The Mahway Fellowship program recruits talent from startups to become venture-backed entrepreneurs. It’s a 3-month after-work program where experienced Mahway operators and investment partners work with Fellows to ideate, de-risk, and pitch a company to grow it. Fellows will graduate from the program with a strong customer development framework, and deep market knowledge, and should be ready to fundraise. Select Fellows will be chosen to continue on as Mahway cofounders, where they will be supported with scale services and stable compensation. We expect these entrepreneurs to invest their talent and time while Mahway supports them with direct capital, investor networks, and experienced operators.
A Mahway Fellow will need to be strategic, have strong business fundamentals, be action-biased, and have the ability to lead a team. It’s a big decision to become an entrepreneur, and we want applicants who are ready to shift into high gear and build a big company with our support. We will be focusing on candidates with fintech or B2B SaaS experience.
The program will require a minimum of 10 hours per week and you will be paid a stipend of $3,000 monthly. While we expect the company development process to take up to 3 months, it may be shorter for Fellows who are quickly able to ideate, de-risk and pitch faster. This means that you could even be offered full-time employment within 90 days of kicking off the program.
For our first cohort, we are looking for Fellows with proven operational excellence, either as GMs, business unit owners, and/or executive titles at rapidly growing companies. Though you will have support from experienced operators, we want applicants who are self-directed and motivated to drive themselves to meet our fast timeline.
This role is remote but requires travel for one week a month to Los Angeles. You’ll love our monthly co-working sessions where we get to work side-by-side and bond over amazing food all over LA.
Your Experience
- You have startup experience, either as a GM, business unit owner, executive, or previous founder/CEO in a scaling, growing company
- Has managed and recruited teams of 20 people or more
- You have industry experience in fintech or B2B SaaS (this first program will focus on these two sectors).
Your Skillsets &Requirements
- Business Sense - You understand business models and you can build a quick model. You can read a set of financials and ask the right questions to improve your business. You are metrics-oriented and can analyze your financials to make key decisions.
- Action Bias - You are oriented towards execution. You’re adaptable when conditions change (as they constantly do in startups), and you continually test, gather data/digest findings, and evolve concepts. You’re a scrappy leader who has the ability to get things done with limited resources.
- Leadership - You have built and led teams before. You have the charisma and ability to story tell which helps across all areas of the business, including recruiting, sales, and marketing. You have an executive presence and a desire to pitch new business(s) to Mahway leadership for further investment (internal and potentially external).
- You must live or be willing to relocate to California, preferably Los Angeles or San Francisco.
- You must be willing to start the program on October 17 and take it to completion on January 17th. The application period closes on September 28th at midnight PST.
What We Offer You
While working as a Mahway Fellow, you will receive a stipend of $3,000 monthly. You will leave the program with:
- A strong customer development framework
- An ideation process
- A de-risking model for early-stage ideas
- Pitching skills that span fundraising and sales
- Priceless advice from experienced operators
- HR and talent and hiring support
- Financial back office support
- Marketing and growth support
If you successfully pitch your business, you then have the opportunity to join Mahway full-time as a cofounder, which has a stable salary, equity, and health benefits. Full-time salary will range from $150K - $250K.
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