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Full-Time

Director of Business Development

Confirmed live in the last 24 hours

Databento

Databento

11-50 employees

Real-time and historical financial data platform

Data & Analytics
Fintech
Financial Services

Senior, Expert

Salt Lake City, UT, USA + 4 more

Category
Business Development
Business & Strategy
Required Skills
Sales
Communications
Hubspot
Marketing
Requirements
  • Understand and communicate with our user base of developers and quants.
  • Experience with PLG, data products, quant trading, and/or market microstructure.
  • Extreme attention to detail and record-keeping, as well as the ability to automate processes in Hubspot.
  • Professional communication skills that align with the tone of an institutional financial product.
  • White-glove management of the sales cycle with continual buy-in from the customer, discovering the user's pain points, signs of friction, being honest when our product isn't the best fit, not being too pushy or salesy, and knowing when to continue vs. back off.
  • Readiness to work within a startup environment with limited resources and personnel.
Responsibilities
  • Work with the sales and marketing teams to find new prospects and nurture the existing pipeline.
  • Drive revenue growth by achieving aggressive sales targets and actively pursuing new business opportunities.
  • Establish and maintain accurate, timely, and documented forecasting and record-keeping procedures, keeping our CRM up-to-date and organized.
  • Build a network of executive relationships across the industry and with key partners and customers, gathering and relaying relevant feedback.
  • Stay up-to-date with industry trends, market dynamics, and competitor activities to identify potential business opportunities and adapt sales strategies accordingly.
  • Collaborate across teams to align sales efforts with overall company objectives and ensure a seamless customer experience.

Databento offers a conducive environment for those passionate about the intersection of technology and finance, providing a self-service platform for real-time and historical data access. The company stands out for its pay-per-use pricing model, enabling financial institutions and startups to efficiently manage data costs. Its focus on delivering tailored exchange feeds showcases a commitment to adapting innovative data solutions to the needs of a diverse client base.

Company Stage

Series A

Total Funding

$67.4M

Headquarters

Boston, Massachusetts

Founded

2019

Growth & Insights
Headcount

6 month growth

-12%

1 year growth

-15%

2 year growth

68%
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Simplify's Take

What believers are saying

  • The recent $31.8 million strategic investment provides Databento with substantial capital to fuel growth and innovation.
  • Offering Nasdaq TotalView-ITCH live data and other proprietary feeds positions Databento as a comprehensive data provider for financial markets.
  • The zero license fee model for US equities bundles can attract a wide range of clients, from web apps to systematic traders, boosting user adoption.

What critics are saying

  • The financial market data sector is highly competitive, with established players like Bloomberg and Refinitiv posing significant challenges.
  • Providing free services, such as the public NTP service, may strain resources and impact profitability if not managed carefully.

What makes Databento unique

  • Databento offers the industry's first US equities bundle with zero license fees, setting it apart from competitors who charge significant fees.
  • The launch of a free public NTP service optimized for algorithmic trading highlights Databento's commitment to addressing specific market needs.
  • Partnerships with technology providers like Napatech for FPGA-based capture processes enhance Databento's data accuracy and reliability.