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Post-Close Action Counsel

AngelList Venture

AngelList Venture

Posted on Saturday, February 24, 2024
About Belltower Fund Group:
Belltower was formed in 2019 as AngelList’s native fund administrator and completed its journey to become an independent company at the end of 2023. Belltower provides fund administration services to the venture space. Our coverage ranges from syndicates to venture funds to first-of-their-kind rolling funds. Our full-service fund management offering abstracts away the complexity of running a fund by integrating the financial reporting, tax, compliance, portfolio management, and other services that managers typically have to cobble together from multiple vendors. Our services, combined with Angellist’s software, enable us to efficiently launch and scale a fund, allowing fund managers to focus on what they do best: investing.
Since 2019, Belltower has supported 20k+ funds representing over $16B in assets under administration, leveraging AngelList’s fund admin software to power the service layer for funds launched on the AngelList platform.
About the Role:
We are looking for a lawyer with a business mindset who has deep transactional experience in the venture capital and startup space to lead the portfolio management service for the world’s largest portfolio of early-stage venture capital investments. As an attorney within our Portfolio Management function on our Investment Operations Team, you will drive the review and execution of portfolio company transactions on behalf of our funds, manage risk for the business and for each fund, and help build the systems and processes needed to enable fund managers to navigate their portfolios throughout the lifecycle of their portfolio companies. You will report to our Director of Investment Operations.
This is a crossover role specifically for those looking to make the jump from law into the business world, and it represents a foundational part of AngelList and Belltower’s Investment Operations Team. The ideal candidate will have a track record that demonstrates an understanding of core legal and financial concepts that will allow them to quickly master all aspects of venture transactions (from financings to M&A and public listings) and the ability to operate in a rapidly growing financial technology setting. We are looking for a detail-oriented, organized, and structured manager who will provide exceptional service to our GPs and LPs behind the scenes by making their experience using our platform and navigating complex transactions seamless. In this role, you will be expected to interact with a team of operators and legal contractors, coordinate with portfolio companies, address escalations from customers, provide legal and economic analysis to GPs, and build world-class operational infrastructure for the portfolio management service area.

You Will:

  • Build operations and develop scalable and innovative solutions to help manage our rapidly growing portfolio of early-stage investments.
  • Coordinate cross-functionally with other AngelList and Belltower teams, including product and engineering, to help productize existing portfolio management offerings.
  • Oversee and provide a legal review/consultation on portfolio company actions related to venture financings, IPOs, mergers and acquisitions, and general corporate actions.
  • Partner with the Portfolio Management Service Team to provide legal subject matter expertise on transactional matters when needed, and help manage risk across our team and funds.
  • Develop systems to better leverage the data that flows through the AngelList platform.
  • Engage with some of the top venture investors in the world on a daily basis.
  • Own day-to-day execution of KPIs & SLAs for our most important Portfolio Management-related Services.
  • Handle Escalations and Exceptions as they arise within the service area.
  • Continually identify and implement process improvements to improve our ability to deliver value to fund managers & their portfolio companies.

You Have:

  • JD & minimum of 3-6 years of transactional legal experience with focus on VC investor and/or startup company representation.
  • Excellent business sense and the ability to communicate complex legal matters clearly to non-experts.
  • Exceptional organizational skills and ability to think in a systems-based way. We oversee a portfolio of investments in the thousands. It can only be managed systematically.
  • Deep and detailed understanding of VC legal structures -- both on the fund and investment side.
  • Willingness to get your hands dirty. Continual improvement means filling gaps and being hands-on in making sure all legal and operations functions are executed at the highest level. Experience working with and setting up internal process automations is a nice-to-have, but not a requirement.
  • Great attitude and the ability to embrace regular change as we continually improve products and processes.
  • Demonstrated performance excellence: We’re looking for the best of the best!
If you don’t tick every box above, we’d still encourage you to apply. We’re building a diverse team whose skills balance and complement one another.
Belltower Funds is a remote-first company. This position is fully remote for anyone in the United States.
Benefits: We support our employees in their lives both inside and outside of work.
* See additional details on our benefits here
Belltower Funds is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.