Business Development at Repool (S21)
$100k - $175k  •  0.25% - 1.00%
Making hedge funds easy to create and join. For everyone.
New York City only
Full-time
3+ years
About Repool

Part of Y Combinator's Summer 21 batch, Repool makes it easy to create and join hedge funds for both talented retail investors and traditional emerging managers.

We're attacking the legacy fund services space, which is already a multi-dozen-billion dollar industry, yet comprised almost entirely by antiquated, manual-workflow heavy incumbents with human-capital intensive workflow. There's an immense opportunity for disruption as a true first-mover (see Angellist's $4B valuation doing something very similar with venture) that's incredibly exciting, and investors agree - just two months after being founded, we raised $3.7M in our Seed round from top investors like Canaan, Matrix, and Global Founders Capital, with angel investors like the founders of Brex, Mercury, Jeeves, and Forge.

Repool is an extremely transparent company with a focus on making sure we provide a transformative career experience for our employees - regardless of our own growth trajectory. We care deeply about avoiding common startup pitfalls and building a strong, reasonable, and formidable culture that helps employees with their next step, whether that be in 2 years or 10 years, and whether that be as a manager or IC. We also think that we are - given the space we're in - taking on some truly novel fintech and regtech challenges that are intellectually interesting no matter where you sit in the org.

At Repool, you'll closely with two founders who have robust prior operating experience at extremely successful growth startups. Justin was a senior and early engineer at Brex, where he was known for being an exceptional project manager and particularly strong at solving complex regulatory challenges via engineering. Kevin was the Head of Revenue and employee #4 at Vitally, where he lead the team to a Series A from a16z.

Come join us! Or, at least, think about joining us :)

About the role

ABOUT US:

Repool makes it easy to create and join hedge funds for everyone. We're modernizing an antiquated, fractured space and democratizing access to investment management for talented retail traders and traditional emerging managers alike.

Founded in 2021, Repool is a Y Combinator S21 fintech with $3.7M seed round from firms like Canaan, Matrix, and Global Founders Capital, as well as angel investors including founders from unicorns like Brex, Jeeves, Mercury, Flexport, Outschool, Pilot, and Forge, and VPs from Goldman Sachs, Barclays, and Bank of America.

The team currently has 7 employees split between NYC and SF.

THE ROLE:

We're hiring for a business development lead to work across all things customer-facing, with a particular empasis on bringing on new clients and helping them become successful post-sale. Ideally, this person comes from a finance or fintech background with experience in customer facing roles like investor relations, banking, fundraising, or client services; or in front or middle office roles such as trading, venture capital, or investment banking.

You'll own and run deals end-to-end, working directly with potential fund managers ranging from first-time retail investors to established fund managers launching new SPVs. To be successful, you'll learn complex regulatory and legal frameworks and be capable of applying them dynamically on calls based on each fund manager's unique facts and circumstances.

The role will be hybrid WFH/in-person. We believe that having an in-person presence in the early days is critical for team-building, morale, and culture.

WHAT YOU'LL DO HERE

  • Help establish and influence growth processes across both pre-sale business development and post-sale client success
  • Find ways to build demand and interest from prospective fund managers
  • Work with prospective clients to help them understand the fund services landscale and why they should work with Repool
  • Onboard new clients end-to-end, helping them launch their own fund
  • Learn and navigate sophisticated regulatory and legal frameworks associated with the investment management and fund formation space

THE RIGHT CANDIDATE WILL HAVE:

  • At least 3 years of full-time professional experience in client facing, banking, investing, or finance roles
  • Great communication and collaboration skills
  • A desire to be a part of and help build out great culture as the team grows
  • Experience with complex legal, regulatory, or finance frameworks
  • An entrepreneurial and self-driven mindset

NICE TO HAVES:

  • Passions outside of work!
  • Previous finance experience (tradfi or fintech)
  • Previous startup experience
  • A passion for investing, creator economies, and/or finance

REPOOL BENEFITS:

Despite being a very early stage startup, you'll find that we provide benefits better than most companies our stage. We don't want joining early to mean critical concessions in security or your well being. Consequently, we're proud to offer:

  • Highly competitive salary relative to experience and the role, and a meaningful equity stake
  • 100% covered, top-of-the-line health insurance, dental, and vision
  • 401k
  • 100% covered life insurance, short-term disability insurance, and long-term disability insurance.
  • HSA and FSA company contributions
  • Commuter benefits
  • Optional critical illness, voluntary life insurance supplement, accident, and hospital insurance options
  • Unlimited PTO

WHAT'S IMPORTANT TO US:

  • Culture. Between the two of us, we've been at companies with great culture, okay culture, and bad culture, and while there's no one way to have an amazing culture, there are many ways to have bad cultures. We want Repool to be a transformative, inspiring, and enjoyable place to work, and we're really interested in hiring for other people who feel similarly.
  • Reasonable expectations. We're early stage, and there will certainly be challenges and expectations here that go with that, but we also don't expect you to sell your soul to us or have no work-life balance. We will never call you family, and we will never ask anything of you that we would not have found reasonable ourselves when we were employees
  • Building great product and moving quickly. Our operating philosophy is to seek the truth, debate earnestly, and then - lastly, decide and go.
  • Becoming more formidable. Whether it's in 8 years or 2 years, we know it's unlikely that Repool is the last stop of your life and professional journey. We care deeply about supporting you in using Repool to get to whatever's next.
Technology

Foremost, we are indifferent to whether or not you have direct, prior experience with our stack! But we do use:

  • Phoenix
  • React, Django, GraphQL

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