Investment Associate


San Francisco, CA, USA
Posted on March 25, 2024

The Production Board – Investment Associate

We are hiring an Investment Associate to join the team at The Production Board!

About The Production Board

TPB works to Reimagine Earth by investing in life science businesses at the Seed and Series A stage. 

TPB takes a science-led and thesis-driven approach to investing. We invest in founders who are ambitious enough to create or transform large markets by “connecting the dots”, from science and engineering breakthroughs to end-markets and talent. Backed by Alphabet, Allen & Company, Cascade, Blackrock and others, TPB has invested more than $400 million since its founding in 2017.  

About the Role

As our Investment Associate, you’ll be working closely with our partners to conduct due diligence, build and support early stage companies.

You’ll work closely with the Partners driving our investment process, create companies, and most importantly, work closely with founders to build their businesses from the earliest stages to commercial scale. 

We love novel platforms and like to invest early across sectors, markets and technologies. Within life sciences, investment areas include novel therapeutic modalities and diagnostics platforms, and innovative tools and businesses.

Role Responsibilities

    • Investment Analysis: Support TPB’s partners in Seed/Series A investment evaluation and execution. This includes market and competitive analysis, technical diligence coordination, due diligence execution (customer, founder references), and financial analysis (cap table, TAM, operating models).
  • Investment Execution: Manage an efficient investment pipeline, founder outreach, timely execution of term sheets, and closing financings. 
  • Building New Theses: Assist GPs in identifying and analyzing new investment areas through market mapping, competitive analysis, open source and private data analysis, and technical/scientific discovery.
  • Opportunity Tracking & Reporting: Manage our opportunity pipeline and handle quarterly data collection/documentation for portfolio reviews, board decks, and LP communications.
  • Post-Investment Value-Add: Work closely with founders on strategic and analytical projects (financial, operational, product) to advance TPB companies towards their next business milestone.

About You

  • Organized and Outcome-Oriented: You have a knack for creating clarity out of complexity. You analyze investments and build investment-related analyses and systems that drive efficiency and velocity in due diligence and investing decisions. 
  • Deeply Analytical: You employ an investor’s lens to identify the key assumptions that drive a business. Your approach integrates both qualitative and quantitative data from the company and your own due diligence.
  • Project management: You have managed big, complicated, high stakes deal processes without high levels of stakeholder input. You are capable of autonomous execution within boundaries of guidance.
  • Financial Acumen: You have a solid track record in leading and supporting significant financial transactions, including fundraising, venture investments, commercial partnerships and M&A.
  • Written Communication: Your approach to analysis is not just about depth but also about effectively communicating complex ideas with exceptional clarity and succinctness.
  • Science & Engineering Depth: You excel in conducting due diligence on scientific-driven startups, and discerning the key variables that transform science into viable products and successful businesses.
  • Curious and Adaptable: Your curiosity drives you to continuously research and investigate new technologies and their applications. You are wedded to building businesses using first principles, not a particular sector.

Your Experience

  • Required: 3+ years of work experience in management consulting, banking or similar field where quantitative analysis, market research due diligence and valuations are already part of your toolkit.
  • Required: Technical engineering, life sciences, quantitative undergrad; advanced technical degree a plus.
  • Required: Local to the SF Bay Area and culturally steeped in Bay Area startup and venture capital. 
  • Preferred: Prior experience at a venture capital fund focused on the life sciences

The Production Board is committed to building an inclusive workplace and diverse teams, and we welcome interest from individuals of all backgrounds.

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