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Why Necessary Ventures: Interviews, Careers, & Portfolio

Decide if Necessary Ventures is right for you as we uncover their hiring process & sector focus
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    Necessary Ventures Overview

    Necessary Ventures, founded in 2020 by Neil Devani, is a venture capital firm headquartered in San Francisco, California.

    The firm is dedicated to investing in companies that address essential needs across a variety of sectors including climate, healthcare, fintech, education, agriculture, and food.

    Necessary Ventures predominantly invests at the pre-seed stage, taking on roles as both lead and non-lead investors. In addition, they participate as non-lead investors in rounds from seed to pre-IPO.

    The firm’s investment philosophy centers on identifying and supporting scalable solutions that the world genuinely needs. By collaborating closely with founders, Necessary Ventures aims to build impactful and sustainable businesses.

    Necessary Ventures logo

    Necessary Ventures AUM

    Currently, there is no publicly available information on the assets under management by Necessary Ventures.

    Necessary Ventures Interview Process & Questions

    Firms often modify their interview procedures for each candidate. However, if you’re preparing for an interview at Necessary Ventures or a similar firm, here’s what you can generally anticipate:

    Typically, there are around 4-6 interview rounds, led initially by junior investment professionals or the HR team, with senior team members conducting later stages. The entire process usually spans several weeks, unless it’s “on-cycle” or “on-campus” recruiting.

    Interviews at Necessary Ventures typically combine fit, behavioral, and technical or investing-related questions.

    If you need help preparing for such interviews, please check out my Growth Equity Interview Guide.

    Why Necessary Ventures

    “Why this firm?”’ is both a common and pivotal question in interviews.

    If you’ve networked within the company, it’s a great opportunity to highlight any positive interactions with individuals there.

    It’s also important to thoroughly research the firm beforehand. Listening to interviews with its founders or investors can offer valuable insights into its culture and strategic priorities.

    As a starting point, here’s an interview with Neil Devani, Founder and Managing Partner of Necessary Ventures:

    YouTube video

    Necessary Ventures Case Study

    Interviews typically include a case study to evaluate your technical expertise and communication skills.

    At firms such as Necessary Ventures, case studies often center around financial modeling and investment recommendations. For junior roles, there may also be a case study involving cold calling.

    If you’re preparing for case studies, consider checking out my course: Growth Equity Interview Guide.

    Necessary Ventures Salary & Compensation

    According to Glassdoor, investing interns at Necessary Ventures have a median salary of $44K per year, while there is no recent salary data for investment analysts and associates. Keep in mind that the salary mentioned can still change depending on several factors such as experience and education.

    Investing Intern

    Necessary Ventures salary

    Necessary Ventures Careers, Jobs, & Internships

    To see open roles at Necessary Ventures, check out our job board which features all open roles for them and other similar firms

    Necessary Ventures Portfolio & Investments

    According to Crunchbase, Necessary Ventures has made 34 investments. Some of their notable deals include Readout AI, Magrathea, and Mooch.

    Notable Transaction: Plural Energy

    Plural Energy simplifies green energy investments through a user-friendly blockchain platform. Their goal is to make investing in clean energy accessible to everyone, from large fund managers to individual savers.

    On May 30, 2024, Plural Energy secured $2.33 million in early funding. Necessary Ventures and Compound led this round, with contributions from Volt Capital and Maven11.

    The funding will help Plural Energy expand its operations and develop its services further to support global climate goals for 2030.

    Next Steps

    If you decide to apply at Necessary Ventures, I’d suggest you check out my Growth Equity Interview Guide first before showing up at interviews.

    Growth Equity Interview Guide helps aspiring professional investors get a good grasp of topics that interviewers often ask such as financial modeling, case studies, and more.

    Check it out and start learning today!

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    Mike Hinckley

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