Full-Time

Head of Sales & Business Development

Confirmed live in the last 24 hours

ThredUp

ThredUp

501-1,000 employees

Online consignment for secondhand clothing

Consumer Goods

Compensation Overview

$200k - $260kAnnually

Senior, Expert

No H1B Sponsorship

Oakland, CA, USA

Hybrid work environment: 3 days in the office and 1 day remote each week.

Category
Business Development
Business & Strategy
Requirements
  • Bachelor’s degree in relevant field
  • 7+ years of relevant work experience, including entrepreneurship, strategy consulting, private equity, or corporate development experience in a high-growth organization (bonus points for experience at an e-commerce marketplace)
  • Ability to weigh competing priorities, manage trade offs, and evaluate opportunistic new ideas, influencing at every level of the organization, driving to consensus while maintaining a clear focus on overarching business priorities
  • Strong understanding of market dynamics, competitive landscape, and industry trends
  • Exceptional negotiation, writing, communication, and presentation skills
  • Strategic thinker with excellent problem-solving and decision-making abilities
Responsibilities
  • Manage Critical Business Lines: RaaS and Dropshipping are two of our most important B2B business lines, with tremendous room for growth and impact on our overall business.
  • Acquire New Clients: Lead efforts to attract and acquire new clients in our RaaS and Dropshipping businesses, ensuring a steady pipeline of business opportunities.
  • Plan Strategically: Develop and implement comprehensive business development strategies that align with ThredUp's overall goals and objectives.
  • Develop Partnerships: Identify, negotiate, and establish strategic partnerships and alliances that enhance the company’s market position and drive revenue growth.
  • Generate Revenue: Drive revenue growth through the identification and pursuit of new business opportunities, including new markets, products, and services.
  • Team Leadership: Build, mentor, and lead a team, fostering a culture of innovation, collaboration, and excellence.
  • Stakeholder Engagement: Collaborate with internal and external stakeholders, including senior management, to align business development initiatives with the company’s strategic objectives.
  • Performance Metrics: Establish and monitor key performance indicators (KPIs) to measure the effectiveness of business development activities and adjust strategies as needed.
  • Reporting: Provide regular updates to the executive team on progress, challenges, and opportunities in business development and strategic partnerships.

thredUP operates an online platform for buying and selling secondhand clothing, shoes, and accessories. Users can sell their gently used items by sending them to thredUP, where the company inspects, photographs, and lists them for sale. Buyers can find a variety of products, including premium brands, often at significant discounts. thredUP generates revenue by taking a commission on each sale and offers a "Clean Out" service that allows sellers to send in items for free, simplifying the process of decluttering. Unlike many competitors, thredUP emphasizes sustainability and affordability, appealing to budget-conscious and eco-friendly shoppers. The company's goal is to make secondhand shopping convenient and accessible, promoting conscious consumerism.

Company Stage

IPO

Total Funding

$226.5M

Headquarters

San Francisco, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

2%

1 year growth

1%

2 year growth

14%
Simplify Jobs

Simplify's Take

What believers are saying

  • The introduction of AI tools can significantly enhance user engagement and streamline the shopping experience, potentially boosting sales.
  • ThredUp's diverse product range, including premium brands and 'New With Tags' items, attracts a wide customer base and encourages repeat business.
  • The growing trend of conscious consumerism and the increasing popularity of secondhand shopping, especially among millennials, provide a strong market opportunity.

What critics are saying

  • Economic pressures and low consumer confidence may continue to impact revenue, as seen in recent declines.
  • The competitive landscape, with strong players like Goodwill, eBay, and emerging platforms like Shein Exchange, poses a threat to ThredUp's market share.

What makes ThredUp unique

  • ThredUp's AI-driven shopping tools, including enhanced search and chatbot features, set it apart by improving user experience and product discovery.
  • The company's 'Clean Out' service simplifies the selling process, making it convenient for users to declutter and earn money, unlike traditional thrift stores.
  • ThredUp's focus on sustainable fashion and eco-friendly shopping appeals to environmentally conscious consumers, differentiating it from fast fashion retailers.

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