Please note: This is not a secretary role, it is a career path for a enthusiastic autodidact or Management / Business qualified individual (or equivalent industry experience) with energy and aptitude to take on significant commercial and personal responsibilities best suited to aspiring (typically junior) management or more senior roles as their next career step.
High Level Role Description
The work of an executive assistant (sometimes called a management assistant) differs a great deal from that of an administrative assistant. In many organizations, an executive assistant is a high-ranking position in the administrative hierarchy. Executive assistants work for a company officer or executive (at both private and public institutions), and possess the authority to make crucial decisions affecting the direction of such organizations. As such, executive assistants play a role in decision-making and policy setting. The executive assistant performs the usual roles of managing correspondence, preparing research, and communication, sometimes with one or more project resources, administrative assistants or scheduling assistants who report to him or her. The executive assistant also acts as the “gatekeeper”, understanding in varying degree the requirements of the executive, and with an ability through this understanding to decide which scheduled events, meetings, teleconferences, or e-mails are most appropriate for allocation of the executive’s time.
An executive assistant may, from time to time, act as proxy for the executives, representing him/her/them in meetings or communications and project managing the production of reports or other deliverables in the absence of the executive. An executive assistant differs from an administrative assistant (a job which is often part of the career path of an executive assistant) in that they are expected to possess a higher degree of business acumen, be able to manage projects, as well as have the ability to influence others on behalf of the executive. In the past, executive assistants were required to have a high school diploma, but increasingly jobs are requiring a bachelor’s degree.
A string of data and opinions have been released in recent days that support the view that the global tech startup ecosystem centre is shifting towards Asia and Australasia – where population growth and performance are increasingly leading the world.
These new data points reinforce our long held view that global tech startups will increasingly be created and executed from Asia and Australasia (indeed anywhere with electricity, internet and a desire for education and entrepreneurship) because of the largest population pool, growth rates, capital and increasingly education and thriving local tech startup ecosystems based on reaching global markets.
Your portfolio can get exposure to these opportunities via Cooper & Co.
Peter Thiel – known for his investments in Paypal, Facebook, AirBnB and Palantir – spoke in Saudi Arabia about his strong views on the topic of ‘the future of tech’ this week.
He believes tech will increasingly be created outside the US and California has lost their monopoly.
This reinforces the views we have long held here at Cooper & Co that while California led the way for decades and wrote the tech startup playbook initially, in the future global tech startup formation will increasingly align with population distribution that has education, capital and a thriving local tech startup ecosystem.
Asia is the world’s largest population region and has many of the fastest growing economies in the world.
Investing in tech startups is hard, particularly global ones. Finding these gems in the wild takes unique insight, experience and a huge network of specialists.
On the same day that Elon Musk unveiled how he is going to take us to the Moon and Mars within a few years and across our world in half an hour it seems fitting we now have even more science around startup investing.
We are very happy to share some new Harvard research to help guide thinking. The short story to exceptional returns based on a study of 300 companies. More women. More education. More cities. More specific experience. More youth.
The importance of female entrepreneurs in a traditionally male-dominated industry and the benefits of a good education and pre-startup experience are clear. The leveling of the geographic playing field gives credence to the development of startup-friendly areas in cities nationwide. And while fit, gut feel, and due diligence will always be critical, this study points to the value of data in making equity capital decisions. Successful companies and their portfolios would be well served to understand their investments more deeply through longitudinal data collection and analysis. Smart companies will use this to create competitive advantage for themselves and for the startups they invest in.
Venture Capital Funnel Shows Odds of Becoming a Unicorn Are Less than 1%
New research from CB Insights shows the chance of investments in global tech startups really paying off is around 1% – further underlying the need for diversification in over 100 companies in your portfolio.
High conviction investors typically focus on 5-10 possibly 20 companies but new research underlines the increasing importance of diversification.
Low conviction investors typically focus on hundreds (or even thousands) of investments but find it nigh impossible to add meaningful value to their portfolio – so founders suffer upside risk by taking unfocused investors onboard their companies don’t reach full potential.
The Importance of Balanced Conviction
This is why Cooper & Co are leading a new wave of ‘Balanced Conviction’ portfolio investors that are focused (on Global Tech Startups) yet diversified (in around 150-250 companies) and yet still value added via a deep and unique venture network that discovers, distills and develops firms to add value in the investment portfolio.
This new summary report for tech startup investment in SEA is excellent and shows the record deal growth for tech startups in the region. We consider this further validation of our focus and approach with a regional focused venture network.
Investors put an estimated $47.8 billion to work globally across seed, venture and technology growth rounds in the second quarter of this year, according to Crunchbase projections. That marks an increase of about 16 percent over the prior quarter and a slight dip from the year-ago period. Read the full quarterly report here.