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Full-Time

VP of Product Management

Posted on 9/4/2024

Stability AI

Stability AI

51-200 employees

Generative AI models for diverse applications

Consumer Software
AI & Machine Learning

Compensation Overview

$245k - $385kAnnually

+ Stock Options + Benefits

Expert

Los Angeles, CA, USA

Category
Product Management
Product
Required Skills
Sales
Communications
Management
Marketing
Requirements
  • 10+ years of experience in product management of B2B or B2C software products, with a proven track record of clearly communicating an overall multi-year vision and successfully launching products.
  • Strong leadership and people management skills, with the ability to inspire and motivate a high performing team of product managers
  • Excellent strategic thinking and analytical skills, with a deep understanding of market dynamics and customer needs.
  • Exceptional communication and presentation skills, with the ability to influence stakeholders at all levels.
  • Proven ability to manage multiple priorities and projects simultaneously.
  • Passion for technology and innovation, especially related to generative Artificial Intelligence, with a customer-centric mindset.
  • Bachelor’s degree in Business, Engineering, Computer Science, or a related field
Responsibilities
  • Develop and articulate a clear product vision and strategy aligned with the company’s overall business goals.
  • Lead, mentor, and develop a high-performing team of product managers. Foster a culture of innovation, collaboration, and continuous improvement within the product management team.
  • Define and manage the product roadmap, ensuring timely and successful delivery of products and features. Prioritize initiatives based on customer needs, market trends, and business impact. Balance the needs of our enterprise customers and our users in the open-source community.
  • Collaborate closely with engineering, marketing, and sales teams to ensure alignment and successful execution of product initiatives. Act as a bridge between technical teams and business stakeholders.
  • Develop use cases, features and implementation strategies with a strong focus on real-world problems our customers face.
  • Communicate product strategy, progress, and outcomes to executive leadership and key stakeholders. Provide regular updates on product performance and key metrics.
  • Collaborate closely with our world-class research team to identify new product opportunities and drive innovation to expand the company’s product offerings. Stay informed about emerging technologies and industry trends, focusing on applications of generative AI in content creation.

Stability AI focuses on generative artificial intelligence, providing advanced AI models to a diverse clientele, including individual developers and large corporations. Their main product, Stable Diffusion XL, is an open-source AI model that allows users to create innovative applications by downloading, modifying, and utilizing the technology freely. This open-source model encourages collaboration and speeds up innovation in the AI space. In addition to Stable Diffusion XL, they offer various other AI models for generating music, language processing, and video content, all available for free. Stability AI also has a membership program that offers additional features like self-hosting, catering to clients who need more control over their AI applications. Their freemium business model allows them to serve a wide range of users, from those with limited resources to large enterprises, with the goal of making advanced AI accessible to everyone.

Company Stage

Seed

Total Funding

$176M

Headquarters

London, United Kingdom

Founded

2019

Growth & Insights
Headcount

6 month growth

-18%

1 year growth

-10%

2 year growth

118%
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Simplify's Take

What believers are saying

  • Recent $80 million investment and new leadership under Prem Akkaraju could revitalize Stability AI's financial health and strategic direction.
  • The open-source nature of their models encourages widespread adoption and innovation, potentially leading to rapid technological advancements and market penetration.
  • Stability AI's ability to attract high-profile investors like Sean Parker and Eric Schmidt indicates strong confidence in the company's long-term potential.

What critics are saying

  • Financial instability, including a $30 million loss in Q1 2024 and $100 million in debt, poses significant risks to the company's operations and employee job security.
  • The recent leadership changes and restructuring efforts may lead to internal disruptions and affect the company's ability to execute its strategic plans effectively.

What makes Stability AI unique

  • Stability AI's open-source approach with models like Stable Diffusion XL fosters a collaborative environment, setting it apart from competitors who often offer proprietary solutions.
  • Their freemium business model allows them to cater to a wide range of clients, from individual developers to large corporations, unlike many competitors who focus solely on high-paying enterprise clients.
  • The company's focus on generative AI across multiple media types, including music, language, and video, provides a diverse portfolio that few competitors can match.