Full-Time

Network Company President

Confirmed live in the last 24 hours

Teamshares

Teamshares

51-200 employees

Facilitates employee ownership of small businesses

Fintech
Social Impact

Senior, Expert

Schenectady, NY, USA

Category
Project Management
Business Development
Business & Strategy
Required Skills
Financial analysis
Marketing

You match the following Teamshares's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Demonstrated expertise in managing operations and logistics
  • Strong track record of driving business development and marketing initiatives
  • Proven capability to prioritize and delegate tasks based on urgency and impact
  • Ability to communicate effectively, solve problems, and foster constructive collaboration with all employees
  • Proven people leadership abilities with strong interpersonal and communication skills
  • Possess an entrepreneurial spirit with a desire to build and innovate
  • Proven project management and problem-solving skills
  • Strong business acumen and analytical skills to oversee company financials
  • Embrace a growth mindset, with a willingness to explore new ideas and learn from mistakes
  • Demonstrate an open, agile mind, with a flexible and generous spirit
  • Ability to partner with stakeholders to establish a clear vision and develop strategies to achieve financial goals
Responsibilities
  • Serve as president of a small business in the e-commerce and retail industry
  • Determine/be responsible for all business strategy, operations, and P&L management
  • Lead an experienced team of existing employee owners
  • Collaborate on Financial Decisions
  • Drive Business Growth
  • Manage HR and Personnel Matters
  • Analyze Business Practices
  • Relationship management
  • Transitioning to Employee Ownership
  • Leading Growth Initiatives

Teamshares facilitates employee ownership of small businesses, particularly targeting those whose owners are nearing retirement. The company purchases these businesses and gradually transfers ownership to the employees, starting with 10% of the stock and increasing to 80% over 20 years. This approach helps maintain business continuity and prevents job losses that can occur when a business is sold or closed. Teamshares generates revenue from the profits of the businesses it acquires and also offers proprietary software, education, and financial products. By promoting employee ownership, Teamshares not only supports the financial stability of employees but also strengthens the local economy by preserving small businesses. The company differentiates itself by recruiting mission-driven leaders for the acquired businesses and providing them with extensive training.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$214.3M

Headquarters

New York City, New York

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Teamshares plans to expand into Japan, supported by major financial institutions.
  • The 'small business silver tsunami' offers significant acquisition opportunities for Teamshares.
  • Increased interest in employee ownership models supports Teamshares' mission and growth.

What critics are saying

  • Expansion into Japan may expose Teamshares to unfamiliar regulatory environments.
  • Increased competition from platforms like SKROL could challenge Teamshares' market position.
  • Reliance on debt financing could increase financial risk if businesses underperform.

What makes Teamshares unique

  • Teamshares is a market leader in small business employee ownership with 84 acquisitions.
  • The company uniquely transitions 80% ownership to employees over 20 years.
  • Teamshares provides proprietary software, education, and financial products to acquired businesses.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

401(k) Retirement Plan

Profit Sharing

Paid Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

1%

2 year growth

1%
Business Wire
Oct 3rd, 2024
Generational Group Advises Chariho Furniture in Its Sale to Teamshares

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Cha

PR Times
Jul 31st, 2024
MPower Partners Invests in Teamshares

Title: "MPower Partners Invests in Teamshares" Content: MPower Partners has made a growth equity investment in Teamshares, a company addressing the succession crisis in SMEs by acquiring businesses from retiring owners and transitioning 80% ownership to employees over 20 years. Teamshares has acquired over 90 SMEs in the US, creating 2,600 employee shareholders. The investment supports Teamshares' expansion into Japan, with backing from Mitsubishi UFJ Innovation Partners and Nomura Holdings.

Medium
Jul 31st, 2024
MPower Partners Invests in Teamshares

MPower Partners, Japan’s first ESG-focused global venture capital fund, has invested in Teamshares, an employee ownership platform for small businesses. Following investments by MUFG Innovation Partners in February and Nomura in March, Teamshares plans to establish its first employee-owned business in Japan this year. Teamshares aims to create a network of 10,000 employee-owned companies and $10 billion in stock wealth for employees.

Refresh Miami
Jul 11th, 2024
Skrol Closes $1.2M, Launches Business Acquisition Platform To Pioneer The Tech-Powered Future Of Smbs

By Riley KaminerLet’s say you’re fresh off an MBA at a top school. What’s your next step? The roles that were traditionally top of mind might have included consulting, investment banking, tech.Increasingly though, the top business minds are gravitating toward the world of small business, buying their way into the C-suite rather than founding companies. Search funds are one way to do it: raising some capital to buy a business – an activity that Harvard Business School even supports its students in doing.On the demand side, this interest in SMBs also adds up, with the US economy bracing for a so-called “small business silver tsunami” as baby boomers retire.Miami-based SKROL is getting in on the action and helping others ride the wave too. Founded by serial entrepreneur Michael Cassau (former leader of German-Miami unicorn Grover), the startup is building a tech-enabled platform to source, acquire, and improve small and medium sized businesses.To fuel this mission, SKROL has officially closed a $1.2 million pre-seed equity fundraise led by Magnetic Capital. In an interview with Refresh Miami, Cassau added that we can expect to see SKROL publicly announce a debt fundraise sooner rather than later, as this will enable the company to start buying businesses. A peek into the future of SKROL’s story – and a unique insight into the technology it has already built – can be found by visiting SKROL.ai, which just launched this week. There, the sourcing platform that SKROL has built for its internal deal sourcing purposes can be accessed for free

Coverage
Feb 1st, 2024
Teamshares Announces $225 Million In Debt Financing

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