Recover, a YC W21 startup, is hiring a Head of Finance. This role will be responsible for building and managing all finance functions, including accounting, financial planning & analysis (FP&A), fundraising, investor relations, and strategic finance. The ideal candidate has a strong background in finance, preferably within a high-growth startup environment, and is comfortable working in a fast-paced and dynamic setting. They will report directly to the CEO and play a critical role in shaping the company's financial strategy and driving its growth.
The emergent biotechnology company, Recover, a participant in the prestigious Y Combinator Winter 2021 cohort, is actively seeking a highly qualified and experienced individual to fill the crucial role of Head of Finance. This position presents a unique opportunity for a driven professional to contribute significantly to the growth and development of a company pioneering innovative solutions within the burgeoning field of biomanufacturing. Recover, dedicated to the sustainable and economically viable production of valuable biomolecules, requires a financial leader capable of navigating the complexities inherent in a rapidly scaling startup environment. The ideal candidate will possess a comprehensive understanding of financial planning and analysis, fundraising strategies, and operational finance, and will be instrumental in shaping the company's financial trajectory. Responsibilities encompass a broad spectrum of financial activities, including meticulous budgeting and forecasting, astute management of cash flow, and the development and implementation of robust financial controls. Moreover, this individual will play a pivotal role in securing future funding rounds, engaging with potential investors, and crafting compelling narratives to showcase Recover’s financial strength and potential for substantial returns. This position demands an individual with exceptional analytical abilities, demonstrable leadership qualities, and a proactive, results-oriented approach. While specific experience within the biotechnology sector is highly desirable, it is not strictly mandatory; however, a proven track record of success in a fast-paced, high-growth environment is essential. This opportunity represents not merely a job, but a chance to become an integral part of a dynamic team at the forefront of biomanufacturing innovation, contributing to the advancement of sustainable practices and the development of groundbreaking technologies with the potential to revolutionize the industry. Recover offers a competitive compensation package and the invaluable experience of working within a Y Combinator-backed company, providing unparalleled opportunities for professional growth and development within a highly supportive and stimulating environment.
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https://news.ycombinator.com/item?id=43764185
Several commenters on Hacker News expressed skepticism about the Head of Finance position at Recover, questioning the relatively low salary ($140k-$180k) for the Bay Area, especially given the expectation of managing a Series B/C fundraising round. Some compared it unfavorably to similar roles at larger, more established companies. Others pointed out the potential for significant equity, given Recover's YC backing and growth stage, arguing that this could offset the lower base salary for the right candidate. A few commenters also discussed the pros and cons of working at a mission-driven company like Recover, which focuses on textile recycling, versus a more traditional for-profit enterprise.
The Hacker News post titled "Recover (YC W21) Is Hiring" links to a job posting for Head of Finance at Recover, a Y Combinator-backed company. The discussion generated a modest number of comments, primarily focused on the compensation offered and the company's mission.
Several commenters questioned the listed salary range of $170k-$220k, considering it low for a Head of Finance role, particularly in a competitive market and for a company seeking someone with significant experience. They pointed out that equity, while mentioned, lacked specifics, making it difficult to assess the overall compensation package. This lack of transparency about equity was seen as a potential red flag.
Some commenters expressed skepticism about the company's business model, which involves collecting and processing textile waste. They questioned the profitability and scalability of this model, citing potential challenges related to logistics, sorting, and processing costs.
A few commenters engaged in a brief discussion about the environmental impact of the fashion industry, acknowledging the problem of textile waste but also raising concerns about the potential limitations of recycling as a solution.
There was also a short exchange about the location advantage for the role, with one commenter suggesting that being based in North Carolina might be attractive to some individuals seeking a lower cost of living compared to larger metropolitan areas.
Finally, one commenter raised a more general point about the current job market, suggesting that inflated salaries and titles might not be sustainable in the long run.
Overall, the comments reflect a mixed sentiment. While some users expressed interest in the company's mission, others voiced concerns about the seemingly low compensation for a senior role and the viability of the business model. The lack of detail regarding equity further contributed to the skepticism. The conversation, while not extensive, highlights key considerations for potential applicants and provides a glimpse into some of the challenges faced by companies in the sustainable materials sector.