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Full-Time

Corporate Counsel

Posted on 9/5/2024

PicsArt

PicsArt

1,001-5,000 employees

Photo and video editing mobile app

Consumer Software
Entertainment

Mid, Senior

New York, NY, USA

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Mergers & Acquisitions (M&A)
Marketing
Requirements
  • J.D. degree from an A.B.A. accredited law school; admitted to and member in good standing of a state bar, preferably New York or California
  • 4-6 years of relevant experience at a top law firm, with previous in-house experience strongly preferred
  • Experience with intellectual property licensing preferred
  • Ability to multitask, problem solve, prioritize, think critically and exercise judgment
  • Strong sense of accountability, integrity, and willingness to take ownership over projects and responsibilities and resolve issues proactively
  • Ability to learn quickly and take on challenging new projects with enthusiasm
  • Excellent commercial negotiation and drafting skills
  • Fluency translating legal advice into actionable guidance for business teams
  • Collaborative team player with excellent interpersonal skills and a good sense of humor
Responsibilities
  • Serve as legal support for corporate transactions, including securities offerings, financings, investments, acquisitions and divestitures and other strategic transactions, and provide oversight on executive compensation administration
  • Draft, review, and negotiate a wide range of strategic agreements and commercial contracts that support and enable our business operations under tight deadlines
  • Support our corporate governance activities, including managing our international corporate governance, international registration, and compliance processes
  • Act as lead counsel for select overseas hubs
  • Provide business-focused legal advice across the organization on commercial legal matters (marketing and content, for example) and important business initiatives, such as Picsart’s B2B focus
  • Drive continuous improvement of standard form agreements and legal processes, with an emphasis on efficiency and scalability
  • Collaborate with other legal team members to share ideas, teach and learn from each other, and improve how we work

PicsArt provides a platform for digital photo and video editing, offering a wide range of tools to enhance and transform visual content. Users can access the platform through mobile apps, allowing them to edit images and videos conveniently. Key features include photo editing, video trimming, background removal, sticker creation, image upscaling, text addition, and promotional video creation. The app is designed to be user-friendly, catering to both beginners and experienced creators. PicsArt operates on a freemium model, where the basic app is free, but users can subscribe to PicsArt Gold for premium features and an ad-free experience. The company stands out in a competitive market with its extensive feature set and a strong community of over 150 million monthly active users. Its goal is to empower individuals and brands to elevate their visual content through accessible and versatile editing tools.

Company Stage

Series C

Total Funding

$204.2M

Headquarters

Miami Beach, Florida

Founded

2011

Growth & Insights
Headcount

6 month growth

0%

1 year growth

15%

2 year growth

9%
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Simplify's Take

What believers are saying

  • The launch of AI-powered tools like 'Smart Background' and 'Adpilot' demonstrates PicsArt's commitment to innovation and enhancing user experience.
  • PicsArt's strategic partnerships, such as with Getty Images, provide access to exclusive content and advanced AI capabilities, potentially attracting more users and subscribers.
  • The platform's versatility in serving individual creators, influencers, and businesses offers diverse revenue streams and growth opportunities.

What critics are saying

  • The highly competitive digital editing market requires continuous innovation to maintain user interest and market share.
  • Reliance on a freemium model means PicsArt must consistently convert free users to paying subscribers to sustain revenue growth.

What makes PicsArt unique

  • PicsArt's partnership with Getty Images to develop a custom AI model for image generation sets it apart by ensuring access to high-quality, licensed content.
  • The freemium model with a robust subscription service (PicsArt Gold) offers advanced features and an ad-free experience, appealing to both casual and professional users.
  • With over 150 million monthly active users and availability in more than 30 languages, PicsArt's extensive global reach and community-driven approach distinguish it from competitors.