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Business Development

At Monad Foundation, we are a team of dedicated ecosystem and community builders who are on a mission to usher in a future powered by blockchain technology. We believe that the Monad blockchain--a performant and parallel EVM Layer 1--can bring that future into the present.

The Role

We are looking for a talented Business Development professional to focus on strategic market development at Monad. You will own the early and middle stages of the business development process, and will be actively involved in the optimization and execution of inbound/outbound lead strategies. Your work will be instrumental to identifying potential opportunities across the industry, and in building and maintaining strong relationships with projects looking to build on the Monad blockchain.

This role is critical to Monad’s success as it will be core in building and shaping the landscape of Monad’s future ecosystem across apps and infrastructure. 

What You Will Do

  • 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 touch points 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

Who You Are

  • You have a minimum of 5 years of experience in business development or similar GTM role with demonstrable track record 

    • A minimum of 2 years in the web3 industry (preferably at an early stage startup)

  • You have 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

Nice to Have

  • You have strong existing relationships in the industry

  • You have strong knowledge of different sectors of a blockchain ecosystem (i.e. defi, infrastructure, etc)

  • You have experience managing multifaceted, complex projects across internal and external stakeholders

Why Work with Us

  • Challenging problems. You’ll work on extremely challenging problems with massive impact.

  • Huge opportunity. The Ethereum Virtual Machine (EVM) standard is ubiquitous, but existing EVM-compatible chains are slow and bandwidth-constrained. Monad’s core innovations offer developers the best of both worlds (portability and performance) and are a game-changer for mass user adoption in crypto.

  • The right team. You’ll be part of an exceptional and highly-motivated team

  • Culture. We’re a lean team working together to achieve very ambitious goals. We are united in our culture of collaboration, low ego, and high-quality output. As an early member of our team, you’ll help continue to shape our culture.

Salary and Benefits

Benefits for full-time employees include medical, dental, and vision insurance (100% coverage for employees); generous paid time off; paid parental leave; and 10 company-observed holidays.

What You Should Know About Business Development, Monad Foundation

At Monad Foundation, we're on an exciting journey to shape the future with blockchain technology, and we need a talented Business Development professional to join our team! In this role, you’ll play a crucial part in driving strategic market development, focusing on both early and middle stages of the business development process. Your skills will shine as you optimize and execute lead strategies while building strong relationships with projects eager to build on the Monad blockchain. You will manage inbound leads, conduct strategic outreach, and pursue promising opportunities, making a significant impact on our ecosystem. At Monad, we value excellent communication, action orientation, and a proactive mindset, especially in the dynamic web3 space. If you have at least 5 years of experience in business development, including a solid footing in the web3 industry, and you’re ready to dive into complex negotiations, this is your chance! You'll be part of a passionate team tackling big challenges and impacting the world of blockchain. Plus, enjoy a supportive culture focused on collaboration and growth, alongside fantastic benefits like full medical coverage and generous PTO. Your journey to transform the blockchain landscape starts here with Monad Foundation!

Frequently Asked Questions (FAQs) for Business Development Role at Monad Foundation
What are the responsibilities of a Business Development professional at Monad Foundation?

As a Business Development professional at Monad Foundation, you will manage relationships with inbound leads, optimize lead generation strategies, and conduct outbound outreach to important prospects. You're expected to proactively source promising opportunities while collaborating cross-functionally to support business development functions and drive on complex deal negotiations.

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What qualifications are required for a Business Development role at Monad Foundation?

To qualify for the Business Development position at Monad Foundation, candidates should have a minimum of 5 years of experience in business development or a similar go-to-market role, with at least 2 years in the web3 industry. Familiarity with crypto concepts, excellent communication skills, and a strong network in the industry are also key attributes for success.

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What type of work culture can I expect in the Business Development position at Monad?

At Monad Foundation, we pride ourselves on a culture of collaboration, low ego, and high-quality output. As a part of our lean team, you will work alongside highly motivated individuals who share ambitious goals, and your contributions will help shape our vibrant team culture.

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How does the Business Development role contribute to Monad Foundation's success?

The Business Development role is pivotal to Monad Foundation's success as it involves building and maintaining relationships with key industry players, identifying potential opportunities, and optimizing processes for lead management. By successfully executing these tasks, you will help shape the future ecosystem of the Monad blockchain.

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What benefits can I expect as a Business Development employee at Monad Foundation?

Employees at Monad Foundation enjoy comprehensive benefits, including 100% medical, dental, and vision coverage, generous paid time off, paid parental leave, and 10 company-observed holidays, ensuring a healthy work-life balance and support for personal needs.

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Common Interview Questions for Business Development
Can you describe your experience in business development and how it relates to the web3 industry?

Focus on sharing specific examples from your past business development roles that highlight your experience in the web3 industry, such as managing projects, optimizing lead generation strategies, and building relationships with stakeholders. Be sure to discuss any measurable outcomes or success stories related to these initiatives.

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How do you prioritize leads in a fast-paced environment?

Discuss your process for evaluating leads based on strategic importance, potential ROI, and the urgency of their needs. Mention tools or methods you use for lead scoring or triage to effectively manage multiple opportunities while maximizing productivity.

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What strategies would you apply to effectively communicate with potential partners?

Highlight the importance of understanding the partner's needs and using tailored messaging that addresses their pain points. Emphasize active listening, inquiry, and the use of industry-specific language to build rapport and trust.

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Can you share an example of a challenging negotiation you conducted?

Provide an account of a complex negotiation, outlining the context, your approach, and the outcome. Focus on your strategies for overcoming obstacles, maintaining composure, and reaching a mutually beneficial agreement.

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How do you stay updated on industry trends and developments within the blockchain ecosystem?

Describe the resources you leverage, such as industry news, newsletters, webinars, and networking events. Mention how continuous learning influences your strategy and helps you identify new opportunities.

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What do you see as the biggest opportunities for business development in the blockchain sector today?

Share insights about emerging trends, potential market gaps, and technologies that could facilitate partnerships or collaborations. Support your views with data or literature on industry growth projections.

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How important is relationship-building in business development, and why?

Emphasize that relationship-building is critical in business development because successful partnerships drive growth and sustainability. Discuss techniques you've used to foster relationships, such as personalized communication and ongoing engagement.

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What tools or software do you use for tracking leads and managing business development activities?

Mention specific CRM tools or project management software you have experience with, explaining how they enhance your tracking and relationship management capabilities. Focus on features that help you stay organized and productive.

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How would you adapt your strategies when dealing with different industry segments within blockchain?

Discuss your ability to research and understand the unique aspects of each segment, which allows you to refine your approach for lead generation and outreach. Highlight your flexibility and willingness to learn about various industry needs.

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What motivates you to work in business development, particularly in the crypto space?

Share your passion for the blockchain industry and how it inspires you to tackle challenges. Talk about your desire to contribute to innovation and your enjoyment in building relationships that lead to growth in this rapidly evolving market.

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Full-time, remote
DATE POSTED
December 20, 2024

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