Growth Capital Associate

Snowball Effect is looking for a Growth Capital Associate to join our small and growing team. If you’re the right sort of person, you’ll love helping kiwi businesses reach their potential, and want to be part of a high performing growth company in an emerging and dynamic new market.

About Snowball Effect

We simplify investment into high growth Kiwi companies.

Snowball Effect is a marketplace that simplifies access to a range of alternative investment opportunities. We do this by facilitating offers of securities through public offers, private offers, and wholesale investor offers.

For companies, it’s a complete capital raising package and access to a wide investor audience, so it’s a quick and efficient way to raise funds. For investors, it’s a simple channel to discover and invest in early-stage growth businesses.

Snowball Effect is NZ's leading investment marketplace. We launched NZ’s first equity crowdfunding offer in August 2014, and over our 4+ years of operation, we have raised ~$50m of capital.

Snowball Effect Values

  • Fair – all information and documents must to the best of our knowledge be clear, concise and effective.
  • Integrity – we say what we mean and we mean what we say. We seek sustainable growth over short term wins.
  • Quality – we aim to provide a high-quality service and promote great outcomes for investors and companies using our service.
  • Experts – we are the experts in growth company capital raising in New Zealand. Team - we will always try and do what is best for Snowball Effect rather than ourselves. We welcome an environment where we can support, challenge, and encourage each other.
  • Courage – we are pioneers, prepared to take risks to work hard and hustle to lead the way in developing a new more efficient and inspiring capital market in New Zealand.

About the role

Our initial success has paved the way to significantly develop our core offering and explore complementary opportunities. Our target market is the growth sector – typically businesses with several million dollars in revenue, and seeking anywhere from $1–10m in capital to fund growth. For many investors this type of company has a far more appealing risk/return profile, with a far clearer path to exit. As a sector these companies are underserviced – they’re too large for angel groups, and too small for VCs, funds, and brokers. While some of these companies, particularly those approaching a listing, or those who would benefit from the publicity want to offer shares to the public, some are also after larger and/or ‘strategic’ investors. Snowball Effect has an investor audience of ~18,000 investors, with ~1,000 certified as ‘wholesale investors’.

It is important that we develop a pipeline of high-quality companies wanting to raise capital, then tailor the best solution to that company. Our Head of Private Capital is charged with working with investors and companies who are raising capital privately, with the Head of Growth Capital working in tandem to identify high-quality companies who are seeking capital, then work alongside the ones who go through the process of a public raise.

We’re hiring a Growth Capital Associate to support the ongoing development of Snowball Effect’s marketplace, and more specifically the task of working alongside the Head of Growth Capital and Head of Private Capital in preparing the companies for a capital raise, as well as the ongoing development and growth of Snowball Effect.

You’ll provide the skills and expertise to support this fundamental and growing part of our business and continue to develop it into a thriving and highly profitable business unit within our wider marketplace. The role will be challenging as the path forward is largely unchartered, with the role critical to the business.

It’s important that Snowball Effect continues to have a distinctively different voice and retains a personality that distinguishes it from the rest of the capital market, and that both investors and companies are attracted to a far more exciting, personable, and intimate experience as a result. Where possible you’ll want to develop a strong network within the New Zealand capital market, with entrepreneurs, advisors, and investors.

Key accountabilities and opportunities

Support the initial engagement with high-quality, growth companies seeking capital. This will include leading the preparation of the Information Memorandums and supporting other aspects of offer development such as legal and finance. It will also include supporting the development of growth of new products such as the Share Registry, Content Hub, and Investor Profile, as well as other features as they’re released:

  • Developing high-quality Information Memorandums and other key written information that are central to a successful capital raise. This will mean developing relationships with service providers, company CEO’s, and the wider capital markets community.
  • Constantly look for opportunities to get in front of high-quality companies and investors
  • Work with our network to ‘test’ the companies offer before going to the public. Does the written material resonate, are the terms/valuations sensible and fair? Exploring the potential use of new technology and processes that help Snowball Effect become a more efficient operation

Take responsibility for various day to day tasks that are crucial to the continued success of Snowball. Some of these day to day tasks include:

  • AML/Compliance (where required)
  • Support of marketing public offers
  • Ensuring companies are on track to launch in agreed timeframes
  • New product/feature development
  • Investor relations/customer support
  • Supporting shareholder communications between companies and investors (we provide a package to companies to support this)

This is a critical support position within Snowball Effect, and will play a key role in developing an important part of New Zealand’s capital market.

Final words

Snowball Effect benefits from world-class directors and advisors. Day to day we’re a small team of 5 with a flat structure. Everyone in the team has a specific role, with each role commanding significant responsibility. As a company, we’re focused with a clear plan of where we’re heading. We expect performance of the highest calibre, and we’re confident that our remuneration is representative of the investment we expect from each member of the team in Snowball Effect’s success.

We’re here for the long term, and this role provides the right person with an opportunity to shape the future of New Zealand’s capital markets. If you’re excited by this opportunity, please send your CV to Simeon Burnett at simeon.burnett@snowballeffect.co.nz.