What are the responsibilities and job description for the Managing Director - Wix Ventures (West Coast) position at Wix?
Job Description
We are running a lean and agile team reporting directly to our VP- Corporate Development. The Managing Director will play a key role in expanding our network in the local startup ecosystem. This individual will be responsible for generating deal flow, evaluating early-stage investment opportunities, and fostering relationships with later-stage companies, investors, and other key stakeholders.
Deal Sourcing & Investment Analysis
Identify, evaluate, and engage with promising early-stage startups that align with our investment thesis.
Develop and maintain a strong pipeline of investment opportunities.
Conduct market research, competitive analysis, and due diligence on potential investments.
Work closely with internal teams to assess strategic fit and financial potential of target companies.
Work in collaboration with the corp dev team and provide local help in M&A activities
Ecosystem Engagement & Relationship Building
Act as the company’s local representative in the startup and investor community.
Build and maintain relationships with VC firms, accelerators, founders, other CVCs and industry leaders.
Identify and engage with later-stage companies for potential strategic partnerships.
Attend industry conferences, pitch events, and networking opportunities to enhance our presence.
Strategic Insights & Reporting
Provide regular reports on local market trends, competitive landscape, and investment opportunities.
Offer insights on emerging technologies and business models relevant to our investment focus.
Collaborate with the broader investment team to align local efforts with global strategy.
At this time we are seeking West Coast-Based candidates who are willing and able to travel at minimum of 3 weeks a quarter
Qualifications
5-8 years of experience in Venture Capital, Corporate Venture Capital, or Startup Investments
Prior experience in early-stage investing and working with founders
Strong network within the startup and VC ecosystem, in the U.S. West Coast
Ability to identify and assess startups with high growth potential
Solid understanding of financial modeling, due diligence, and investment structuring
Excellent communication and relationship-building skills
Ability to work independently and travel often
Additional Information
We are a dynamic Corporate Venture Capital (CVC) fund investing in cutting-edge startups and fostering strategic relationships with later-stage companies in collaboration with the corp dev team. Our mission is to stay ahead of market trends by identifying high-potential early-stage companies and map the landscape of established businesses for potential strategic collaborations.
To strengthen our presence in the West Coast, we are seeking an Investment Manager who will be our eyes and ears on the ground, sourcing deals, building relationships, and providing deep market insights.
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The approximate base compensation is $190,000 - 220,000. In addition to base pay you will receive company RSUs as part of the compensation package.
Final offer may vary and will be determined by various factors including location the role is expected to be performed, shift, candidate profile and ideal qualifications. IIn addition to a competitive compensation package and opportunities for professional growth, Wix offers comprehensive benefits to support the well-being and financial security of our employees.
You can read more about our comprehensive benefits package here
Salary : $190,000 - $220,000
