Chief Executive Officer

1 month ago

Indianapolis, United States Boomerang Ventures Full time

Company Overview:

Boomerang Ventures combines a venture studio and venture fund to provide capital and hands-on expertise to very early-stage life science start-ups to build them more quickly and effectively toward a fast, lucrative exit. First time founders needing business, technical and other expertise to form and build a new company are a good fit for the Studio.


Island VR, one of our studio’s portfolio companies, is a medical device company: a pioneering venture dedicated to revolutionizing pain management solutions while providing behavioral health support for both consumers and clinicians. Our mission is to provide innovative, evidence-based interventions and technologies to empower individuals to overcome pain without addictive drug interventions. This is achieved because of the utilization of biofeedback and virtual reality (VR). Island VR is the nexus of psychology and physiology for pain management in key markets of Hospice/palliative care, cancer treatment, post operative and chronic pain.


Position Summary:

As the CEO of Island VR, you will lead the strategic vision, execution, and growth of our pioneering startup. This role requires a visionary leader who can navigate the complexities of the healthcare landscape, consumer behavior, and technology innovation.


Role and Responsibilities:

  • Strategic Leadership: Develop and execute the company's short and long-term strategies to drive growth, market penetration, and sustainable competitive advantage.
  • Team Building and Management: Recruit, inspire, and lead a multidisciplinary team, fostering a culture of innovation, collaboration, and excellence.
  • Product Development and Innovation: Oversee the development and refinement of innovative technologies for VR assisted biofeedback pain management, leveraging the latest research and best practices.
  • Partnerships and Alliances: Cultivate strategic partnerships with healthcare providers, clinicians, researchers, and industry stakeholders to expand the company's reach and impact.
  • Regulatory Compliance: Ensure adherence to all relevant regulations and standards within the healthcare and consumer technology sectors.
  • Financial Management: Drive financial performance, manage budgets, secure funding, and optimize resources to achieve company goals.
  • Market Positioning and Branding: Define and execute effective marketing and branding strategies to position Island VR as a leader in medical devices, pain management solutions, and/or virtual reality.
  • Fundraising: Lead the development and execution of a comprehensive fundraising strategy to secure capital from venture capitalists, angel investors, and other funding sources, ensuring alignment with the company’s growth objectives and financial goals.


Target Profile:

  • 5-10 years of experience in senior leadership roles. With proven track record both in corporate settings and venture capital or private equity environments as a President/CEO.
  • Ideal candidate will have exposure in the gaming industry as well.
  • Strongly prefer experience working within startups in key healthcare sectors, with a focus on medical devices, VR/gaming, pain management, and/or pharmaceutical pain management industries.
  • Fundamental knowledge of key markets in hospice/palliative care, cancer treatment, post operative pain, and/or chronic pain, including emerging treatments and technologies.
  • Demonstrated ability to drive business growth through strategic planning, fundraising, and financial management.
  • Strong leader who takes ownership of results and motivates cross-functional teams to succeed.
  • Collaborative team player who leverages strengths and addresses weaknesses.
  • Visionary thinker with a hands-on approach to problem-solving; adept at managing risks and making informed timely decisions, often with small data sets after prudently balancing risks/rewards.
  • Develops compelling investor narratives based on clear milestones and risk mitigation strategies to meet fundraising needs.
  • Builds and nurtures connections within the entrepreneurial ecosystem, including investors and industry stakeholders.
  • Passionate about exploring new markets and improving healthcare outcomes.
  • Strategic yet action-oriented, with a strong sense of urgency in execution.
  • Broad knowledge of life sciences, including regulatory issues and market dynamics.
  • Analytical thinker who synthesizes data to validate customer needs and support product-market fit.
  • Exceptional communicator, capable of engaging stakeholders, investors, and the broader community. Adept at approaching and discussing difficult topics respectfully.
  • Innovative mindset focused on making a meaningful impact on public health and wellness.
  • Strong project management and prioritization skills to ensure effective business execution.
  • Closely matches the Boomerang Studio Core Values: Collaborative, Innovative, Results Driven, Problem Solver, and Customer Oriented.


Benefits:

  • Competitive salary and performance-based incentives.
  • Comprehensive health, dental, and vision insurance.
  • Flexible work arrangements.
  • Opportunities for professional development and growth within the Studio.


Expected Results and Metrics of Success:

  • Meet key deliverables including fundraising targets, development, and implementation milestones,
  • Timely and effectively executes BLS stage gate deliverables.
  • Improves business processes and execution of each stage.
  • Attracts new talent to the company


Compensation:

This is a full-time CEO position at our early-stage portfolio startup, offering a base salary of $90,000. In addition to the salary, we provide equity options in the venture, giving you the opportunity to share in the success of the company as we work toward our goals together.


Location and Preferences:

While we welcome candidates from across the country, we do have a preference for individuals based in the Indianapolis area who can collaborate in person with our team. Being local will enhance our ability to innovate and build strong connections as we grow together.


Commitment Expected:

  • Full time of 40 hours per week or more as needed and located in Indianapolis or remotely in a professional atmosphere.
  • Travel and after-hours work as needed to build and maintain business and community relationships.


The duties and responsibilities described in this job description may not be a comprehensive list. Additional tasks may be assigned to the employee from time to time and/or the scope of the job may change as necessitated by business demands.

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