PP Ventures Operating Partner job

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 305 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

Job Description

• Create value for PPV's portfolio companies, ensuring that we are creating the optimal experience for their relationship with PayPal, while also facilitating commercial value to PayPal

• Work with PPV’s 25+ (and growing) portfolio companies on identifying areas of opportunity to collaborate and learn from with PayPal. This could entail workshops, product development or cross-portfolio collaboration opportunities

• Serve as the business development arm for PPV and develop, lead, champion internally, negotiate and execute on end-to-end commercial deals with portfolio companies including distribution deals, vendor agreements, standard PayPal processing deals, etc.

• Contribute thought leadership and expertise to portfolio companies by sitting on boards and holding regular calls / meetings with company CEOs

• Host & organize PPV’s annual portfolio summit, where all CEOs from the portfolio are invited to attend a 2-day session to learn from internal PayPal and external leaders in fintech / commerce, ecosystem partners, and each other

• Responsible for organizing & managing PPV’s internal Advisor Network and ensuring portfolio companies are finding ways to easily leverage this differentiated resource. The Advisor Network is a group of 40 subject matter experts from across PayPal (e.g. PR, technical architecture, cybersecurity, real estate etc.) who have agreed to dedicate time to our portfolio. The Operating Partner should ensure that portfolio companies are aware of this resource and are getting value from it

• Help build PPV’s external brand image and reputation by building a best-in-class operating program and relationship with portfolio companies

• Help respond to ad hoc requests from portfolio companies, including introductions to people / companies in our network, representation at events, or other requests. The Operating Partner will ensure that these requests are handled promptly

• Deliver strategic learnings and market sensing value back to PayPal

• This role will be responsible for helping designing internal programs, collateral and events to ensure that PayPal leaders get the benefits of the learnings from our investment and portfolio activity

• On a quarterly basis, the operating partner along with other PPV leaders, should brief senior leaders from PayPal's Consumer, Merchant, Credit, Commerce and Risk / Compliance teams to ensure that they are aware of the latest trends within the startup ecosystem from our portfolio companies, investment pipeline, and broader intelligence

• The Operating Partner will also lead the Ventures team in their creation of a regular PPV Reports on the state of the venture ecosystem as well as our portfolio and disseminate it to a select group of VP+ at PayPal

• Help Ventures team identify complementary investment themes to PayPal's strategy

• The Operating Partner will be responsible for developing relationships with senior leaders at PayPal in order to help the Ventures team understand their respective roadmaps / goals and where our investments could help advance or inform their thinking

• Run the day-to-day operations of the fund

• Work with finance, legal, tax and other internal teams regarding the operations of the fund, including monthly / quarterly FP&A reporting

• Organize and host bi-weekly diligence syncs with broader diligence team from legal, tax, finance, InfoSec, architecture, compliance and comms

• Work with HR on hiring and compensation planning for the broader Ventures team

Requirements

• 10+ years experience in a combination of Business Development, Operating, Venture, and / or product roles at technology companies

• Extremely strong written and oral communication skills

• Background in successfully negotiating complex commercial partnership deals, with evidence of these deals driving material value

• Experience in the Payments, FinTech, and / or Commerce Enablement space

• Ability to get disparate groups of people to work on shared goals, even without direct oversight / reporting of any of the involved parties

• Capable of managing many separate workstreams on multiple initiatives at the same time

• Bonus points for technical background and experience at startups

We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at [email protected]