The Capital Network
The Capital Network, Boston, Massachusetts (Hybrid)
ABOUT THE CAPITAL NETWORK
The Capital Network is a unique Boston-based 501(c)3 non-profit focused on creating a more inclusive and equitable funding ecosystem through education programming, professional connections, and community support for first-time founders of early-stage startups. While its programs support founders from varied backgrounds, its flagship program focuses on female founders and the unique challenges they face in raising capital. Female founders historically have received less than 3% of all Venture Capital funding. The Capital Network’s aim is to democratize fundraising for those who have historically been excluded. There has never been a more important time for action on inclusive growth to help female founders generate and sustain wealth.
Established in 2004, The Capital Network was created to provide first-time entrepreneurs with education and support to grow their companies. At the time limited options were available for first-time founders to learn how to raise capital. As part of its offering, The Capital Network provides founders access to a network of early-stage investors. Over the years, thousands of entrepreneurs have participated in The Capital Network’s programs and benefited from a network of investors they may not have otherwise been able to access.
The Capital Network believes a more inclusive funding ecosystem is possible.
To support this mission, The Capital Network currently offers three programs:
Fellowship for Female Founders: A cohort of 10-16 female entrepreneurs who receive six months of guided business mentorship. Fellows receive a structured curriculum, mentors, coaching, a peer group of fellow founders, 1:1 training, and additional resources all designed to support early-stage female founders with raising capital.
Fundraising Readiness Workshops: Ongoing programming open to the community covering all aspects of raising capital for early-stage companies.
Investment & Inclusion Series: Ongoing, data-driven series of panel discussions and Q&A sessions that brings speakers from VC & Angel groups together with Diversity and Inclusion experts to share actionable steps toward a more equitable funding world. The Investment & Inclusion Series is held in partnership with the VC Inclusion Lab of Brown University.
The Executive Director (ED) is the leader of The Capital Network and is responsible for all operational, administrative, and strategic aspects of the organization. This includes, but is not limited to, fundraising, financial management, organizational development, hiring, team development, program development and execution, community outreach, and network cultivation. The ED is responsible for being the face and liaison of the organization, clearly articulating and implementing The Capital Network’s vision, mission, and strategic direction to all stakeholders and community members.
The Capital Network recently adopted a new strategic direction focused on providing more fundraising expertise and access to early-stage female founders. A key priority for the new ED will be to develop a strategic plan including a 12-24 month operating and fundraising plan to support this new direction. The ED will work with The Capital Network Board and staff to develop this strategic plan including evaluating and recommending potential expansion options.
The following describe the primary duties and responsibilities of the Executive Director.
Organization Mission and Strategy
Develop and implement a strategic plan to ensure The Capital Network can successfully fulfill its mission.
Oversee development and implementation of The Capital Network’s programs. Track and measure each program’s results and impact.
Build and enhance The Capital Network’s brand through visibility in the community, creating a network of like-minded members of civic, private, and professional organizations and affiliate groups.
Fundraising / Financial Management
Identify and develop resources to ensure the financial health and sustainability of the organization.
Develop and execute a fundraising plan to achieve at least $500,000 per year in sponsorship, grants, charitable contributions, and other revenue sources necessary to support The Capital Network’s mission. The fundraising plan will build upon existing sponsorships and grants.
Actively cultivate and manage sponsors, donors, and partner relationships.
Create a culture of philanthropy across internal staff and members of the Board of Directors
In partnership with the Board Treasurer and contracted CFO, ensure financial operations and benefits administration run smoothly and efficiently; maintain official records and ensure compliance with federal, state, and local regulations.
Submit to the Board a proposed annual budget and quarterly financial updates, which accurately reflect the financial condition of the organization.
Manage the recruitment, hiring, evaluation, and release of full-time employees, contractors, and interns.
Recruit and manage an Advisory Board and in-resident investors, mentors, entrepreneurs, and other volunteers to support The Capital Network’s programs.
Serve as the public image of the organization and implement a PR strategy in alignment with organizational goals.
Communicate effectively with community members, investors, entrepreneurs, sponsors, partners, donors, and reporters.
Develop and implement engagement and networking programs for sponsors and partners.
Oversee marketing and communication efforts to promote The Capital Network and its network of entrepreneurs, mentors, investors, and partners through social media, newsletters, community calendars, and other channels.
Oversee website content creation and updates. Track and analyze website data.
Track and analyze marketing and promotion effectiveness.
Work with the Board to fulfill the organization’s mission and implementation of the strategic plan.
Communicate effectively with the Board and provide, in a timely and accurate manner, all information necessary for the Board to function properly and to make informed decisions.
Coordinating with Board Committees and sub-groups on projects.
Assist with recruiting and onboarding new Board members.
The successful candidate will:
Be an experienced fundraiser comfortable with execution and growth of a $500,000+ annual revenue budget.
Be a thought leader on the challenges faced by early-stage entrepreneurs when raising capital for their business.
Be passionate about changing the narrative on who receives funding and advocate for the position that a more equitable funding ecosystem is possible for early-stage companies.
Be familiar with the innovation and start-up ecosystem in the Boston / New England area.
Live in New England, but be comfortable working remotely and able to travel regularly to Boston for meetings and events.
Demonstrate strength in operational excellence and execution.
Comfortable with public speaking and cultivating new relationships.
Be adaptable, collaborative and results oriented.
Be a kind, supportive and a thoughtful team leader.
COMPENSATION AND BENEFITS
Employment: Full-time position
Compensation: Salary range $90,000–$100,000 annually, with discretionary bonus dependent on fundraising performance to goal. Exact compensation may vary based on skills and experience.
Benefits: Medical insurance, dental insurance, vision insurance
Reports to: Board of Directors
Location: Remote. Company HQ in MA. Frequent travel and participation in Boston-area networking and community building events is expected.
Holidays / PTO: Sixteen Paid Holidays. Unlimited PTO.
HOW TO APPLY
Please submit the following:
A cover letter explaining your qualifications, experience, and passion to be the next Executive Director of The Capital Network.
A detailed resume that speaks to the qualifications listed above.
See yourself in some of these qualifiers, but not all of them? That’s ok – apply anyway and we can chat about it!
To apply, email: firstname.lastname@example.org by Monday, November 7, 2022
The Capital Network is an equal opportunity employer, and does not discriminate based on age, sex, marital status, race, color, creed, mental or physical disability, religion, national origin, familial status, sexual orientation, gender identity, or source of income in the admission or access to, or employment in, our programs or activities.
To apply for this job email your details to email@example.com