Full-Time

Strategy & Acquisition Analyst

Confirmed live in the last 24 hours

OpenStore

OpenStore

51-200 employees

Acquires and manages online businesses for resale

Consumer Software
Consumer Goods

Mid

Miami, FL, USA

Category
Corporate Finance
Venture Capital
Finance & Banking
Required Skills
SQL
Business Analytics
Excel/Numbers/Sheets
Requirements
  • 2-4 years of relevant experience in finance, consulting, or business analytics.
  • Prior M&A experience is a plus.
  • Familiarity with e-commerce and consumer retail is preferred but not mandatory.
  • Strong attention to detail and a collaborative spirit.
  • Proficiency in Excel and Google Sheets; knowledge of SQL and coding is a bonus.
Responsibilities
  • Conduct in-depth analyses and due diligence on potential acquisitions.
  • Assess how these businesses fit within the OpenStore ecosystem, employing both quantitative and qualitative metrics to determine their value.
  • Identify key risks and actionable opportunities post-acquisition, supporting your findings with data and comprehensive memos for leadership.
  • Take ownership of your own deals, making impactful decisions and executing strategies that align with our objectives.
  • Work closely with various teams, including Operations, Finance, Marketing, Product Development, and Engineering, as well as with the founders of target companies.
  • Share your insights with the operating team to help them understand market trends, competitive dynamics, and growth opportunities.
  • Support them in implementing initiatives that enhance performance and drive value creation.
  • Engage with a talented team that values teaching and learning.

OpenStore operates in the e-commerce sector by acquiring online businesses, managing them for a year, and selling curated products from exclusive brands. The company guarantees original owners a set monthly income during the management period, providing financial security regardless of the business's performance. This model appeals to online store owners looking to sell their business and those wanting a hands-off approach. OpenStore differentiates itself with a hassle-free acquisition process, promising to finalize purchases in as little as two weeks. The goal is to create a seamless transition for sellers while generating revenue through product sales and the resale of acquired businesses.

Company Stage

N/A

Total Funding

$133.3M

Headquarters

Miami, Florida

Founded

2021

Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-13%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • OpenStore's rapid growth and significant funding, including over $150 million in venture capital, indicate strong financial health and expansion potential.
  • The company's innovative approach to e-commerce, including successful initiatives like increasing Jack Archer's revenue from $1M to $10M, showcases its ability to scale businesses effectively.
  • OpenStore's commitment to employee well-being and creative collaboration, as evidenced by its expanded Miami office with wellness rooms and themed conference spaces, enhances its attractiveness as an employer.

What critics are saying

  • The reliance on acquiring and managing a diverse portfolio of online businesses could lead to operational complexities and integration challenges.
  • Guaranteeing a set monthly income to original business owners regardless of performance may strain financial resources if acquired businesses underperform.

What makes OpenStore unique

  • OpenStore's unique model of acquiring, managing, and reselling online businesses within a year, while guaranteeing a set monthly income to original owners, sets it apart from traditional e-commerce platforms.
  • The company's focus on curated products from exclusive brands and a hassle-free acquisition process finalized in as little as two weeks provides a distinct competitive edge.
  • OpenStore's strong backing from prominent investors like Lux Capital, Atomic, Founders Fund, and Khosla Ventures, along with its Miami-based operations, further differentiates it in the market.

Help us improve and share your feedback! Did you find this helpful?