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Full-Time

Software Engineer

Data

Posted on 6/27/2024

OpenStore

OpenStore

51-200 employees

Acquires and manages online businesses for resale

Consumer Software
Consumer Goods

Mid, Senior

New York, NY, USA

Category
Backend Engineering
Software Engineering
Required Skills
Microsoft Azure
Python
SQL
Java
AWS
Scala
Data Analysis
Google Cloud Platform
Requirements
  • Bachelor's or Master's degree in Computer Science, Engineering, or related field
  • 4+ years of experience in data engineering
  • Proficiency in programming languages such as Python, Java, SQL, or Scala
  • Strong understanding of data processing technologies and distributed computing frameworks
  • Experience with cloud platforms such as AWS, Azure, or GCP
  • Hands-on experience with database systems and data warehousing solutions
  • Familiarity with containerization and orchestration technologies
  • Excellent problem-solving skills and attention to detail
  • Strong communication and interpersonal skills
  • Comfort working as both a data analyst and a backend engineer
  • Experience in an engineering-rich environment
Responsibilities
  • Design, build, and optimize end-to-end data pipelines
  • Design and implement scalable data models and architectures
  • Integrate data from multiple sources
  • Manage and optimize AWS cloud-based data infrastructure
  • Identify and resolve performance bottlenecks in data pipelines
  • Collaborate with cross-functional teams
  • Provide guidance and mentorship to other team members

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 as they transition out of their business. OpenStore's revenue comes from selling these curated products and from reselling the acquired businesses. Unlike many competitors, OpenStore offers a hassle-free acquisition process, often completing purchases in as little as two weeks. The goal of OpenStore is to support online business owners through a smooth transition while also expanding its portfolio of exclusive products.

Company Stage

Series B

Total Funding

$152M

Headquarters

Miami, Florida

Founded

2021

Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-10%

2 year growth

-1%
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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.

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