Principal, Venture Investments

Description

The Johnson & Johnson Innovation - JJDC, Inc., the venture arm of Johnson & Johnson (J&J) and a part of Johnson & Johnson's Family of Companies, is currently recruiting for a Principal, Venture Investments, to be located in Leiden, Netherlands; London, UK; or Zug, Switzerland.

At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow, and profoundly impact health for humanity. Learn more at https://www.jnj.com/.

For more than 130 years, diversity, equity & inclusion (DEI) has been a part of our cultural fabric at Johnson & Johnson and woven into how we do business every day. Rooted in Our Credo, the values of DEI fuel our pursuit to create a healthier, more equitable world. Our diverse workforce and culture of belonging accelerate innovation to solve the world’s most pressing healthcare challenges.

We know that the success of our business – and our ability to deliver meaningful solutions – depends on how well we understand and meet the diverse needs of the communities we serve. Which is why we foster a culture of inclusion and belonging where all perspectives, abilities and experiences are valued and our people can reach their potential.

At Johnson & Johnson, we all belong.

Johnson & Johnson Innovation (JJI) has opened four Innovation Centers (ICs) in Asia-Pacific, Boston, California, and London. JJDC, the venture arm with investors in these locations, brings a global presence of 14 investors with ten to thirty years of domain experience in financial, operational, and strategic support. The ICs constitute a platform from which J&J identifies, catalyzes, contributes to and accesses the most promising healthcare innovations at the leading healthcare companies and universities across the globe. The mission of JJDC is to source equity investments and utilize relationships within the private venture community to support innovation, accelerate entrepreneurship and to build a pipeline of innovative products that will benefit patients and create options in areas of strategic interest to J&J. JJDC has a broad mandate to invest in strategic investments at any stage.

JJDC has been the venture capital arm of J&J for over 50 years. JJDC investments balance strategic returns with financial risk and return considerations. Investment vehicles JJDC has employed include seed investments, newco creation, equity investments in private companies, structured deals with an equity investment and PIPEs. In the last 10 years, JJDC has made over 100 new investments and deployed over $3.4 billion in capital.

Key responsibilities

Given the growth in the investment portfolio within life sciences, JJDC seeks to hire a Principal who will play a central role in further developing the build out of Johnson & Johnson’s venture arm focused on biopharmaceutical investing.

This individual will work closely with colleagues to initiate and manage equity investments, drive business innovation and deliver new and sustainable businesses, platforms or products for J&J.

S/he will work closely with team members of the internal JJDC investment team and will be responsible for sourcing, analyzing, evaluating, internally selling, making, managing and exiting investments in target companies, with a principal focus on biopharmaceutical investing. These target companies may include new technologies, product platforms or new businesses for J&J and will require that this person build and maintain collaborative business relationships within JJDC, J&J Innovation and the J&J operating companies, as well as, external collaborations with entrepreneurs, venture capital firms, banks and academia partners.

This Principal will be a leader within the JJDC investment team and will achieve business objectives through collaboration, coordination, and teamwork. This investment professional will demonstrate their leadership skills by participating in and presenting to JJDC’s investment committee and helping to drive the entire investment process on key transactions.

In addition, this person will serve as a member (or observer) on Board of Directors for key investments, and as a critical counselor and business partner for the JJDC and J&J Innovation team in creating long-term, sustainable business investments that drive value creation.

Specific responsibilities will include supporting investments in all respects, including the following specific tasks:

• Managing select JJDC portfolio companies, including board observer representation, ensuring progress against program and financial benchmarks, and exit analysis and execution.
• Adding to JJDC’s pipeline of potential investment opportunities by networking with scientific founders, entrepreneurs, venture capitalists, and other relevant ecosystem partners. The principal’s geographic focus will be the Europe.
• Diligencing potential opportunities to determine if they are capable of delivering upon the program and financial objectives, and in complex situations, this may require identifying and utilizing expert consultants to help evaluate the scientific, technical, manufacturing, clinical and regulatory capabilities of potential opportunities;
• Structuring creative and custom-tailored investments and deal structures ranging from academic seed investments, start-up companies, and J&J NewCos or spinouts.
• Managing a multi-stage investment review and approval process and preparing supporting documentation and materials. Key responsibilities include drafting term sheets, writing investment memorandums, and presenting and defending investment proposals before internal governance committees.
• In particular, s/he will be accountable within the investment team for validating financial and business plans and how that relates to the price and financing of the transaction.
• Working to enhance J&J Innovation Centers and JJDC’s presence in the healthcare innovation market.

