Consumer Product Lead, OpenStore
Shopify business acquisition company
Open for applications
Shopify business acquisition company
101-200 employees
Open for applications
101-200 employees
Company mission
To provide life-changing liquidity to ecommerce entrepreneurs.
Role
Who you are
- 8+ years of experience in Product Management, Product Design, or Engineering
- Prior experience working on a consumer product, ideally with some apparel and social experience
- Prior experience taking projects from 0 to 1 with little oversight and ability to articulate the why’s and how’s
- Hard-working and high-intensity culture
- Deep understanding of end-to-end user journeys
- Prior experience building and scaling user engagement features/apps
What the job involves
- We’re looking for a Consumer Product Lead to work directly with Keith Rabois to design, develop, and scale this consumer app
- You’ll be the lead of this product from 0 to 1 and need to have a deep understanding of consumers, shopping, and how to build iOS-native consumer experiences
- Paired directly with the CEO, this role requires a high-intensity work ethic with analytical rigor behind decisions
- You’ll be responsible for leading design and engineering counterparts to bring this product to life
- Work with design and engineering to ideate, develop, launch, and scale a iOS consumer app for the leading brand in OpenStore’s portfolio – connecting consumers together in a social shopping experience
- Have full ownership over the experience and iterate based on a deep understanding of the target consumer
- Dig into the data, come up with hypotheses, and run A/B tests across various interactions on the app
- Build the community, measure retention, and redefine the men’s apparel category
Our take
Founded in spring 2021, OpenStore helps entrepreneurs looking to sell their Shopify businesses. The platform buys businesses directly, making automated bid offers within 24 hours of a company submitting their details, and closing the deal in as little as 1 week with no transaction fees.
This is an improvement on legacy brokerage services, which typically take a hefty cut and can make for slow sales. It is likely to prove appealing to the 80% of small Shopify sellers reportedly amenable to acquisition. With the hefty investment they raised within months of being founded, which nearly tripled by winter, they are swiftly onboarding talent to scale up and refine their model.
It’s a model that sees OpenStore follow in the footsteps of other holding companies like Thrasio, who provide a similar service for Amazon brands and have enjoyed significant success. The concern here is whether or not OpenStore can hold its own against rivals turning their hands to the Shopify space, especially as this business model has been adopted by many new players like Pattern Brands and Perch. That being said, OpenStore appears to be keeping its head above the water, having closed a funding round of $32 million led by Lux Capital in September 2022.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
494% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Sep 2022
$32m
LATE VC
Nov 2021
$75m
SERIES B
Total funding: $137m
Company HQ
Wynwood Art District, Miami, FL
Articles
Leadership
Matt Lanter
(Head of Product)Matt has previoudly been Chief of Staff at Founders Fund to Keith Rabois. Before this, they served as Engineering Manager at OpenDoor, and Technical Lead at Facebook.
Jeremy Wood
(Head of Engineering)Previously worked in Engineering at One Kings Lane and Google.
Michael Rubenstein
(President)Previously Founder & General Manager of DoubleClick Ad Exchange (which later became part of Google). Since then, has been on Board of Directors at IAB and President & Board of Directors at AppNexus (later rebranded as Xandr).
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 6 more jobs at OpenStore