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Operator-In-Residence (OIR): Vertical AI

About the Company

Primary is the largest early-stage venture firm in the world, with $1B in assets under management, investing in pre-seed and seed-stage startups based in New York City. The firm’s Incubation arm, Primary Labs, launched in 2019 to support the ideation, research and launch of new startups. Primary’s first three incubated companies will return its first fund many times over, and Primary is now primed for substantial growth in its Incubation efforts. Check out our blog post, “What Invention and Incubation have in Common” to learn more about Primary’s incubation philosophy.

About the Role

Primary Labs is looking for an Operator-In-Residence (OIR) to join its Incubation program with a vertical AI focus.

We at Primary have a concerted focus to invest in and incubate businesses in the vertical AI landscape. Our strategy is to concentrate on a select number of high-potential sectors and work closely with customers to build solutions that address significant market needs. We are looking to hire an individual who will be solely focused on helping us incubate a new business by exploring verticalized opportunities unlocked by the emergence of generative AI.

The right person for this role is product-minded and customer obsessed, with experience in a high-growth vertical SaaS or B2B startups. They should be excited about building a business from the ground up (0 to 1) and have a passion for researching and identifying new opportunities within this evolving space. Above all, they must believe that the current AI-driven technological shift presents a unique opportunity to build multi-billion-dollar businesses.

What You'll Do

  • Work closely with General Partner Jason Shuman to support Primary’s idea generation and vetting process

  • Conduct intensive market analysis, competitive landscaping and customer research

  • Develop hypotheses for potential products, create sales decks, validate demand with customers, get downstream investors feedback and generate potential go-to-market strategies for the most promising startup ideas alongside the General Partner

  • Create pitch decks and other investor materials

  • Join the company in its launch phase as a founding team member responsible for gaining initial traction, building out the rest of the team, and supporting business operations or go back to the drawing board with the Incubation program all over again

  • Support Primary’s executive recruiters in identifying and closing your Co-Founders

About You

  • Self-starter: you have an entrepreneur’s intrinsic motivation, capable of independently running with business ideas with substantial ambiguity

  • Network-builder: you’re comfortable developing relationships with industry leaders from the ground up

  • Entrepreneurial: you are eager to engage in the venture and startup ecosystem and have your finger on the pulse when it comes to new deals and emerging business models in the vertical AI landscape

  • Storyteller: you’re able to learn rapidly, develop a strong point of view, and communicate compelling narratives

  • Commercially-minded: you are comfortable with financial models and concepts and can quickly assess the feasibility and scalability of a new venture idea

  • 4+ years of experience in consulting, B2B, and/or vertical SaaS startups, with a strong focus on product management.

  • MBA not required but a plus

What You Should Know About Operator-In-Residence (OIR): Vertical AI, Primary

Are you ready to embark on an exhilarating journey as an Operator-In-Residence (OIR) for Vertical AI at Primary Labs? Here at Primary, the largest early-stage venture firm globally, we’re passionate about nurturing innovative minds to build disruptive businesses within the vertical AI sector. As our OIR, you’ll be at the forefront, collaborating closely with our General Partner Jason Shuman to turn exciting ideas into reality. If you have a product-oriented mindset and a customer-first approach, this role is perfect for you! Your primary responsibilities will include conducting in-depth market analyses and customer research, helping us identify promising verticalized opportunities within the rapidly evolving landscape of generative AI. You will play a critical role in shaping business strategies by developing strong hypotheses for potential products and validating demand in real-world scenarios. You'll get hands-on experience in creating pitch decks and investor materials and, as a founding team member, you’ll assist in building initial traction for our burgeoning venture. It's about harnessing the power of AI to create tomorrow's billion-dollar enterprises, and we need a dynamic self-starter who thrives in ambiguity, loves networking, and has a knack for storytelling. With 4+ years of experience in consulting or B2B vertical SaaS startups under your belt, you’ll be prepared to assess market feasibility and scalability effectively. Join us, and let's work together to unlock business potential in the vertical AI landscape!

Frequently Asked Questions (FAQs) for Operator-In-Residence (OIR): Vertical AI Role at Primary
What are the main responsibilities of an Operator-In-Residence at Primary Labs?

