Investment Director - Intuitive Ventures

The Investment Director at Intuitive Ventures plays a crucial leadership role in driving the investment process, managing a portfolio of investments, and contributing to the firm's strategic direction. This individual is responsible for identifying, evaluating, and securing investment opportunities, often leading the process from initial deal sourcing through negotiation and closing. A Principal level investor also plays a significant role in supporting portfolio companies, mentoring junior staff, and representing the firm within the ecosystem. This individual functions as a key bridge between the Associates and the Partners, preparing them for future leadership roles within the firm, potentially including partnership.

Key responsibilities

Deal sourcing & relationship management

• Leading and driving deal flow: Proactively identifying, sourcing, and evaluating potential investment opportunities in MedTech and HealthTech fitting Intuitive Ventures strategic and financial mandate, cultivating relationships with entrepreneurs, founders, and key industry players. This includes leveraging established networks and developing new connections.
• Cultivating Strategic Partnerships: Fostering and maintaining deep relationships with entrepreneurs, founders, industry experts, co-investors, and other stakeholders within the MedTech and HealthTech ecosystem.
• Representing the Firm: Actively representing the firm at major industry events, conferences, and through publications, serving as a thought leader and key point of contact within the ecosystem.
• Developing and Executing Sourcing Strategies: Working with partners to develop and implement effective strategies for identifying new investment opportunities within target sectors, leveraging market analysis and industry expertise.

Deal evaluation & execution

• Leading Due Diligence: Taking primary responsibility for leading the in-depth due diligence process for investment opportunities, managing cross-functional teams, and overseeing all aspects of analysis, including competitive landscaping, business analysis, technology assessments, IP, market access, and clinical/regulatory strategy.
• Project Management Expertise: Navigating multiple projects simultaneously while maintaining speed and depth of execution and building strong relationships with key partners.
• Strategic Financial Analysis & Valuation: Providing strategic oversight and guidance on financial modeling and valuation analysis, ensuring alignment with the firm's investment thesis and risk appetite.
• Investment Committee Presentation & Justification: Preparing and presenting compelling investment memos and presentations to the Investment Committee, providing a clear and persuasive strategic rationale for investment decisions with minimal oversight from Partners.
• Leading Deal Negotiation & Structuring: Taking a lead role in negotiating or influencing the negotiation of investment terms, structuring transactions, and overseeing the entire closing process, including liaising with legal counsel, finance, syndicate partners, and other internal/external stakeholders.

Portfolio company support

• Strategic Guidance & Board Participation: Providing strategic guidance and operational support to a portfolio of companies, potentially serving as observers. This includes proactively identifying and addressing challenges, leveraging the broader network and resources to accelerate growth, and maintaining current understanding of a company’s progress to plan.
• Driving Key Initiatives: Leading and supporting key portfolio company initiatives such as strategic planning, business development, fundraising, and exit strategies.
• Performance Management & Value Creation: Actively monitoring portfolio performance, providing strategic insights and recommendations, and implementing initiatives to maximize value creation and to drive toward successful exits.
• Reporting and Communication: Ensuring timely and effective communication with lead partners regarding portfolio company performance, challenges, and opportunities, providing regular updates and presentations.

Research & content development

• Developing and Championing Investment Theses: Proactively developing and articulating new investment theses in emerging MedTech and HealthTech sectors, leveraging deep industry insights and thought leadership with minimal supervision.
• Strategic Landscape Analysis: Leading the development of market analysis and strategic landscape reports, identifying key trends, competitive dynamics, and potential areas for investment. Responsible for writing landscape reports with very limited supervision
• Staying at the Forefront of Innovation: Continuously staying abreast of evolving technology trends, industry developments, market trends and competitive landscapes in both private and public markets, serving as an internal subject matter expert for specific areas of focus.

Internal operations & collaboration

• Mentorship & Team Development: Mentoring and guiding junior team members, fostering their professional growth, and contributing to a positive team culture.
• Cross-functional Collaboration & Process Improvement: Collaborating effectively with other team members, including partners, the broader Intuitive Surgical team, and potentially Limited Partners. Identifying and implementing ways to streamline investment processes and enhance firm-wide initiatives.

