Director of Product, VRChat
Economy
+ Stock Option
Virtual world platform
Job no longer available
Virtual world platform
101-200 employees
Job no longer available
+ Stock Option
101-200 employees
Company mission
To build VRChat into one of the most successful community-driven social VR platforms in existence.
Role
Who you are
- 7+ years of product management in a high-growth consumer tech company
- Past expertise in virtual economies, e-commerce, gaming, UGC and/or social platforms
- University degree, with design, technical or business background or mix of education and experience
- Extensive experience in product intuition and UX design, with a healthy obsession to discover and fulfill the needs of users
- Expert at defining metrics and making product and strategic decisions based on A/B testing and/or qualitative feedback
- Intellectually curious about new technologies and societal changes, and understands how to apply innovations and trends to product opportunities
- Proven demonstrable impact, driving $10M+ high impact growth opportunities
What the job involves
- The Director of Product, Economy, is a highly strategic Senior IC role on the newly formed product management team at VRChat
- This person will have full ownership of the VRChat economy, consisting of our VRC+ subscription product, the Creator Economy, New Revenue Products, and Payments + Fraud Prevention
- This person will play a pivotal role in establishing the VRChat economy as a core heartbeat of our product and company, thereby shaping the future of our platform and driving revenue growth
- This role reports into VP Product at VRChat, and will work closely with a dedicated cross functional team, heads of various functions, with periodical interaction with the exec team and the VRChat Board as well
- Take ownership of the entire Economy roadmap and establish a good framework for categorization and prioritization
- Support high quality execution with timely decisions and team leadership
- Create the short and long term strategy for this space, and align it with higher level product vision and strategy
- Actively oversee live operations of the economy, monitoring KPIs to find opportunities and issues
- Run a smooth and collaborative planning process to generate plans that reflect strategic goals, user insights and past learnings
- Manage execution throughout the half to deliver against goals and objectives
- Represent progress at periodic product reviews, and seek leadership support in a timely manner to unblock execution
- Partner with production for execution support and work collaboratively to resolve issues
- Stay current on industry trends and best practices in virtual economies, e-commerce, gaming, UGC and social platforms to inform strategic decisions
- Develop and maintain strong relationships with key stakeholders, including the Creators team, creators, partners, and the broader VRChat community
- Support the VP Product in critical strategy, organization and execution areas
Our take
Virtual Reality is one of the technologies with the highest projected potential for growth. VRChat offers a free-to-play metaverse platform where users gather as avatars in virtual spaces to socialize and hang out, just as one would in real life.
Whilst competitor Rec Room has a greater valuation, VRChat has positioned itself as the leading VR socializing-based product. It taps into a modern desire to form connections in digital spaces, with some users meeting their real-life partners in their virtual avatar form. When contemplating VR’s popularity, it cannot be denied that virtual realities enable freedom of self-expression, an attractive proposition perhaps for those who struggle with their identity and place in the real world.
The company recently announced a 30% workforce reduction, addressing overhiring during its 2021 boom. Despite these layoffs, the company remains focused on long-term growth and capital efficiency, positioning itself for continued success as VR becomes a key part of social connection.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 4 rounds)
Jun 2021
$80m
SERIES D
Sep 2019
$10m
SERIES C
Total funding: $95.2m
Company benefits
- Work remotely: Work from anywhere! They use collaboration software to stay organized and VRChat for meetings and hanging out.
- Health and wellbeing: Medical, Dental and Vision plans for those in the United States, and extended health plans in British Columbia, Canada.
- Fun: Monthly team dinners, get-togethers and once a year, they travel somewhere fun for a few days to hang out, catch up, brainstorm and have fun.
- Tools: You’ll be provided a powerful PC, high-end VR hardware, and any software you need to make you effective in your role.
- Vacations: Flexible vacation schedules that are encouraged. Most United States and Canadian holidays are observed by everyone on the team.
- Swag: Great VRChat and Developer Team Swag such as hoodies, coffee mugs, t-shirts, sun glasses and even custom 3D printed goodies.
Company HQ
Financial District, San Francisco, CA
Leadership
Graham Gaylor
(Co-Founder & CEO)Interned at SmartVault, RSM Design, Equivalent DATA, and Seismic Exchange, before spending time at ChaiONE as an iOS Developer at at Zynga as a Software Engineer.
Jesse Joudrey
(Co-Founder & CTO)Owner and CTO at Jespionage Entertainment. Began as a Software Engineer for Electronic Arts Canada before co-founding and serving as CTO for A.C.R.O.N.Y.M Games Inc.
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