AC

Adam Corey

Operations at Apex Space

Los Angeles, California

Invests in

Stages:

  • Min Investment:

    $250,000.00
  • Max Investment:

    $1,500,000.00
  • Target Investment:

    $750,000.00

Work Experience

  • Operations

    2023

    Apex manufactures satellite buses at scale using a combination of software, vertical integration, and design-for-manufacturing approaches. Our spacecraft enable the future of society: ranging from earth observation to communications to so much more.

2016 - 2023

  • Co-founder and Operating Partner

    2016 - 2023

    Successfully created one of the most prestigious and complex venture capital organizations. Launched and scaled an early-stage focused venture capital firm. Key executive in ideating and implementing the firm’s strategy since its inception. Established and led the organization’s operations, including legal, finance, human resources, compliance, and more. • Built best-in-class organizational infrastructure and team. Recruited and managed senior and junior team, developed and implemented third-party software, service providers, and relationships across the ecosystem. • Forecasted, tracked, and reported internally and externally on the firm’s and its fund’s finances. Built and maintained relationships with banking, tax, and audit partners. Secured a line of credit to maximize ROI, and determined the capital call and distribution schedules for all entities. • Leveraged data to inform capital needs and capital deployment. Created all financial models to inform firm and fund operations. Developed KPIs and benchmarks to monitor and continually improve performance. • Completed thousands of financing rounds. Oversaw all legal work for U.S. and international opportunities, partnering with outside counsel and other experts, such as local tax counsel.

  • Partner

    2014 - 2015

    Recruited by clients of my previous firm to a newly-created position to lead a venture capital fund. Led the day-to-day operations, including finance, legal, investor relations, and the general management of the firm and fund. • Facilitated fund investments in numerous startup “unicorns”. Portfolio companies included Amplitude, Dropbox, Lyft, PillPack, Ring, and Robinhood. • Created tracking system to monitor and report on portfolio. Informed capital deployment strategy through data-driven analytics. • Maintained and fostered relationships with internal and external partners. As a small firm we leveraged external parties for finance and legal functions. • Educated other partners on fund mechanics, formation, and financial models.

2013 - 2014

  • Head of Investor Relations

    2013 - 2014

    Led Investor Relations and fundraising efforts for the most active venture capital firm in Silicon Valley; serving as the single point of contact for more than 300 LPs. • Raised more than $40M across five funds. Pitched and successfully closed U.S. and international retail, institutional, and corporate investors on various opportunities in 500 Startups’ funds and direct investment opportunities. • Implemented new sales processes and software to maximize efficiency and access to data. • Created fund financial models and numerous analyses of portfolio performance. Built fund marketing materials, including financial reports, decks, and newsletters. • Launched general solicitation offerings for funds. Strategically leveraged new securities laws to grow the market opportunity and was the first prominent venture firm to do so. • Sourced, analyzed, supported, and led investment in portfolio companies.

  • Operations Consultant

    2011 - 2013

    Provided hands on financial, marketing, and business development support for companies including Idealab, Campus Explorer, Friendbuy, and others. • Led financial planning to determine business concept feasibility; prepared companies for external fundraising. • Completed competitive and market analyses. Created actionable plans for positioning company offerings. • Reviewed and improved customer service department processes. Established new mechanisms to improve customer experience, employee happiness, and eliminate inefficiencies. • Developed sales strategies, pricing recommendations, and business development materials. • Consulted on product design and customer acquisition plans.

2008 - 2011

  • Founding Team & Vice President of Business Development and Marketing

    2008 - 2011

    Served as one of a team of three executives at BrightHouse, an incubator focused on launching new companies. Collaborated cross-functionally to determine viability of new companies. Developed SharesPost, taking the concept from whiteboard to launch and driving hundreds of millions of dollars of pre-IPO stock transactions. • Oversaw marketing, business development, and product development. Took SharesPost from idea to launch and grew it to the largest, most active retail-focused secondary stock platform. • Led financial planning and competitive analyses. Developed pricing recommendations and product positioning. • Facilitated in excess of $50 million of private stock transactions. Managed hundreds of clients and their respective transactions.

  • Director of Business Development and Strategy

    2004 - 2007

    Led business strategy and development and maintained responsibility for company financial and business metrics. Directed long-term strategic planning efforts and annual planning. • Grew revenues at an annualized rate of 63%. Crafted advertising offerings and pitches that enabled revenue growth to surpass user growth. Secured top tier partners, such as Coca-Cola, Target, Diageo, and others, resulting in the highest CPM and sell-through of the IAC network. • Managed corporate relationships for operational items related to finance and legal. Engaged regularly with IAC executives to develop growth plans, negotiate budgets, and report on progress. • Initiated, led, negotiated, and closed business development deals. Revenue partners included Apple (iTunes), Hotels.com, and Red Envelope. • Brainstormed, modeled, and evangelized new product offerings. Launched new products, including Evite Travel, Music Center, and ecards.