iFly.vc was launched in late 2016 in the San Francisco Bay Area and will soon start operation in Austin, TX. As a research-driven seed-stage VC firm, iFly.vc invests in outperformers that accelerate the trillion-dollar shift in consumer spending in North America. iFly embraces investment opportunities in spaces that may appear unglamorous but still carry tremendous growth potential. In particular, the fund seeks technology-enabled transformative opportunities across the value chain of traditional industries with the initial focus on commerce (including but not limited to e-commerce, retail, consumer products, supply chain, and logistics). Since its inception, the firm has constructed a concentrated portfolio so that each iFly team member is dedicated to providing impactful value-add to our founders. According to Cambridge Associates’ benchmark data, iFly Fund I’s performance (TVPI > 15x, based on mark-to-market) is rated top-tier among the 2016 vintage VC funds. In 2020, iFly launched Fund II and has made several investments as the lead.
In 2021, we aim to expand the investment team and seek to bring in additional investment professionals from the Analyst to the Senior Associate level. The position(s) will be expected to cover the following responsibilities at various degrees:
– Develop investment theses
– Assess investment opportunities
– Conduct due diligence
– Assist entrepreneurs in the portfolio
– Manage internal process and external network
Building a start-up fund is just like building a startup. We view it as a shared journey for everyone involved and aspire to grow together. There is no glass ceiling for career advancement. Everyone on the team has access to the carried interest.
The ideal candidate for the Associate or above level must have relevant experiences in management consulting, venture capital, investment banking, product management, and/or operations. Full-time work experience is not required for the Analyst position.
The list of qualifications can certainly look like the following:
– Self-starter, fast learner, team player
– Excellent interpersonal, verbal, and written communication skills
– Proficiency in PowerPoint and Excel and VC vocabulary
– Strong attention to details and ability to set and manage deadlines
– MBA is not required, but business acumen is
– Prior investment experience is not required
The list can go on and on but above all, we like to work with people for their attitude and aptitude, not the profile on paper. We want to work with people with whom we can build a long-term partnership. If interested, please apply by sending your resumes to info@iFly.vc.