As an Operator-In-Residence (OIR) at Primary Labs, your main responsibilities will involve collaborating with the General Partner to support idea generation, conducting market analysis, and validating product hypotheses. You’ll be pivotal in forming potential go-to-market strategies and creating investor materials, while also helping to launch and grow a new business within the vertical AI sector.

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What qualifications do I need to apply for the Operator-In-Residence position at Primary Labs?

To apply for the Operator-In-Residence position at Primary Labs, candidates should have 4+ years of experience in either consulting, B2B, or vertical SaaS startups, with a solid focus on product management. While an MBA is not required, it can be advantageous. A passion for the venture ecosystem and a knack for storytelling are essential.

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Is entrepreneurial experience required for the Operator-In-Residence role at Primary Labs?

Yes, entrepreneurial experience is highly valued for the Operator-In-Residence role at Primary Labs. Candidates should possess a self-starter mentality and the ability to navigate ambiguity while engaging proactively in building relationships within the venture and startup ecosystem.

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What does being a founding team member entail for the Operator-In-Residence at Primary Labs?

As a founding team member in the Operator-In-Residence role at Primary Labs, you will be responsible for gaining initial traction for new business ideas, identifying co-founders, and supporting operations during the launch phase. This is a groundbreaking opportunity to influence the early stages of a startup.

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What type of work environment can I expect as the Operator-In-Residence at Primary Labs?

The work environment for the Operator-In-Residence at Primary Labs is dynamic and collaborative. You’ll be part of a team that thrives on innovation and creativity, working closely with leaders in the venture capital space to drive impactful business initiatives forward.

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Common Interview Questions for Operator-In-Residence (OIR): Vertical AI
Can you describe your experience in a vertical SaaS startup?

When answering this question, focus on specific responsibilities you had in your previous role, emphasizing how you contributed to product management and growth strategies. Highlight your understanding of vertical markets and customer needs and use relevant metrics to showcase your impact.

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How do you approach market analysis as an Operator-In-Residence?

In your response, discuss your systematic approach to market analysis, including the tools you use for research and how you identify data sources. It’s beneficial to mention specific methods you apply to interpret market trends and validate business opportunities effectively.

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What strategies would you use for validating product demand?

Your answer should detail a step-by-step process for validating product demand, such as conducting surveys, interviews with potential customers, and A/B testing. Mention the importance of iterating on feedback and adapting strategies based on customer insights.

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How would you build a network with industry leaders?

Discuss strategies like attending industry conferences, participating in relevant webinars, and leveraging platforms like LinkedIn to connect with industry leaders. Emphasize the importance of relationship-building approaches that focus on mutual benefit.

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Can you provide an example of a successful product you helped develop?

Prepare to share a detailed story about a specific product, including your role in the development process. Discuss challenges faced, your solution, and the outcome achieved, emphasizing results through specific metrics.

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What motivates you to work in the vertical AI landscape?

Express genuine enthusiasm for vertical AI and its potential to disrupt industries. Relate this passion to your previous experiences or projects, demonstrating how they shaped your interest in this rapidly evolving field.

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How do you evaluate the feasibility of a new venture idea?

Outline a thorough evaluation process that includes assessing market size, financial models, and competitive analysis. Provide examples of how you’ve applied this in past roles to determine whether a venture is viable.

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What challenges have you faced while launching a new business?

Choose a real example of a challenge you faced, explaining your thought process in overcoming it. Highlight your resilience, adaptability, and what you learned from the experience, showing how it prepares you for the OIR role.

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How do you plan and create effective pitch decks?

Describe your methodology in creating pitch decks, emphasizing the importance of storytelling, clarity, and visual appeal. Mention specific sections you consider crucial for engaging potential investors and succinctly conveying the business idea.

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What role does customer feedback play in your product development process?

Discuss the significance of integrating customer feedback throughout the product lifecycle. Highlight the strategies you employ to gather feedback systematically and how you use it to refine and pivot product offerings effectively.

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Full-time, remote
DATE POSTED
December 3, 2024

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