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Full-Time

Business Development

Posted on 8/12/2024

Monad Labs

Monad Labs

11-50 employees

Decentralized Layer 1 smart contract platform

Fintech
Crypto & Web3

Compensation Overview

$160kAnnually

Junior, Mid

Remote in USA + 1 more

Category
Business Development
Business & Strategy
Required Skills
Communications
Requirements
  • You have at least two years of experience in business development or similar GTM role in the web3 industry (preferably at early stage startup) with a demonstrable track record
  • You are an excellent communicator, both written and verbally, and you are familiar with web3 communication styles (e.g. using TG, crypto vernacular, etc.)
  • You are a hero for our partners; you are able to quickly assess, identify and effectively speak to potential partner’s pain points / value drivers and how we can help
  • You are action oriented: you are biased toward action while respecting team-oriented priorities
  • You are crypto native, with meaningful understanding of crypto concepts, technical overviews, culture, and industry segments
  • You have superb time management skills, and aim to optimize usage of time, both for yourself and for teammates
  • You are a strong networker; you build and maintain relationships with key players in the industry
  • You are autonomous and self-motivated, and are proactive in pursuing opportunities
  • You are a strategic thinker; you efficiently assess the importance of opportunities and accelerate accordingly
Responsibilities
  • Managing, evaluating, and triaging relationships with inbound leads as the first point-of-contact
  • Optimizing processes and strategy for lead focus, management, and generation
  • Conducting strategic outbound activities, initiating touchpoints with important prospects
  • Sourcing, identifying and proactively pursuing promising opportunities
  • Cultivating and developing expertise on certain segments, such that you can grow into owning strategy and direction for respective category
  • Working cross-functionally regularly to support internal teams on BD functions
  • Supporting and driving on complex deal contracts and negotiations

Monad operates in the blockchain and cryptocurrency market, providing a decentralized Layer 1 smart contract platform that is compatible with Ethereum. This platform allows developers to build decentralized applications (dApps) with improved performance and scalability compared to existing solutions. Monad can process up to 10,000 transactions per second using a technique called "superscalar pipelining," which enables the simultaneous execution of multiple transactions. This capability is particularly beneficial for applications that require high security and transparency, such as financial services and supply chain management. Unlike its competitors, Monad focuses on delivering a platform that supports more complex and high-usage applications, making it an appealing choice for developers and businesses. The company's goal is to capture a significant share of the growing blockchain market by providing an efficient and scalable solution for dApp development.

Company Stage

Series A

Total Funding

$235.8M

Headquarters

Remote, Oregon

Founded

2022

Growth & Insights
Headcount

6 month growth

181%

1 year growth

181%

2 year growth

650%
Simplify Jobs

Simplify's Take

What believers are saying

  • Monad's high transaction speed and scalability can attract a wide range of developers and businesses, leading to rapid adoption and growth.
  • The recent $225 million Series A funding round led by Paradigm positions Monad for aggressive expansion and technological advancements.
  • Partnerships with entities like Hex Trust and OKX Ventures enhance Monad's ecosystem and credibility in the blockchain space.

What critics are saying

  • The competitive landscape in the blockchain sector is intense, with established players like Ethereum and Solana posing significant challenges.
  • Raising substantial funds and high valuation expectations can create pressure to deliver rapid results, potentially leading to strategic missteps.

What makes Monad Labs unique

  • Monad's Ethereum compatibility combined with its ability to handle up to 10,000 transactions per second through superscalar pipelining sets it apart from other blockchain platforms.
  • The focus on high-performance and scalability makes Monad particularly attractive for complex and high-usage decentralized applications (dApps).
  • Strategic partnerships and significant funding from major investors like Paradigm and OKX Ventures provide Monad with a strong financial and collaborative foundation.

Benefits

Health, Dental, and Vision coverage: you pick the plan, we reimburse 100% of your premium

$2,000 remote office equipment reimbursement

$200 monthly wellness and fitness reimbursement

Unlimited PTO, minimum 15 days per year

11 company-observed holidays in the US

Flexible work hours, flexible remote-work policy

Quarterly team on-sites

INACTIVE