Principal, National Grid Partners (Venture Capital)

National Grid is seeking a Principal for its venture capital arm, National Grid Partners, in Menlo Park, CA. The role involves identifying and managing investments in technology startups, supporting investment strategies, and conducting due diligence. The Principal will engage with the venture capital community and contribute to thought leadership in the energy sector. Candidates should have 3+ years of relevant experience, strong analytical skills, and a background in business or engineering.
About National Grid

National Grid is one of the world’s largest publicly-listed utilities, focusing on the transmission and distribution of electricity and gas. Headquartered in the UK, National Grid oversees an extensive network that spans both the UK and northeastern US, serving millions of customers. The company is committed to leading the energy transition by deploying cleaner energy resources, investing in innovation, and contributing to sustainable development through its global ventures. National Grid Partners, its venture investment arm, is at the forefront of accelerating the energy transition through strategic investments in startups and fostering a network of innovation-driven companies.

About this Role

The Principal at National Grid Partners will play a crucial role in the Investments team, operating at the intersection of technology and venture capital. This position is tasked with identifying and managing investments in technology startups that align with the strategic interests of the organization. The Principal’s efforts will not only support Investment Directors in crafting and executing investment strategies but also ensure a continuous pipeline of promising startups. By performing detailed due diligence and competitive analysis, the Principal will help drive informed investment decisions. The role requires active participation in broadening National Grid Partners’ influence within the venture capital community and the energy sector. The Principal will also play a part in shaping thought leadership and reputation building by engaging in industry events and networking extensively.

Responsibilities
• Help Investment Directors complete investments that support our focus areas.
• Help Investment Directors define investment strategies.
• Build a pipeline of leading startups that fit with the strategic investment themes.
• For potential new investments, help Investment Directors develop a complete understanding of an emerging company by evaluating its market opportunity, competition, product, sales and growth, operations, financial statements and projections, management strength, equity needs, and capital structure.
• Develop market landscapes and points-of-view on emerging trends.
• Work with and support portfolio companies as required by Investment Directors.
• Network extensively with entrepreneurs, other venture capital funds, and utilities.

Requirements
• 3+ years of experience at a top-tier venture capital firm, or major corporation venture capital group, or a recent MBA from a top-tier business school.
• Solid mastery of financial modeling and analytical skills.
• Excellent communications and interpersonal skills with high risk tolerance.
• Highly developed analytical skills with the ability to define issues, collect and analyze pertinent data, identify alternative solutions, project consequences of proposed actions, draw valid conclusions, propose sound recommendations, and implement approved solutions in support of specified goals; attention to detail is critical.
• Undergraduate degree in Business, Science, or Engineering preferred. Advanced degree / MBA strongly preferred (not required).
• A strong strategic thinker, with the ability to see the big picture, but also address shorter-term more tactical issues.
• Experience in the energy or industrial sector strongly preferred (not required).
• Highly technology literate, with significant experience understanding the business and strategic implications of technology change.

Benefits
• Career advancement opportunities within and across bands.
• A supportive and inclusive work environment.
• Access to a network of senior innovation executives from more than 120 worldwide utility companies.
• Engaging with a community focused on harnessing the latest technologies in the industry.

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