Full-Time

Head of Corporate Development

Posted on 7/25/2024

MasterClass

MasterClass

501-1,000 employees

Subscription-based platform for expert-led classes

Education
Consumer Goods

Compensation Overview

$240k - $280kAnnually

Senior, Expert

San Francisco, CA, USA + 2 more

More locations: Los Angeles, CA, USA | New York, NY, USA

Category
Business Development
Business & Strategy
Requirements
  • BS/BA degree required – candidates with an MBA preferred.
  • 10+ years of experience in the internet, media, software, and/or consumer tech industry in a corporate development/strategy leadership role/investment banking.
Responsibilities
  • Partner with senior executive to identify industry trends, develop our growth and ingrowth strategies, and identify strategic partners and investment opportunities that accelerate MasterClass’s mission and roadmap
  • Lead special projects including complex partnership deals and execution, aimed at enhancing the company's financial health and strategic positioning, including preparing for future financial milestones and transformation initiatives.
  • Establish and maintain relationships with senior executives from startups, technology, and VCs to inform product strategy and stay up-to-date with the competitive landscape
  • Prepare memos and presentations to synthesize key findings and recommendations

MasterClass offers a subscription-based streaming platform that allows users to access a variety of classes taught by experts in different fields, including Arts & Entertainment, Business, Design & Style, Sports & Gaming, and Writing. Each class typically consists of around 20 video lessons, each lasting about 10 minutes, enabling learners to progress at their own pace. The platform enhances the learning experience with high-quality visuals and practical demonstrations, along with downloadable workbooks to support the lessons. Unlike many other educational platforms, MasterClass focuses on providing insights from renowned professionals, making it appealing to those who want to learn from the best. The goal of MasterClass is to cater to a global audience of lifelong learners and enthusiasts by offering diverse subjects through an accessible and engaging format.

Company Stage

Series F

Total Funding

$448.8M

Headquarters

San Francisco, California

Founded

2015

Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for online learning boosts MasterClass's potential subscriber base.
  • Collaboration with high-profile experts like Joanna Gaines attracts new subscribers.
  • Rising popularity of short-form video content aligns with MasterClass's 10-minute lessons.

What critics are saying

  • Increased competition from free platforms like YouTube may affect subscriber growth.
  • Economic downturns could reduce discretionary spending on subscriptions.
  • AI-generated content may saturate the market, challenging MasterClass's differentiation.

What makes MasterClass unique

  • MasterClass offers exclusive classes taught by world-renowned experts and celebrities.
  • The platform provides cinematic visuals and hands-on demonstrations for an immersive learning experience.
  • MasterClass covers a wide range of subjects, appealing to diverse interests and learners.

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