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Head of Business Development
2 months ago
About ThredUp
ThredUp is transforming resale with technology and a mission to inspire the world to think secondhand first. By making it easy to buy and sell secondhand, ThredUp has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love ThredUp because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With ThredUp's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. ThredUp has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, ThredUp is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Recognized on TIME Most Influential Companies of 2023, Digiday's WorkLife 50 2023, TIME's Best Inventions of 2022, and Lattice's People Success Awards 2022.
How You Will Make An Impact
We are looking for an experienced Head of Business Development & Strategic Partnerships to identify and cultivate growth initiatives for ThredUp . At its core, this role is about building a creative and high impact business development function that leverages ThredUp's core assets and strategic advantages to unlock new vectors of growth for the business. In addition to identifying and securing new business opportunities, you will manage and develop our Resale-as-a-Service (RaaS) business line.The ideal candidate is a strategic thinker with a proven track record in business development, relationship-building and closing deals, and is a masterful communicator who is passionate about our mission to inspire consumers to think secondhand first.
In This Role You'll Get To:
Plan Strategically: Develop and implement comprehensive business development strategies that align with ThredUp's overall goals and objectives.
Conduct Market Analysis: Conduct thorough market research to identify emerging trends, competitive landscape, and potential areas for growth.
Develop Partnerships: Identify, negotiate, and establish strategic partnerships and alliances that enhance the company's market position and drive revenue growth.
Acquire New Clients: Lead efforts to attract and acquire new clients, ensuring a steady pipeline of business opportunities.
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.
What We're Looking For:
Bachelor's degree in relevant field; MBA or equivalent advanced degree preferred.
7-10 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, driving to consensus while maintaining a clear focus on overarching business priorities.
Strong understanding of market dynamics, competitive landscape, and industry trends.
Exceptional negotiation, communication, and presentation skills.
Strategic thinker with excellent problem-solving and decision-making abilities.
At thredUP, your base pay is one part of your total compensation package. This role pays between $260,000and $320,000, and your actual base pay will depend on your skills, qualifications, experience, and location.
Many thredUP employees also have the opportunity to own shares of thredUP stock. thredUP employees are eligible for discretionary restricted stock unit awards, as well as a discount when purchasing thredUP stock if voluntarily participating in thredUP's Employee Stock Purchase Plan. Subject to eligibility requirements, you'll also receive other benefits: Comprehensive medical & dental coverage, vision, 401k, life and disability insurance.
This role is not eligible for visa sponsorship.
What We Offer:
4-day work week, with Fridays off
Hybrid work environment: 3 days in the office and 1 day remote each week
Competitive salary (we leverage market data)
Many ThredUp employees also have the opportunity to own shares of ThredUp stock and are eligible for discretionary restricted stock unit awards
Employee stock purchase plan
Flexible PTO (take the time you need) + 13 company holidays
Paid Sabbatical after 3 years of full time employment
Generous paid parental leave for new mothers and fathers
Medical, dental, vision, 401k, life and disability insurance offered
We live by our Core Values of Transparency, SpeakingUP, Thinking Big, Infinite Learning, Influencing Outcomes & Seeking the Truth
We believe diversity, inclusion and belonging is key for our team
At ThredUp, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we are proud to have fostered a workplace that is one-of-a-kind. As a company focused on diversity, inclusion and belonging, we are committed to ensuring our employees are comfortable bringing their authentic selves to work every day. A unique perspective is critical to solving complex problems and inspiring a new generation to think secondhand first. Be you.
If you are a candidate with a disability and have a reasonable accommodation request for the job application process, please email disabilitysupport@ThredUp.com the specific details of your disability related accommodation request. This email address is reserved for candidates with disabilities only. General application inquiries will not receive a response.
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