Venture Leader - Construction

The Company

1848 Ventures is a venture studio focused on consistently building, launching, and scaling a portfolio of B2B SaaS companies that harness the power of AI to fuel the future of small and medium sized business.

Backed by Westfield®, a respected leader in commercial insurance, 1848 Ventures extends beyond insurance by launching digital products that address the uncertainties that businesses face on a daily basis. We focus on industries that are the driving force of our economy including construction, real estate, hospitality, retail, and restaurants. Westfield’s backing affords us the agility to explore innovative ideas, weather uncertainties, and pursue ambitious ventures with confidence.

Our talented team of hands-on venture builders, data scientists, engineers, and designers combined with repeatable playbooks allows us to rapidly validate, build, launch, and scale customer focused AI enabled startups.

At 1848 Ventures culture is not just a concept – it is the essence of what we do, our behaviors, rituals, and practices. It’s the actions that enable our set of evolving relationships and the experiences they create. The culture is grounded in the practice of virtues. This enables our pursuit of excellence, which we express and measure by our actions. We act on these behaviors in the “how” of our work, our interactions with others, and the conduct we hold ourselves and others accountable to, individually and collectively.

Read on to discover how your skillset and experiences may help contribute to our approach.

 

The Opportunity

Our studio aims to launch a new venture each year by ideating and testing early-stage business models grounded in Jobs to Be Done (JTBD,) a depth of market, competition, and customer understanding, and aligned strategically with 1848 Ventures’ vision.  While many are ultimately shut down, the ventures with the most initial demand and traction are selected for additional investment and matched with a Venture Leader to drive the business plan development, execution and continuous iteration focused on growth and product market fit.

‘Backed by Westfield’ is more than our brand tagline, it indicates the unique relationship with our parent company, Westfield. As the sole funder of 1848 Ventures, Westfield is committed to providing capital to sustain operations and fund new ventures that have the capacity to deliver targeted strategic and financial value to the enterprise. This relationship creates the time and space for the people of 1848 Ventures to focus exclusively on the work that helps us achieve our long-term vision.

Ventures launched and scaled by 1848 Ventures will remain as wholly-owned subsidiaries of Westfield. Success is defined by a combination of long-term strategic and financial value generated for the enterprise. Therefore, the value creation expectations and metrics, while well-defined, differ significantly from those in the traditional capital markets. Our focus on the long term is reflected in our total rewards package for this role which is tied to the performance of the organization.

This is where you come in…

We’re seeking someone with proven experience in growing early-stage ventures and achieving product market fit to lead a business that provides an AI powered software platform that is purpose built for the construction industry. To propel the venture’s growth we are targeting a Venture Leader to join the organization that has a depth of understanding of the construction industry’s unique pain points, processes and trends to supporting delivering relevant and valued software solutions.  The ideal candidate will bring a wealth of experience successfully delivering software solutions to the construction industry.

Our Venture Leaders have accountability for the direct and indirect financial performance of the business. They are accountable for building upon the momentum generated from in-market testing of a venture's most critical product and business model hypotheses. Venture Leaders build the initial team and focus on launching the product, gaining customer traction and generating a path to sustainable revenue growth and profitability. 

In this role time will be divided across, but not limited to, the below responsibilities: 

Responsibilities

• Accountable for the performance of the venture including direct and indirect financial outcomes of the business P&L
• Works with the venture team and 1848 Ventures’ leadership to translate high-level strategy and vision into annual and quarterly objectives and key results with a focus on:
  • Driving customer acquisition and revenue growth
  • Building a path to profitability, and
  • Generating indirect value for our parent company, Westfield
• Leadership and execution of the activ