Day: August 2, 2022

One night in Iceland


This post is by Om Malik from On my Om


On a rare windless late-night drive along one of the fjords in Iceland’s Westfjords, moody cloud cover and near-perfect reflections were great ingredients for a monochromatic landscape vista. Made with Lecia M11 using Leica 90mm f/2.8 Elmarit-M. ISO 800. Shutter speed 1/90th of a second. Aperture f/4.8.

August 2, 2022. San Francisco.

This photo was featured on Leica Camera’s social media feeds on August 1, 2022

2023 Venture Capital Investments Summer Analyst – StepStone Group



StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $570 billion of total capital allocations, including $134 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program. With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

The Team
StepStone Venture Capital is one of the largest venture capital investment firms in the world, currently managing almost $7 billion in assets across fund, direct and secondary investment strategies. The team has over 80 employees with offices in Baltimore, London, LaJolla and Palo Alto. We actively invest in venture capital partnerships, expansion stage venture/growth equity direct investments and secondary market positions through its fund products.

Role Profile
Summer Analysts will be responsible for supporting the activities of the investment team in analyzing, monitoring and researching both potential and existing fund and direct investments. Education is also a significant component of the program, as Summer Analysts will gain insight into the broader venture capital ecosystem through data-driven research projects, hands-on learning with the investment team and participation in weekly calls with the broader partnership.

Responsibilities

  • Performing quantitative analysis, including company, manager and performance modeling and valuation
  • Conducting company, manager and industry research
  • Participating in due diligence calls with company management teams and General (Read more...)

Deal Partner, Growth (Health) – Andreessen Horowitz



About the job

Founded in Silicon Valley in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz (known as “a16z”) is a venture capital firm that backs bold entrepreneurs building the future through technology. We are stage agnostic: We invest in seed to venture to late-stage technology companies, across bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $33.3B in assets under management across multiple funds.

We’ve established a team that is defined by respect for the entrepreneur and the company-building process; we know what it’s like to be in the founder’s shoes. We’ve invested in companies like Anduril, Cedar, Coinbase, Databricks, Figma, Fivetran, Flock Safety, Loom, Roblox, and Stripe. Our team is at the forefront of new technology, helping founders and their companies impact and change the world.

The Role

The a16z Growth Fund, which manages more than $10 billion in assets, invests in Health companies at the intersection of computer science and health care delivery, operations and finance. We are seeking an deal partner to help support the fund’s Health investing efforts. We work collaboratively with our colleagues on the a16z Bio+Health Fund, which is an early-stage vehicle focusing on the same Health-related companies.

To Join Our Team, You Should Be Excited To

  • Develop a sharp investment point of view on categories and companies. Why would we invest in a company? What creates the opportunity for an outsize return in a space? What market technology trends are creating disruptions and therefore (Read more...)

Controller – High Alpha



At High Alpha, we partner with exceptional founders to conceive, launch, and scale next-generation B2B SaaS companies through the application of business strategy, world-class design, and product development. We design new businesses from the ground up by providing the critical research, infrastructure, talent, and resources that companies need to innovate and scale quickly.

High Alpha is looking for a Controller to build and own the High Alpha accounting functions. You’ll be part of the team that works with High Alpha leadership to manage the company’s financial resources so we can create, launch and scale next-generation enterprise cloud companies.

What You’ll Do:

  • Manage monthly financial close and general accounting activities for the High Alpha operating company
  • Manage relationships with external auditors and tax advisors ensuring timely and accurate completion of deliverables
  • Partner with external Fund CFO to ensure accurate fund financials and oversee fund administration activities including capital calls, investments, and distributions
  • Monitor compliance with complex partnership agreements
  • Provide support for the budgeting and planning process; work with team on monthly forecast against budget including cash flow projections
  • Provide leadership regarding all technical accounting questions and updates
  • Maintain and manage equity including calculation & execution of distributions
  • Ensure adequate insurance coverage & lead financial risk management

What We’re Looking For:

  • You’re organized and demonstrate a high attention to detail and accuracy
  • You’re a self-starter who can put ideas into action
  • You love working with numbers and helping people
  • You have the ability to quickly shift from high-level strategic thinking to tactical (Read more...)

Maya Frai | Design-Centered Product


This post is by Greylock Partners from Greymatter


Greylock investor Maya Frai outlines her perspective on design-centered products, which she believes is the now overarching driver of innovation in several industries including commerce, social, saas, web3, and more. Based on her experience on product teams at Google, Facebook, and Rent the Runway, Maya believes technology that puts people at the center are often the most successful. You can read the essay that inspired this conversation here: https://greylock.com/greymatter/the-design-first-approach/

Within and tech M&A



Lina Khan, the head of the FTC, first became known for a law school paper arguing that US antitrust policy in recent decades has become far too narrowly focused on low consumer prices as the only test for harm, ignoring choice, competition and innovation, and that Amazon was an exemplar of this, since it uses its market power in ecommerce to push prices down, not up.

The paper was somewhat flawed by its unquestioning acceptance of the myth that Amazon sells a loss and is subsidised by investors, neither of which have been true for some 20 years, but the general analysis of US policy is perfectly valid, and while it wasn't really a new observation, the paper probably catalysed a shift in conversation about antitrust policy in the USA.

Of course, one could argue that this shift has also been driven by how much bigger leading tech companies have become in the last decade (simply because tech has become so much bigger), and how much more central to our lives (and politics) tech has become. There are plenty of US industries that look a lot less competitive than tech (meat-packing, for example), but tech is new and different and much more visible, and politically friendless. So it’s in the crosshairs, and Biden appointed Khan to the FTC with that mandate.

A second strand, meanwhile, is that this general shift in attitude towards companies with large market shares, particularly in tech, is accompanied by a new degree of attention paid (Read more...)

PlanetScale CEO on Cloud-Prem and Climbing the Engineering Ladder



Sam Lambert is CEO of PlanetScale, a MySQL-compatiable serverless database provider. Prior to joining PlanetScale (then as chief product officer), he was VP of engineering at GitHub. In this interview, Lambert discusses a number of topics related to cloud native software-delivery models, including what good serverless looks like, who should run Kubernetes, and the emergence... Read More

The post PlanetScale CEO on Cloud-Prem and Climbing the Engineering Ladder appeared first on Future.

Associate, Investment Team – Altos Ventures



About Altos Ventures

Founded in 1996, Altos Ventures is a venture capital firm based in Silicon Valley. Through patient and pragmatic investing, Altos partners with early to growth stage technology companies operating in consumer and enterprise sectors, with the goal of building durable and compounding businesses over decades. As a registered investment advisor (RIA) with the SEC, Altos has a uniquely flexiblelongterm, and concentrated approach to venture capital, typically partnering with companies at the Series A or B with the ability to meaningfully increase its investments over timeAltos invests globally with its headquarters in Menlo Park (soon moving to Burlingame) and operates its second office in Seoul, South Korea. The teahas partnered with close to 200 companies around the world over its quarter century history.

Associate – Investment Team

Altos Ventures is looking to hire an Associate to the investment team in our Silicon Valley office. This is a highly entrepreneurial role on a lean team that will offer in-depth exposure to the venture capital and technology industries. While we have a flexible office policy, we highly encourage our team to be local in the Bay Area. Core functions and responsibilities will include:

  • Identify and assess investment opportunities from start to end, including sourcing new ideas, building relationships with founders and entrepreneurs, conducting company and market due diligence, devising investment memos, presenting at investment committees, and arriving at investment decisions in collaboration with the broader investment team
  • Partner with (Read more...)