Diligence Lead, Frontier
San Francisco, CA · Remote
Senior +1 · Full time
$296-418K
Posted a year ago
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Who we are

About Stripe

Stripe is a financial infrastructure platform for businesses. Millions
of companies - from the world’s largest enterprises to the most
ambitious startups - use Stripe to accept payments, grow their revenue,
and accelerate new business opportunities. Our mission is to increase
the GDP of the internet, and we have a staggering amount of work ahead.
That means you have an unprecedented opportunity to put the global
economy within everyone's reach while doing the most important work of
your career.

About the team

Frontier is an advance market commitment to buy $925M+ of permanent
carbon removal by 2030. Frontier aims to send a strong demand signal to
researchers, entrepreneurs, and investors that there is a growing market
for their technologies. Frontier was founded by Stripe, Alphabet,
Shopify, Meta and McKinsey, and operates as a subsidiary of Stripe.

To avoid the worst effects of climate change, most climate models agree
the world will need around 6 billion tons of carbon removal a year by
2050. If successful, we’ll increase the likelihood that the world has
the portfolio of carbon removal solutions needed to reach these climate
goals. Read more about our approach here.

What you’ll do

As a Diligence Lead for Frontier, you’ll be responsible for helping us
figure how to deploy the initial $925M+ to be maximally catalytic for
the field. Your job is to find and make recommendations on which carbon
removal companies to buy from, including seeking out and soliciting
input from cross-disciplinary (and often niche) expertise, ranging from
science and engineering, to operations and finance. This role requires
someone with an understanding of a broad set of disciplines,
fearlessness and humility to dive into new topics, and exceptional
judgment to drive towards the ‘right’ recommendations.

Responsibilities

  • Source and evaluate high-potential carbon removal suppliers across a
    wide range of stages, approaches, and geographies
  • Negotiate large carbon removal offtake deals, ranging from $5-50 M in
    total value
  • Manage end-to-end diligence process on 1-4 suppliers at any given
    time, including consideration of: potential to fulfill Frontier’s CDR
    purchase criteria, ability to execute, and fit within Frontier’s
    portfolio.
  • Work with a network of technical experts to vet technology performance
    and potential 
  • Write compelling purchase recommendations for Frontier buyers that
    synthesize application materials
  • Support Frontier portfolio companies post-agreement in quarterly
    check-ins, investor calls, letters of support, etc. 
  • Help shape Frontier’s overall purchase strategy and by-pathway theses 

Who you are

Minimum requirements

  • BA or BS degree
  • You have 7-10 years of relevant experience in commercialization,
    project development, or late-stage deep tech investing
  • You’re an exceptionally fast learner. You enjoy (and have experience)
    quickly ramping on new technical topics
  • You have excellent oral and written communication skills - and in
    particular, you are adept at translating technical jargon into
    layman’s terms and summarizing complex concepts in a succinct manner.
  • You have excellent quantitative skills, including experience with
    techno-economic analysis and intuition for pressure testing the cost
    drivers for a business.  
  • You’re uniquely good at getting to the crux of an issue, and can
    quickly sort the signal from the noise
  • You are low ego, and have a proven track record for working well
    across teams and with external partners

Preferred qualifications

  • PhD in a climate-relevant scientific or engineering discipline
  • First-hand experience building/scaling real-world technology and
    businesses
  • Experience allocating large budgets towards frontier technologies
    (such as VC or government grant programs like ARPA-E)
  • Have a deep understanding of the landscape of carbon removal
    technologies and the techno-economics of large scale carbon capture
    and storage systems

 

Pay & Benefits

The annual US base salary range for this role is $295,885 - $417,720. For sales roles, the range provided is the role’s On Target Earnings ("OTE") range, meaning that the range includes both the sales commissions/sales bonuses target and annual base salary for the role. This salary range may be inclusive of several career levels at Stripe and will be narrowed during the interview process based on a number of factors, including the candidate’s experience, qualifications, and location. Applicants interested in this role and who are not located in the US may request the annual salary range for their location during the interview process.

Additional benefits for this role may include: equity, company bonus or sales commissions/bonuses; 401(k) plan; medical, dental, and vision benefits; and wellness stipends.

Stripe
Stripe is a developer-oriented commerce company helping small and large companies accept web and mobile payments.
Size:  1001-5000 employees
Year Founded:  2010
Investors
Sequoia Capital
GV
Khosla Ventures
DST Global
Andreessen Horowitz
SV Angel
General Catalyst
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