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Director of Business Development
Databento New York, NY
$159k-208k (estimate)
Full Time 3 Months Ago
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Databento is Hiring a Remote Director of Business Development

The financial industry is growing at a record pace, but our data providers are still stuck in the past — with cumbersome onboarding processes, complicated APIs, slow infrastructure, and expensive licensing costs.

Databento is the next-generation market data provider — with the radical idea that you should only pay for the data that you use. We power the world's largest finance and fintech institutions and lower the barrier of entry for small startups.

Since starting in 2019, we've raised over $27.8M in funding and have over 2,000 companies signed up pre-launch. Our team consists of former data users from firms like Two Sigma, Belvedere, Pico, Bloomberg, Pinterest, and Google.

We offer health, dental, disability, and life insurance benefits, as well as 401(k) matching and visa sponsorships. We accommodate 100% remote work, with teammates living around the globe and paid in their local currency.

Responsibilities

As our first BD hire, you will oversee the full scope of sales at Databento. This includes the following:

  • Work with the sales and marketing teams to find new prospects and nurture the existing pipeline. 
  • Drive revenue growth by achieving aggressive sales targets and actively pursuing new business opportunities. 
  • Establish and maintain accurate, timely, and documented forecasting and record-keeping procedures, keeping our CRM up-to-date and organized.
  • Build a network of executive relationships across the industry and with key partners and customers, gathering and relaying relevant feedback. 
  • Stay up-to-date with industry trends, market dynamics, and competitor activities to identify potential business opportunities and adapt sales strategies accordingly.
  • Collaborate across teams to align sales efforts with overall company objectives and ensure a seamless customer experience.

Desired Qualifications

The ideal candidate has experienced the end-to-end sales pipeline for a PLG startup, especially top-of-funnel and mid-funnel sales. Below are other skills that we look for:

  • Understand and communicate with our user base of developers and quants.
  • Experience with PLG, data products, quant trading, and/or market microstructure.
  • Extreme attention to detail and record-keeping, as well as the ability to automate processes in Hubspot.
  • Professional communication skills that align with the tone of an institutional financial product.
  • White-glove management of the sales cycle with continual buy-in from the customer, discovering the user's pain points, signs of friction, being honest when our product isn't the best fit, not being too pushy or salesy, and knowing when to continue vs. back off.
  • Readiness to work within a startup environment with limited resources and personnel. 
  • As a bonus: Active usage of Github, knowledge of enough C , Python, and/or Rust to help answer client inquiries. 

Databento provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, sexual orientation, gender identity or expression, veteran status, or genetics. In addition to federal law requirements, Databento complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. Pursuant to applicable laws, we will consider for employment qualified applicants with arrest and conviction records. And if you believe that you will need any type of accommodation, please let us know.

Job Summary

JOB TYPE

Full Time

SALARY

$159k-208k (estimate)

POST DATE

01/04/2024

EXPIRATION DATE

04/26/2024

WEBSITE

databento.com

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The following is the career advancement route for Director of Business Development positions, which can be used as a reference in future career path planning. As a Director of Business Development, it can be promoted into senior positions as a Top Division Business Development Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Business Development. You can explore the career advancement for a Director of Business Development below and select your interested title to get hiring information.

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If you are interested in becoming a Director of Business Development, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Director of Business Development for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Director of Business Development job description and responsibilities

Set and assign operational goals for the representatives' organizations, ensuring that the overall sales and business development goals of the segment are met.

01/28/2022: Huntsville, AL

A business development director also leads sales and client-relationship management, tracks new markets and emerging trends, recommends new products and services, proposes and develops new strategic partnerships, writes proposals and plans, and guides lon

01/08/2022: Paramus, NJ

A director of business development will also oversee client-relationship management and sales.

01/05/2022: Florence, AL

Business development directors are responsible for generating sales leads and expanding the customer base of an organization.

12/22/2021: Pensacola, FL

Business development directors as part of their description conduct surveys to determine customer satisfaction levels and make necessary adjustments to ensure a satisfied clientele.

01/13/2022: Altoona, PA

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Director of Business Development jobs

At a high-level, this role will generate and secure short and long-term profitable business through proactive business development and account management based on a fundamental understanding of the customers' business, operations and objectives.

01/18/2022: Augusta, GA

Cares deeply about everyday entrepreneurs trying to start and grow businesses, especially those whose voices are often unheard.

01/10/2022: South Bend, IN

Hiring companies look for a proven ability to hit targets, a consistent background of winning new business and often relevant sector experience.

03/12/2022: Pittsburgh, PA

They assign work territories and set revenue targets for business development managers.

01/12/2022: Stamford, CT

A new business development professional with proven success finding then developing strong customer relationships on the local, regional and national levels.

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Step 3: View the best colleges and universities for Director of Business Development.

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