The Principal will lead sourcing and due diligence for early-stage private company investment opportunities and manage all stages of the investment process, from initial contact through execution. The Principal will interface with internal and external ecosystem partners to identify and evaluate potential investments, conduct in-depth due diligence on both the scientific and business merits of select deals, and develop investment recommendations. The Principal will also provide guidance and mentorship to Associates and Senior Associates supporting deal execution, and will contribute to evolving BrightEdge's investment strategy based on insights from curated deal flow and the broader investment landscape. The role requires a high level of self-motivation, sound independent judgment, and a meaningful level of responsibility from the outset.
***This position is a remote role, open anywhere throughout the United States. Experience in digital health tech field is preferred.***
ESSENTIAL FUNCTIONS:- Lead the end-to-end investment process for prospective portfolio companies across therapeutics, diagnostics, and healthcare technologies, from sourcing through close, including due diligence, financial modeling, and development of investment recommendations. (25%)
- Lead drafting and delivery of investment memos summarizing the investment thesis, risk profile, and recommendation; present directly to the BrightEdge team and Investment Committee, and participate directly in Investment Committee discussions. (15%)
- Manage and oversee ongoing portfolio company relationships, including board observer responsibilities where applicable, quarterly and annual reporting, and monitoring of company performance, strategy, and market developments. (15%)
- Develop and champion investment views and proactive investment theses based on innovation trends and in-depth understanding of patient-centric unmet needs; represent BrightEdge at scientific and medical conferences (e.g. AACR, ASCO, etc.) to identify emerging investment opportunities. (10%)
- Provide guidance, mentorship, and quality review to Associates and Senior Associates supporting due diligence, financial modeling, and deal execution; contribute to their professional development. (10%)
- Lead sourcing of investment opportunities and management of co-investor, venture partner, and ecosystem relationships to drive high-quality deal flow aligned with BrightEdge's investment strategy. (10%)
- Support innovation and venture development initiatives, including review of BrightEdge Innovation program applicants and advising selected participants on scientific and fundraising strategy; engage ecosystem stakeholders across ACS researchers, research institutions, and advisory networks. (10%)
- Contribute to firm-building initiatives, including investor engagement, fundraising support, and development of external relationships. (5%)
EXPERIENCE/QUALIFICATIONS:- Minimum Degree Required: Bachelor's degree required; advanced degree (PhD, MD, MPH, MBA, or related field) or equivalent experience preferred.
- Preferred Degree: Advanced degree or equivalent experience in health tech, digital health, life sciences, or a related field; PhD or MD a plus but not required.
- Certificate(s) or License(s):
- Years of experience: At least 8 years of experience in venture capital and innovation (business development, external innovation, strategy consulting) in the biomedical/healthcare, health tech, or digital health industry (or equivalent), with a demonstrated investment/deal track record.
- Driver's License Requirement(s) [Included only if driving is part of the job duties]:
- Vaccine Requirement(s) [Included only if vaccinations are required for the role]:
KNOWLEDGE, SKILLS, AND ABILITY:- Strong background in health tech, digital health, and/or life sciences investing, with the ability to evaluate scientific, technical, and commercial merit across a range of cancer-focused innovation
- Proven investment experience in the biomedical/healthcare, health tech, or digital health industry, with demonstrated ability to lead deals from sourcing through close
- Experience with and/or strong desire to learn the specifics of impact investing and venture philanthropy
- Motivated by impacting the lives of patients through healthcare innovation
- Builds networks - Effectively builds formal and informal relationship networks inside and outside the organization.
- Cultivates innovation - Creates new and better ways for the organization to be successful.
- Optimizes work processes - Knows the most effective and efficient processes to get things done, with a focus on continuous improvement. Analytical/evaluative thinker.
- Strong oral and written communication skills. Excellent attention to detail
- Demonstrated ability to lead, mentor, and develop junior investment professionals (Associates and Senior Associates)
TRAVEL REQUIREMENTS:- Capacity to travel up to 25%. Regular travel to onsite meetings in Boston, MA required.
PHYSICAL REQUIREMENTS:The starting rate is $175,000 to $200,000 annual. The final candidate's relevant experience/skills will be considered before an offer is extended. Actual starting pay will vary based on non-discriminatory factors including, but not limited to, geographic location, experience, skills, specialty, and education.
ACS provides staff a generous paid time off policy; medical, dental, retirement benefits, wellness programs, and professional development programs to enhance staff skills. Further details on our benefits can be found on our careers site at: jobs.cancer.org/benefits.
