Why should I apply to be a Summer Associate at Teamworthy Ventures?
The best reason is that you enjoy anticipating ways to help others flourish and thrive in their work. You should enjoy reading, writing, and speaking with others about their ideas, projects, opportunities, and challenges. You should be interested in pursuing personal and team excellence in the work described below.
What does Teamworthy Ventures do?
We invest in great teams and we strive to be worthy partners. We seek to develop long-term relationships with talented and trustworthy entrepreneurs and teams, and we invest in their ventures at the seed, early, or growth stage. We invest in outstanding consumer and enterprise software and software-enabled services businesses in the following sectors: Marketplaces and E-Commerce, Vertical SaaS, SMB SaaS, Information Services, Edtech, Fintech, Sports Tech, Developer Tools and APIs, Marketing Tech and Adtech, Imaging and Sensor Networks, Health IT, and Travel Tech. A sample of the seed, early, and growth stage companies that Teamworthy Ventures and principals have invested in and supported include: SeatGeek, RaiseMe, Boxed, Ibotta, Toast, MealPal, Capsule, Weave, Teamworks, Virtru, Slice, AirMap, 7Shifts, G2, Privacy.com, Reliable Robotics, RoadSync, Clarity Money, MM.LaFleur, Quartzy, Vemo Education, among others.
What do you want Teamworthy Ventures to add to the world?
We stand at the crossroads where people, ideas, and capital encounter each other. We start with our customers (our entrepreneurs and their teams) and work backwards, committing ourselves as servant-leaders with the spirit of a true partnership. We strive to be worthy partners by connecting promising entrepreneurs to our network of other successful entrepreneurs and partners to help them build innovative companies of purpose, value, and integrity. We assist our entrepreneurs with helpful introductions to new customers, partners, and team members. Helpful and high-integrity investors help companies raise the standard of living in their community, country, and the world.
What qualifications should I have?
You should be a current junior in college with a strong academic record, demonstrated leadership experience, a high aptitude and enthusiasm for qualitative and quantitative information, and a servant-leader disposition towards your classmates, teammates, colleagues, and mentors.
Do I need to have studied economics or finance or have advanced skills in math?
No. We want to work with people of integrity who are smart and curious. In the past, our Summer Associates have majored in History, Philosophy, Biomedical Engineering, Classics, and more. Our partners have degrees in history, medicine, and law.
What will I be doing as a Summer Associate at Teamworthy Ventures?
We pair each of our Summer Associates with one of our Partners so you have an opportunity to develop faster into successful venture investors. After intense on-boarding and training during your first two weeks with us, you will start to attend company visits and participate in our internal investment and portfolio meetings. Unlike other internships, you will NOT be given boring busy work. You will be contributing immediately as a valued member of our team. As you quickly develop your abilities as an investor, you will be responsible for developing new investment opportunities, building new relationships with entrepreneurs, and conducting due diligence on companies under consideration by our team. Before, during, and after our investment in a business, you will assist our team in providing support to portfolio company management teams with a special focus on introducing them to new customers, partners, and team members.
Throughout the summer you will complete our weekly reading curriculum, explore new investment themes, and propose potential investment ideas to our partners. You will also complete small projects for our portfolio companies to better understand their day to day work. You will meet other professional investors and learn from their career experience. You will also begin to develop a network of peer investors.
Summer Associates are typically located in New York City but we have also welcomed remote interns in the past. Our Summer Associates typically join us for 10 weeks during the summer as we evaluate together your potential to join our team full-time after you graduate. Our full-time Associates will generally work for two years with us before becoming Principals at the firm or pursuing other opportunities in investing, entrepreneurship, or further education. Once we hire you, your development matters to us. Our business works better and is more fun if everyone is constantly getting better at what they do and suggests ways we can get better together.
A note on your future
The great American entrepreneur Sam Walton (founder of Walmart) often said that his secret advantage was the humility to learn from anyone — store employees, executives, competitors, etc. We consider it a privilege to work with and learn from the best entrepreneurs, whether they are found inside or outside our firm!
You will be facing a big decision on how to invest your time and gifts after graduation. We recognize that our Associates possess and develop unique talents and interests. You may decide in a few years that you have entrepreneurial aspirations that exceed even the wide scope our Associate role offers for helping our companies and pursuing great entrepreneurial teams. At that time, our partners would welcome an opportunity to help you build your own venture.
Our previous Summer Associates have attended Yale, Harvard, Princeton, Stanford, Penn, UVA. Brian Cashin and Danny Edman, our current full-time Associates, joined us after completing a Summer Associate internship with us and graduating from Yale and Penn.
Our Application Process
After we receive your brief application including your resume/CV, our team will review your resume. If there is a potential fit, one of our partners will follow up with you directly with additional questions to help us learn more about you and your interest in our work. The next step is a Zoom video interview with one of our partners, followed by additional Zoom video interviews with our partners and investment team. Your interview process may include a brief investment research project to help us discern together your interest and ability to contribute to the work of our investment team.