Why Base10 Partners: Interviews, Careers, & Portfolio (2024)

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Base10 Partners Overview

Base10 Partners (also referred to as Base10) is an early stage venture capital firm which supports businesses that bring automation to traditional sectors – which they call as automation of the real economy.

The firm prefers to invest in companies that operate in the automation applied to logistics, retail, operations, food, finance, and construction sectors.

Base10 is the first Black-led VC to achieve $1 billion in assets under management.

Adeyemi Ajao and Thomas Nahigian founded Base10 Partners in 2017. The firm is based in San Francisco, CA, USA.

Base10 Partners AUM

According to PR Newswire, Base10 Partners has $1.3 billion in assets under management as of April 2022.

Base10 Partners Interview Process & Questions

Firms can make modifications in their interview process for each candidate. However, when you interview at Base10 Partners (or similar firms), you can expect the following:

• Around 4-6 rounds of interviews
• Junior investment professionals supervise the initial rounds, while the senior staff handle the later phase of the interview.
• The whole process can take multiple weeks – unless it’s an on-cycle or on-campus recruiting

Interviews at Base10 Partners will be a mixture of a set of questions: fit, behavioral, and technical / investing.

Need help preparing for interviews? My Growth Equity Interview Guide is right for you.

Why Base10 Partners

The most common question you’ll receive during interviews is “Why this firm”.

If you’ve done networking prior to your interviews, this is your chance to mention whoever you’ve met and how they’ve positively influenced your decision to apply at their firm.

Also, I would recommend learning more about the firm. A great way to do this is to listen to interviews with its founders, investors, and employees.

For starters, here’s CNBC International TV interview with Adeyemi Ajao, Co-Founder at Base10 Partners:

More Interviews

• Ade Ajao, Base10 co-founder, talks about their firm’s new $137 MM fund
• The Future of VC with Adeyemi Ajao

Base10 Partners Case Study

Case studies almost always show up during interviews at firms like Base10 Partners. The reason is firms use case studies to evaluate each candidate’s technical and communication skills – both crucial to investor’s success.

Most case studies revolve around investment recommendations and financial modeling. But for junior roles, cold calling case study may also be required.

For case study preparation, check out my Growth Equity Interview Guide.

Base10 Partners Salary & Compensation

According to Glassdoor, analysts at Base10 Partners earn a median total pay of $107K, while there’s no recent data for associate hires. This figure may vary depending on several factors such as location, experience, and education. There is no recent salary data available for analyst hires.

Analyst

Base10 Partners Careers, Jobs, & Internships

To stay updated with open roles at Base10 Partners (or similar firms), visit our job board which features promising opportunities for them and other growth / VC firms.

Base10 Partners Portfolio & Investments

According to Crunchbase, Base10 Partners has made 110 investments across four funds. Some of their notable deals include Loop, MoeGo, and Clasp.

Notable Transaction: Dripos

Dripos is a software that coffee shop owners and operators have always dreamed of.

Their platform seamlessly integrates tools for POS and mobile payments, loyalty and marketing automations, employee management and payroll, and administrative functions such as banking and accounting.

In 2023, there’s a 400% increase in the number of locations relying on Dripos and they also processed hundreds of millions in payments. This signifies their strong presence across 46 states.

In April 2024, Base10 Partners led a Series A funding to help Base10 secure $11 million funding.

The investment helps Dripos to continue their mission to automate and simplify coffee shop operations.

Next Steps

If you decide to send your application and build your investing career at Base10 Partners, I would highly recommend that you check out my Growth Equity Interview Guide first before attending interviews.

Growth Equity Interview Guide helps professionals get a good grasp of topics that are typically covered during interviews such as financial modeling, case studies, and more. Check it out and start learning today!