Venture Capital Analyst

About the Role

DRW Venture Capital invests privately in financial technology and enterprise technology businesses. The team seeks out companies where DRW can contribute more than capital — including acting as a customer, providing liquidity, evaluating new products, and offering deep sector expertise. The fund takes a stage-agnostic approach to venture capital and growth equity, concentrating on companies in fintech and capital markets. Its portfolio includes 35 companies such as Crusoe, Kraken, Alpaca, and TradingView.

This Analyst or Associate position offers broad exposure to the full private investing process. The role calls for strong quantitative ability and a high level of self-drive. You will help assess new investment opportunities, track portfolio performance, and work closely with senior leaders at portfolio companies as well as co-investors.

What You’ll Gain

• Work alongside entrepreneurial teammates who have spent more than 25 years building and innovating across technology and financial markets.
• Contribute to a well-established platform that uses DRW’s market presence and technology leadership to identify opportunities and create value for portfolio companies.
• Build and strengthen core investing capabilities while taking on increasing responsibility over time.

Key Responsibilities

• Maintain the inbound deal pipeline from co-investors, founders, and DRW team members, while also developing outbound prospects through research, conferences, and networking.
• Draft and present investment memoranda and pitch decks for both new investments and follow-on rounds, using market research and fundamental analysis.
• Create valuation models for active and prospective opportunities, including DCF, public and private comparables, and transaction analysis.
• Support deal terms work, including structuring discussions and review of term sheets.
• Help portfolio companies with strategic projects such as corporate planning, M&A review, evaluation of new business lines, and other initiatives as needed.
• Track portfolio companies through ongoing valuation updates, cap table and waterfall analysis, and performance monitoring.
• Stay current on industry developments by regularly reading, researching, and synthesizing new information for the team.

Candidate Profile

• 1 to 4 years of experience in venture capital, growth equity, or private equity; the Analyst or Associate level will be aligned to experience.
• Extra background in investment banking, consulting, corporate strategy, or another finance-related function is preferred.
• A bachelor’s degree in finance, business, or a related discipline.
• Hands-on exposure to valuation modeling such as LBOs, liquidation waterfalls, cap tables, and DCF, along with strong Excel skills.
• Genuine enthusiasm for investing and assessing opportunities from both quantitative and qualitative perspectives.
• Strong curiosity about business models and how companies generate revenue.
• Excellent attention to detail, a sense of urgency, and strong self-motivation.
• Interest in fintech investing and exposure to areas such as cryptocurrency, trading platforms, data businesses, and technology companies.
• Strong communication and relationship-building abilities.

Compensation and Benefits

The annual base salary for this role is between $130,000 and $160,000, depending on experience, qualifications, and relevant skills. The role is also eligible for an annual discretionary bonus.

DRW provides a comprehensive benefits package that includes group medical, pharmacy, dental, and vision insurance, a 401(k) with discretionary employer match, short- and long-term disability coverage, life and AD&D insurance, health savings accounts, and flexible spending accounts.

Additional Information

Location: Chicago, IL. Employment type: full-time, onsite.

Privacy notices apply to applicants’ data processing and are available through DRW’s privacy notice and California privacy notice.