Struck Capital - Associate

Kill Busy Season Take

Why We Like This

‍$100 million evergreen crypto fund with notable investments in Mythical Games, Zero Hash, 1 Inch, Terra, Algorand and Reserve
Reports directly to Managing Partner with opportunity to accelerate into the partner role
In person or remote work environment with opportunity for carry

Summary & Business Model

Struck Capital Crypto is a $100mm evergreen fund that is associated with the broader Struck Capital group, which invests in seed stage software companies. There is collaboration between the seed fund and the crypto fund, but they are otherwise separate.

In just 4 years, Struck Capital Crypto has shown impressive returns with the average dollar invested in the fund in 2017 now being worth approximately $12.73.

Associate Role

Struck Capital Crypto is seeking an Associate that is looking for the opportunity to grow into a partner at the fund. The Associate will primarily be responsible for staying ahead of trends in the crypto and blockchain space and evaluating investment opportunities through financial due diligence.

Role highlights...

‍Create sourcing channels and evaluate investment opportunities
Manage relationships with crypto portfolio companies
Attend crypto related conferences, hackathons, interviews, and demo days

Comp expected @ $150k to $175k + Carry Discussion

* Comp figures, if included above, are estimates made by the KBS team using internal assumptions and conversations with the employer. Figures are dependent upon experience and subject to change.

The associate will help run Struck Capital's $100mm evergreen crypto fund, reporting directly to the Managing Partner. This role has a direct opportunity to grow into a fund leadership role. The ideal candidate will bring a desire to get hands-on training and experience sourcing and evaluating potential crypto deals (or direct experience sourcing and evaluating deals in a past role as an investor).

Create, conceptualize, build, and manage new sourcing channels for the team
Manage sourcing deals through various channels, including ones not currently used by the team itself
Assess prospective deals and potential investments in timely fashion (may develop frameworks for more extended diligence processes as well as quicker-cycle processes, as needed)
Setup expert network to analyze the technical specifications and team members of crypto-related businesses and products
Take polished notes during calls with potential investments
Attend all relevant conferences, side events, hackathons, interviews, demo days, and online public presentations about crypto and blockchain in general
Ensure firm is abreast of relevant news items, macro tailwinds, and other developments that occur in the crypto and blockchain space and aggregate that data for all pertinent circumstances
Develop presentations for the firm's use including firm quarterly investor update presentations and Crypto Fund overview materials
Manage ongoing relationships with our investments, staying up to date with latest developments on a weekly / monthly basis, codifying those updates, and leveraging our Platform offer as needed to add value to our portfolio companies based on those updates

Understanding of smart contracts, cryptocurrencies, tokenomics, and blockchain as a technology
Ability to intuit upcoming trends in the space
Ability to interface with founders and to build trust between team members and others in the Struck Capital ecosystem for fostering relationships
Extreme attention to detail and strong organizational skills
Competency in workplace tools including the Microsoft and Google suites of tools (i.e., PowerPoint/Slides, Excel/Sheets)
Preferred, but not required: Experience structuring and running deal sourcing and diligence processes autonomously