Senior Manager, Wattpad
Global Corporate Development
$150-180k
Office located in El Segundo, CA
Platform for sharing original writing
Posted today
Platform for sharing original writing
101-200 employees
Posted today
$150-180k
Office located in El Segundo, CA
101-200 employees
Company mission
Wattpad's mission is to create a world where everyone's story can be heard, and anyone can belong.
Role
Who you are
- Minimum 7+ years of M&A experience (investment banking, private equity, management consulting, corporate development)
- Strong knowledge or interest of the U.S. media & entertainment landscape
- Proficiency in financial modelling and driving M&A deals to completion
- Strategic thinker with excellent analytical and problem-solving capabilities
- Expert proficiency in Excel and PowerPoint; capable of building complex financial models and executive-ready presentations with structured rationale to support decision-making
- Exceptional written and verbal communication skills in English
- Proven ability to multi-task and manage multiple projects simultaneously
- Strong work ethic, attention to detail, and team player
- Ability to manage different working cultures and timezones
Desirable
- BA or equivalent experience required; MBA and/or international experience a plus
- Professional working fluency in spoken and written Korean or Japanese a plus
- Experience working for a major entertainment company a plus
What the job involves
- The Global Corporate Development team works directly with WEBTOON management to identify, evaluate, and execute inorganic growth opportunities through acquisitions, investments, or strategic partnerships
- This position plays a critical role in accelerating WEBTOON’s global expansion by collaborating with key stakeholders to ensure internal alignment with the company’s strategic priorities
- This is an exciting and challenging role in a fast-moving industry
- The ideal candidate is expected to bring financial analysis and deal experience, as well as strong critical thinking and problem-solving abilities
- Excellent communication is also a must, for engaging both internal and external stakeholders
- Identify, evaluate, and complete strategic growth opportunities, including M&A and new business development
- Collaborate with leaders across different business functions on market insights to support strategy and M&A activity
- Lead or support deal process - from sourcing to execution
- Construct detailed financial and valuation models
- Prepare executive-ready presentations that articulate the rationale for the proposed deal
- Participate in all facets of due diligence, including post-merger integration
- Cultivate relationships with industry leaders, startups, and investors
- Support other adjacent areas, such as strategic partnerships and new business initiatives
Our take
Content is king and Wattpad has managed to create a platform that aggregates the most loved original writing content in the world, turning the traditional publishing industry on its head.
Where authors used to submit drafts to dozens of publishing houses in the hope of getting some eyeballs on their work, Wattpad opened up the process to millions of young authors by letting them easily submit their work, and fostering a community around their software that offers feedback and help.
The e-reading platform is now looking to double down on its strategy of taking its user-generated fiction and turning it into successful intellectual property upon which original series and movies can be based. However, a significant challenge for Wattpad is in producing original, marketable content from its platform, given the popularity of fanfiction, stories which are based on existing intellectual property.
Another challenge for Wattpad is the current economic conditions, which have affected much of the tech sector and are not sparing digital publishing. Having shelved bold plans for the future, it also laid off 15% of its workforce in March 2023. Having realigned for its current business needs, however, it is now well placed to weather the current market downturn.
Freddie
Company Specialist at Welcome to the Jungle
Insights
3% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jan 2018
$51m
LATE VC
Apr 2014
$46m
SERIES C
Total funding: $117.8m
Company benefits
- Full health benefits
- Career development & Mentorship opportunities
- RRSP matching
- Generous parental Leave top-up
- Flexible hours
- Regular hackathons
- Healthy snacks & drinks
- Your choice of hardware
- Monthly work-from-home allowance
- Beautiful offices in Toronto and Halifax
- Easy access to transit
Company HQ
St. Lawrence, Toronto, ON
Leadership
Allen lau
(Co-Founder)Lau attended University of Toronto where he earned his bachelor's degree in electrical engineering followed by a master's in the same subject. Thereafter he briefly worked as a software engineer for Brightspark before founding his first notable company, Tira Wireless, a mobile development startup. He is also the co-founder of Two Small Fish Ventures, a fund that invests in Toronto and Waterloo-based early-stage internet companies with strong network effects.
Ivan Yuen
(Co-Founder)Prior to Wattpad, Ivan co-founded FeedM8 and served as the company’s CTO. Before that he was one of the first employees of Tira Wireless, where he helped grow the technical team and developed new and emerging wireless technologies. Ivan graduated from the University of Waterloo with a degree in Computer Engineering and also earned an MBA from the Rotman School of Management.
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