Director of Corporate Development, Robinhood
$169.2-255k
+ Bonus plan & Equity plan. Salary dependent on location
More information about location
Commission-free stock trading platform
Open for applications
Commission-free stock trading platform
1001+ employees
Open for applications
$169.2-255k
+ Bonus plan & Equity plan. Salary dependent on location
More information about location
1001+ employees
Company mission
To democratize finance for all.
Role
Who you are
- The ideal candidate is strategic, relationship-oriented, analytical, creative, and results-oriented
- We are also open to candidates at the Principal level for this role
- 10+ years experience in investing (hedge fund, private equity, family office, venture capital), corporate development, or finance
- A tendency to reason from first-principles, using data and analysis to draw conclusions
- Familiarity with the fintech landscape
- Exceptional interpersonal skills and ability to develop strong working relationships
- Deep knowledge of digital/mobile business models and consumer technology
- Resourceful, persistent and able to thrive in a fast-paced, entrepreneurial environment
- Demonstrated ability to identify and prioritize key initiatives and related tasks
- Exceptional written and verbal communication skills
What the job involves
- Robinhood is looking for a Director of Corporate Development to accelerate Robinhood’s strategic roadmap by identifying, vetting, and executing mergers, acquisitions, and a variety of other potential transactions
- You will develop a detailed understanding of Robinhood’s strategic objectives and market landscape, working to identify high-potential acquisition opportunities across existing and future market verticals and geographies
- You will help build out Robinhood’s network and develop relationships that may lead to acquisitions or strategic investments in the future
- You will work closely with deal sponsors and cross-functional leaders across Robinhood on all aspects of M&A, including business case construction, valuation analysis, deal structuring, negotiation, due diligence, and deal execution
- You will present acquisition opportunities to company leadership & the board of directors, facilitate key acquisition decisions, and provide post-acquisition performance updates
- Analyzing Robinhood’s strategic landscape, gathering competitive industry intelligence, developing the business case & rationale for key M&A opportunities, and advocating for them internally
- Managing transactions from end-to-end, including sourcing, negotiating, diligencing, closing, and facilitating a seamless integration process
- Leading deal evaluation meetings, driving decision-making, and negotiating deals with objectivity, diplomacy, and effectiveness
- Cultivating external relationships that provide the opportunity for potential future acquisitions or investments
- Building scalable processes and best practices for Robinhood’s Corporate Development functions
Our take
For years, traditional brokers ruled the share trading realm, charging hefty fees that locked out everyday investors. Robinhood emerged as a disruptor, offering commission-free trading and opening the door to a new generation. Its innovative model thrives on premium features like increased buying power and extended trading hours, attracting a younger audience drawn to meme stocks like AMC and GameStop.
But Robinhood's not just about quick thrills. The company claims its mission lies in catering to "the unmet needs of the next generation," evidenced by its "Robinhood Retirement" launch, targeting gig-economy workers often excluded from financial planning. This commitment to accessibility aligns with its core values.
However, 2023 brought unexpected turbulence, as Robinhood became entangled in the FTX cryptocurrency exchange bankruptcy scandal when it emerged that the US Department of Justice seized hundreds of millions of dollars of the company's shares tied to FTX founder Bankman-Fried. Despite these challenges, Robinhood successfully bought back the missing stock, and its impact on democratizing finance remains undeniable.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 13 rounds)
Feb 2021
$2.4bn
CONVERTIBLE
Jan 2021
$1bn
LATE VC
Total funding: $5.6bn
Company benefits
- Well-being - Premium medical, dental, and vision insurance
- Family & home life - Parental leave, personal prosperity benefits
- Comfort & care - Annual lifestyle stipend
- Office life - Catered meals and fully stocked kitchen, commuter benefits
- Growth - Education and training, community events, career mentorships
Company HQ
Downtown Menlo Park, Menlo Park, CA
Leadership
Vlad Tenev
(Co-Founder)Studied Mathematics at Stanford University, where they met their fellow co-founder. Dropped out of a PhD to start Robinhood.
Baiju B.
(Co-Founder)Studied Mathematics and Physics at Stanford University, where they met their fellow co-founder.
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