This Principal level investor role demands strong leadership, proven investment acumen, deep industry expertise in MedTech and HealthTech, and a track record of successfully executing and supporting investments. It is a critical step in the path toward becoming a Partner within the venture capital firm.

Qualifications

Experience:

• 7 to 10 years of relevant professional experience in private equity, venture capital, investment banking, consulting or business/corporate development within healthcare or life sciences.
• Alternatively, 3+ years in venture capital with prior C-level (functional operational) experience in a MedTech/biotech company may be considered.
• A track record of successful healthcare investments, due diligence and value creation is necessary.
• Experience leading due diligence, including scientific and regulatory assessments, is required.

Education: A Bachelor's degree, preferably in a scientific field, and an advanced degree (e.g. MD, PhD, or MBA) are required

Skills & Competencies:

• Strong understanding of the MedTech industry.
• Proficient in financial modeling, valuation, and analysis.
• Excellent communication and presentation skills, comfortable interacting with executives.
• Proven leadership skills and the ability to work in a team.
• Strong entrepreneurial drive, action orientation, and a network in healthcare/MedTech.
• Agility to move quickly with deep analysis and insight.
• Multi-tasking ability to navigate multiple complex projects in parallel.
• Analytical expertise to think deeply about markets, technologies and investments.
• Business acumen to understand how businesses work and succeed

It started with a simple idea: what if surgery could be less invasive and recovery less painful? Nearly 30 years later, that question still fuels everything we do at Intuitive. As a global leader in robotic-assisted surgery and minimally invasive care, our technologies—like the da Vinci surgical system and Ion—have transformed how care is delivered for millions of patients worldwide.

We’re a team of engineers, clinicians, and innovators united by one purpose: to make surgery smarter, safer, and more human. Every day, our work helps care teams perform with greater precision and patients recover faster, improving outcomes around the world.

The problems we solve demand creativity, rigor, and collaboration. The work is challenging, but deeply meaningful—because every improvement we make has the potential to change a life.

If you’re ready to contribute to something bigger than yourself and help transform the future of healthcare, you’ll find your purpose here.

Travel: up to 30% (including international).

Due to the nature of our business and the role, please note that Intuitive and/or your customer(s) may require that you show current proof of vaccination against certain diseases including COVID-19.  Details can vary by role.

Intuitive is an Equal Opportunity Employer. We provide equal employment opportunities to all qualified applicants and employees, and prohibit discrimination and harassment of any type, without regard to race, sex, pregnancy, sexual orientation, gender identity, national origin, color, age, religion, protected veteran or disability status, genetic information or any other status protected under federal, state, or local applicable laws.

Mandatory Notices

U.S. Export Controls Disclaimer:  In accordance with the U.S. Export Administration Regulations (15 CFR §743.13(b)), some roles at Intuitive Surgical may be subject to U.S. export controls for prospective employees
who are nationals from countries currently on embargo or sanctions status.

Certain information you provide as part of the application will be used for purposes of determining whether Intuitive Surgical will need to (i) obtain an export license from the U.S. Government on your behalf (note: the government’s licensing process can take 3 to 6+ months) or (ii) implement a Technology Control Plan (“TCP”) (note: typically adds 2 weeks to the hiring process).  

For any Intuitive role subject to export controls, final offers are contingent upon obtaining an approved export license and/or an executed TCP prior to the prospective employee’s
start date, which may or may not be flexible, and within a timeframe that does not unreasonably impede the hiring need. If applicable, candidates will be notified and instructed on any requirements for these purposes. 

We will consider for employment qualified applicants with arrest and conviction records in accordance with fair chance laws.

Preference will be given to qualified candidates who do not reside, or plan to reside, in Alabama, Arkansas, Delaware, Florida, Indiana, Iowa, Louisiana, Maryland, Mississippi, Missouri, Oklahoma, Pennsylvania, South Carolina, or Tennessee.

This position may be filled at a different job level than listed here depending on
business need and/or on the selected candidate’s experience, knowledge and skills.
Compensation will be based primarily on the job level at which the role is filled and the
candidate’s qualifications, consistent with applicable law.

We provide market-competitive compensation packages, inclusive of base pay, incentives, benefits, and equity. It would not be typical for someone to be hired at the top end of range for the role, as actual pay will be determined based on several factors, including experience, skills, and qualifications. The target compensation ranges are listed.