Full-Time

Business Development

Posted on 8/12/2024

Monad Labs

Monad Labs

51-200 employees

Decentralized Layer 1 smart contract platform

Compensation Overview

$160k/yr

Junior, Mid

Remote in USA + 1 more

More locations: New York, NY, USA

Majority of the team works together in NYC three days a week; strong preference for candidates based in NYC.

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. Monad can process up to 10,000 transactions per second using a technique called "superscalar pipelining," which enables the simultaneous execution of multiple transactions, making it faster than many existing blockchain platforms. The company primarily serves developers and businesses that require high security and transparency for their applications, such as those in financial services, supply chain management, and gaming. Monad's business model includes generating revenue through transaction fees and partnerships with businesses utilizing its platform. The goal of Monad is to capture a significant share of the growing blockchain market by offering a more efficient and scalable solution for dApp development.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$266.6M

Headquarters

New York City, New York

Founded

2022

Simplify Jobs

Simplify's Take

What believers are saying

  • Monad's $225 million funding boosts resources for scaling and development.
  • Integration with Band Protocol enhances dApp security and reliability on Monad.
  • Orderly Network integration positions Monad as a key DeFi player with enhanced liquidity.

What critics are saying

  • Competition from Solana and other high-performance blockchains may limit Monad's market share.
  • Reliance on Ethereum compatibility poses risks if Ethereum faces ecosystem challenges.
  • Success of Monad's mainnet launch is critical; any issues could impact reputation.

What makes Monad Labs unique

  • Monad processes up to 10,000 transactions per second using superscalar pipelining.
  • It offers full EVM compatibility, enhancing portability for Ethereum-based applications.
  • Monad's parallel execution reduces transaction costs and improves user experience.

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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

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

41%

2 year growth

41%
CoinsHolder
Mar 31st, 2025
Band Protocol Integrates with Monad Testnet for Decentralized Oracle Solutions

Band Protocol integrates with Monad testnet, offering secure and decentralized oracle solutions ahead of Monad's mainnet launch.

BeInCrypto
Feb 27th, 2025
Monad Testnet Is Now Live: Significant Milestone In The Early Stage

Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. Monad has reached a significant milestone with the official launch of its testnet on February 19, 2025. Monad is a fully EVM-compatible and highly scalable Layer 1 blockchain, capable of processing up to 10,000 transactions per second (TPS). With the launch of the testnet phase, Monad provides a secure, risk-free environment for developers to build, test, and refine their applications before deploying them on the Monad Mainnet

Decrypt
Feb 22nd, 2025
How To Prepare For Monad: The High-Speed Evm Layer-1 Blockchain

A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare. After years of building and more than $225 million raised, Monad officially unveiled its testnet on February 19. The high-performance Ethereum Virtual Machine layer-1 network aims to rival the speed and scalability that Solana offers, while interacting with the vast Ethereum ecosystem and its applications and protocols. It does so by using parallel execution, in other words, executing transactions that don’t depend on each other at the same time, boasting more than 10,000 transactions per second in the process. Before the highly-anticipated debut of its mainnet, here’s how you can prepare for Monad. Dig deep on testnetThe Monad Testnet is the first version of the network that is publicly available for users. On day one of its start, a variety of apps and protocols were available, allowing users to get a feel for the upcoming mainnet while potentially earning along the way. The project encourages users to engage with Monad’s testnet using a fresh browser, and fresh wallet for the most secure experience. Acquiring testnet tokensTo interact on testnet, users will need testnet Monad tokens which users can acquire from the Monad faucet. Testnet tokens do not have any economic value, but allow individuals to facilitate transactions with apps and protocols on the development network. The faucet allows any EVM address to claim Monad testnet tokens every 12 hours. Those with a verified role in the Monad Discord may be eligible to claim a larger share of tokens when using the faucet. Additionally, in the hope of getting users to engage with Monad testnet, the project sent more than 8.8 million EVM addresses some testnet tokens in advance based on their on-chain activity with other blockchains. To check your balance, users can add the Monad Testnet to any EVM compatible wallet. Some popular wallets, like Phantom and Backpack, already provide native support for Monad and its testnet. Engage with apps on testnetMonad’s testnet has a robust ecosystem of apps, which can all be found in the network’s directory

Adkhabar
Feb 19th, 2025
Orderly Integrates Monad to Deliver Omnichain DEX Liquidity

By integrating Orderly's cross-chain liquidity with Monad's high-performance blockchain, this initiative contributes to an interconnected DeFi landscape with user experience at its core.

Coinomist
Feb 18th, 2025
Monad Announces Public Testnet Launch for February 19

Monad, a Layer 1 blockchain utilizing parallel execution, will launch its public testnet on February 19, introducing a new approach to high-performance blockchain processing.

INACTIVE