Qualifications

Pivotal Experience & Expertise:

• A successful candidate will have a science background (ideally biological sciences and/or engineering) including one or more advanced scientific degrees. A scientific MS or PhD and/or MD degree is required. An MBA is desired.
• Prior experience to the healthcare industry with solid understanding and exposure to biotechnology and pharmaceuticals, ideally in the drug development space.
• Prior experience as an investor from a relevant venture capital, private equity, or corporate venture fund is desired.
• Demonstratable track record of success, especially within business development, the conducting of corporate transactions and/or debt and equity structuring activities (such as M&A, licensing agreements, joint ventures, etc.).
• Exceptional business acumen and judgment in analyzing investment opportunities, market information and company financials.
• Strong experience developing relationships when managing both junior resources and external advisors.
• Well networked with prior exposure to the healthcare innovation ecosystem.
• Must have a history of success throughout his/her life including academics, business, and other pursuits. Moreover, it is essential that the candidate has demonstrated the ability to initiate and cultivate meaningful relationships within the academic, entrepreneurial and investment communities.
• Evidence of analytical and critical thinking when performing due diligence.

Leadership Capabilities:

• Be comfortable with the private investment process and be able, when required, to articulate a vision to both senior and junior colleagues.
• Evidence of commercial and investment judgement being applied to due diligence and transaction situations.
• This individual will have strong analytic skills coupled with high levels of intellectual ‘horsepower’ and possess the ability to apply them to the equity investing business.
• S/he will likely have relevant experience serving on company boards of directors and providing guidance and direction to portfolio companies, including the ability to obtain buy-in from company management. In his/her capacity as a director, this individual should have been able to build strong relationships with company management and with the other directors on the board and should be viewed as a credible director able to add value to the board as a whole.

Culture Fit & Impact:

• Culturally able to work in a highly collegial and diverse environment and be comfortable with a consensus-driven and collaborative approach.
• Be in control of one’s ego and be focused on the shared success of the organization and its investors vs. solely personal goals.
• Be a team player who is prepared to flex up or down, as well as partner and work with colleagues across geographies.
• Be able to forge meaningful relationships with colleagues and portfolio company executives creating an environment of open and trusting communication.
• Be a self-starter, who can interact collaboratively, but operate independently as required.
• Be intellectually inquisitive and analytically strong.
• Have a developed sense of how businesses create value and an orientation to creating value through commercial and operational excellence.
• Be open to learning from more experienced colleagues.
• Possess acute organizational and communication skills, coupled with a high level of maturity and professional presence.
• Capable of driving consensus at all levels to build a thesis that supports the investment model, with an efficient, effective, proactive plan that can support growth and change.
• Be flexible and fluid enough to promote change; be a visionary able to develop and implement “best practices”.
• Think strategically and at a detailed level.
• Have superior written, verbal, and interpersonal communication and presentation skills and the ability to clearly articulate and execute strategic initiatives.
• Have a positive industry reputation for integrity, fair dealing, and value creation.
• S/he must possess unquestionable integrity and professionalism.

Diversity and inclusion are central elements of the shared culture across the Johnson & Johnson Family of Companies. Attracting, developing and retaining a workforce that reflects the diversity of our customers and communities is essential to our success. We are committed to providing a respectful, inclusive and accessible work environment where all employees have the opportunity to achieve their potential.

Johnson & Johnson is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

For more information on how we support the whole health of our employees throughout their wellness, career and life journey, please visit www.careers.jnj.com.