A couple of weeks ago we started to look for a new Associate or Investment Manager to join us at Creandum’s Stockholm office. So at the moment we are scanning the market for talent and taking meetings with potential candidates. Naturally, one of the most common questions we get is something along the lines of “What would I be doing?” or “What does a typical day look like?”. To give you all a better idea I summarized some highlights from my last Monday for you below – not a “typical” day per se but should give you some insight into what you would be doing working at Creandum.
08:30 – I get in to the office. I begin responding to emails that’s accumulated over the night. Primarily from entrepreneurs but also from other VCs and personal acquaintances. I schedule a few meetings for later in the week. One entrepreneur wants feedback after a pitch his team gave on Thursday. Tough one. I call them up and give them our feedback, interesting idea but very regional ambitions and therefore not the global winner we are looking for.
09:30– Walk over to a portfolio company who have their office just a few blocks away. I’ve been helping them building a week-by-week cash flow model as a support in their internal capex decision-making. We run through some scenarios and talk about how this translates into actions. Before I head back we go through a couple of CFO candidates we’ve identified for the company. A large part of the value we provide is being able to help startups with business and people issues, as hiring, firing, potential candidates, introductions to the right corporates, etc.
11:00 – Back at the office. I do some research on a company that showed up on one of my partner’s radar last week. Read up on their competitors’ products to see how well they stack up. Learning a lot. Space looks pretty crowded though and hard to tell how differentiated the company is. Reach out to my colleagues in Menlo Park, believe they have met similar companies there and get relevant feedback. Review my findings with my partners and agree this is a pass.
12:00 – Lunch meeting with a friend who’s working at one of the Nordic Buy-out funds. We’re in the process of evaluating investment bankers to assist two entrepreneurs of ours to possibly sell their company – and I want to get his input on what their experience is with some of them.
13:00 – Two back-to-back meetings with startups. One is a clear pass and the other one holds potential. Could this be the next big thing? Ask a colleague if he’s heard about them. “No, but I saw something similar last week”. Discussion drifts. Decide I will get back to the company with some more questions, then schedule a follow-up meeting in their offices with additional colleagues from my side.
15:00 – Monday meeting starts. This is a weekly institution attended by everyone at the firm unless you have a very good excuse. It’s early morning in Silicon Valley where a quarter of our team is based so starting at 15:00 Swedish time is a compromise everyone is ok with. Agenda is packed as usual. We discuss a potential term sheet recommendation, have companies in to present for the whole investment team, discuss deal flow and companies we should take meetings with, bring up potential issues and follow-up investments in our portfolio companies, talk about which events we should attend, etc. We wrap up by 19.00 and I head back home.
22:00 – I catch up on email and social media for about an hour before calling it a day.
If you’re interested in discussing the Investment Manager role at Creandum, please send me your resume by Friday 26 September, 2014 (Update: Position already filled)
On candidate profile, you probably have a few years of working experience in a startup or tech company, preferably combined with a couple of years at a consulting firm or investment bank. You have a university degree with focus on engineering or business and a strong academic track record. And most importantly, you’re an entrepreneur at heart and have strong social skills. Our job is to serve the best entrepreneurs out there.
Previous IM’s at Creandum have gone on to become partners of the firm, founded their own startups and joined management teams of portfolio companies.