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Favcy

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4.5

based on 14 Reviews

3 Favcy Jobs

Venture Scout

Favcy

4.5

based on 14 Reviews

0-3 years

New Delhi

1 vacancy

Venture Scout

Favcy

posted 15hr ago

Job Role Insights

Fixed timing

Key skills for the job

Analytical Chemistry Management Skills Leadership Skills Presentation Skills Interpersonal Skills

Job Description

The Venture Scout will play a critical role in identifying promising startups that are seeking to raise funds and aligning them with our investment criteria

The ideal candidate will have a keen eye for high-growth potential startups, a strong network within the startup ecosystem, and the ability to assess eligibility for our funding programs

Additionally, the Venture Scout will be incentivized based on the scale and success of the fundraising efforts they facilitate

Responsibilities:

Identify Startups: Scout for startups across various industries that are looking to raise funds

Build relationships with startup founders, accelerators, incubators, and other ecosystem players to continuously discover new leads

Assess Eligibility: Screen potential leads to ensure they meet the investment criteria set by Favcy Capital

This includes evaluating business models, growth prospects, market potential, and financial needs

Matchmaking: Match startups with the appropriate funding options based on their needs (2 crore to 4 crore, or more than 5 crore)

Engage and Build Relationships: Establish and maintain strong relationships with startup founders and their teams to gain an understanding of their fundraising needs and offer guidance throughout the process

Fundraising Contribution: In cases where the venture scout plays a role in the fundraising process, actively participate in key activities such as preparing pitch materials, facilitating investor introductions, and assisting with negotiations

Reporting: Provide regular updates to the Favcy Capital team on the status of leads, including progress in assessments, matchmaking, and fundraising efforts

Requirements:

Proven experience in venture scouting, startup fundraising, or a related field

Strong network in the startup ecosystem, including founders, investors, and accelerators

Knowledge of the investment landscape and fundraising processes

Excellent communication and interpersonal skills, with the ability to build rapport with startup teams and investors

A self-starter with a proactive approach to sourcing leads and closing deals

Experience or familiarity with financials, business models, and market analysis

Compensation Structure:

For Startups Raising Between 2 Crore to 4 Crore:

Retainer Fee: INR 1.5 Lakh per successful lead

Incentive: 5% of the retainer amount (INR 7,500) for each successful lead

Fundraising Contribution: 5% of the 4% success fee charged for any deals the venture scout actively contributes to

For Startups Raising More Than 5 Crore:

Retainer Fee: INR 1 Lakh per successful lead

Incentive: 10% of the retainer fee (INR 10,000) for each successful lead

Fundraising Contribution: 10% of the 4% success fee charged for any deals the venture scout actively contributes to

Performance Expectations:

Lead Generation: At least 4 to 5 startup leads per month that meet the fundraising criteria

Conversion Rate: A successful conversion rate of at least 30% from lead generation to active fundraising

Fundraising Support: Actively contribute to the fundraising process when required to maximize compensation and success

Why Join Us:

At Favcy Capital, youll be part of an innovative and fast-paced team where youll have the opportunity to work with cutting-edge startups and help shape their funding journeys

This role offers the potential for high earning through performance-based incentives and the satisfaction of making a tangible impact in the startup ecosystem

Employment Type: Full Time, Permanent

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