Uncubed

Venture Partner, Investment Management

Omidyar Network, Redwood City, CA

A WORLD OF POSITIVE RETURNS


Venture Partner

Investment Management Team

Pierre Omidyar, the founder of eBay, and his wife, Pam, established Omidyar Network (ON) based on the belief that every person has the potential to make a difference. We make venture capital investments and grants to innovative organizations that create opportunities for individuals.

The firm invests across 5 key initiatives: Education, Emerging Technology, Financial Inclusion, Governance and Citizen Engagement, and Property Rights. In addition, ON has begun investing across the following new domains: Digital Identification, Technology & Society and Energy Access. This role will have the opportunity to work closely with investment leads across each initiative with the goal of maximizing both social and financial impact for all for-profit and non-profit investments.

Investment management serves an instrumental role within ON. The group is responsible for all investments and grants issued by the Company and to that end, has a unique perspective across our five investment sectors, current portfolio and prospective opportunities. The IM team leverages its deep investment and industry experience to provide active guidance to investment professionals. In parallel, the team is responsible for holding the firm accountable to achieve its impact and return targets through its role in Investment Committee decisions, portfolio monitoring and board governance feedback. In addition to its investment oversight and advisory roles, the IM team leads our experimental investment efforts. There are very few roles at an investment firm that provide such investment and analytical depth and breadth.

POSITION SUMMARY:

This position will be based in Redwood City and is responsible for advising ON’s global investment team. In addition to driving key firm-wide deliverables and board reports on portfolio analysis and key investment trends, this individual will be responsible for the oversight across all ON investments and grants. This individual will work closely with our legal team, finance department and our investment initiatives to ensure optimal investment decisions, thoughtful portfolio management / governance and strategic exit engagements.

Success in this role means the following:

  • Ensuring that the Investment Management function runs efficiently and effectively to ensure that ON makes well-considered, high-quality investment decisions

  • Detailed review and input on large and complex transactions and portfolio material events

  • Building out the portfolio management capabilities

  • Being a thought partner to the initiative investment professionals and ensuring a high level of professional proficiency across the investment teams

Responsibilities include:

  • Supporting the pipeline of investment opportunities

  • Evaluating proposed investments

  • Driving the investment decision-making process

  • Facilitating the negotiation, closing and funding of new investments

  • Assessing and managing the firm’s investment portfolio

  • Setting standards for all aspects of the firm’s investment functions

  • Providing direction and mentorship for the investment team

  • Reporting on the firm’s investment activities

  • Training the firm’s investment professionals

  • Spearheading select experimental investments

  • Contributing to the firm's overall success

Desired Skills and Experience:

  • 15+ years of business experience, with 5+ years in one or more roles managing an investment process (in a private equity, venture capital or other investment firm); in addition, some operational experience in a company or nonprofit is desirable
  • Strong process skills – ability to evaluate and manage large volume of transactions

  • Deep strategic and analytical skills – ability to evaluate proposed investments from multiple

    perspectives (strategic fit, market opportunity, impact potential, operational capability, business model, financial performance and valuation)

  • Appreciation of analytical rigor and clarity

  • Sharp communication skills – excellence in writing and presenting

  • Strong interpersonal skills – ability to work collaboratively with global colleagues

  • Solid knowledge of investment execution – experience in all phases of investment execution (sourcing, analyzing, negotiating, documenting and closing)

  • MBA or equivalent desired; JD degree useful

  • Prior demonstrated interest in creating positive social impact desirable

  • High level of comfort with ambiguity and working in a dynamic, rapidly evolving organization

About Omidyar Network

WHO WE ARE At Omidyar Network, we start from a fundamental belief: People are inherently capable, but they often lack opportunity. We believe if we invest in people, through opportunity, they will create positive returns for themselves, their families, and the world at large. We also believe that businesses can be a powerful force for good. Pierre Omidyar experienced this firsthand as the founder of eBay. Just as eBay created the opportunity for millions of people to start their own businesses, we believe market forces can be a potent driver for positive social change. That’s why we invest in both for-profit businesses and nonprofit organizations, whose complementary roles can advance entire sectors. Starting from the premise that people are basically good, Pierre created a platform that gave everyone equal access to information, opportunity, and the tools to pursue their goals. Omidyar Network invests in entrepreneurs who share our commitment to advancing social good at the pace and scale the world needs today. We are focused on five key areas we believe are building blocks for prosperous, stable, and open societies: Education, Emerging Tech, Financial Inclusion, Governance & Citizen Engagement, and Property Rights. We take calculated risks in the earliest stages of innovation, helping to transform promising ideas into successful ventures. As an active impact investor, we offer more than just financial support. We provide vital human capital capabilities, from serving on boards to consulting on strategy, coaching executives to recruiting new talent. We connect promising investees to entrepreneurial visionaries with business know-how. We also leverage the tremendous capacity of Web and mobile technologies to go beyond incremental improvement and make a significant, widespread impact. Understanding the scale and importance of this work, we don’t undertake the challenge alone. The most powerful force for change lies in our connection with others: business, government, nonprofits, and individual partners. Together, we can use our resources to transform scarcity into abundance and put enduring opportunity within reach of more people worldwide.

Want to learn more about Omidyar Network? Visit Omidyar Network's website.