematic Investment Origination

• Identify sectors and/or themes of coverage and originate targeted investment opportunities in that context based on research on markets and companies
• Interact with CEOs and senior executives to build relationships, diligence their companies and assess their needs, and determine the potential for a TCV partnership
• We are competitive to drive the best results and strive to win as a team. Our team works together to help each other identify the best opportunities and we work in a flat and collaborative environment

Portfolio Management / Other

• General support of the firm’s investment activities, including participation at management and board meetings, and monitoring and partnering on growth initiatives with portfolio companies

WHAT YOU BRING (EXPERIENCE & QUALIFICATIONS):

Experience:

• Between 1 – 4 years experience at an investment bank, strategy consulting firm, other investment fund, or other relevant firm at the time of start
• Bachelor’s degree or foreign equivalent

Skills & Competencies:

• Hunger and tenacity; relentless in working past obstacles to achieve extraordinary results, habit of taking initiative to make things happen
• Passionate and intellectually curious about tech and growth investing – excited to go deep and pursue big ideas, open-minded and looking to grow and learn constantly
• Strong understanding of business fundamentals; ability to identify key questions about a potential investment and gain understanding of products, competitive differentiation, category creation, revenue opportunities, growth stages, management teams, etc.
• Critical thinking: ability to synthesize information into the right topics, and to discuss pros/cons with intellectual honesty and humility
• Strong technical skills and modeling ability; capable of doing analyses thoroughly, accurately, and with speed; use data to pressure test hypotheses

COMPENSATION AND BENEFITS:

TCV offers a positive, team-oriented culture and a competitive compensation package. The salary range for this role takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; and other business and organizational needs. A reasonable estimate of the current salary range is $150,000-165,000. A discretionary annual performance bonus is subject to the rules governing the program, whereby an award, if any, depends on various factors, including individual and firm performance.

TCV also offers generous benefits to support employees, paying 100% of the premiums on group health, dental, vision, long-term disability, AD&D and life insurance coverages. In addition, TCV offers its employees the opportunity to invest in a 401(k) plan and receive an annual profit-sharing contribution.