VP Engineering (Ruby on Rails)

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VP Engineering (Ruby on Rails)

What We're About...


The first thing to know about Bolstr is that everything we do makes a difference directly in peoples lives. As we continue to grow we continue to positively impact our economy and stimulate job growth. We fundamentally believe that our financial system has failed small business which is the rock our country was built on. Too often businesses are turned down for bank financing, deceived into accepting high interest rate debt from merchant cash advance shops, and left with little to no options but to shut their doors. We've created a new approach that brings fast, fair capital to businesses.

Bolstr is a marketplace lending platform where consumer, retail and manufacturing businesses access growth capital from accredited investors. We’ve developed an innovative revenue share loan structure that helps businesses raise $25,000 - $500,000, and make flexible monthly repayments to investors that are sized proportionally to their revenue. Investors are repaid monthly until they earn a fixed cash return back. This means the repayment term is flexible, allowing businesses to pay back investors only when their business can afford to. With minimum investments as low as $2,500, the Bolstr model democratizes access to investing in small businesses in a diversified manner.

Bolstr is At The Forefront of Disruption Within an Enormous Market...

"Small business lending is likely to see further disruption as technology (particularly ‘big data analytics’) and an expanding pie drives growth to alternative lenders. We see $178bn of small business loans in the banking system that could be “at risk” of being disintermediated, with $1.6bn of banking industry profits attached to those loans." -Goldman Sachs

We've Got Top Tier Backers on Both Coasts...

Kapor Capital
Montage Ventures
DRW Trading Group
Merrick Ventures

Doug Lebda (Founder/CEO, LendingTree)
Mellody Hobson (President, Ariel Investments)
David Rose (Founder/CEO, Gust.com)

How We've Done So Far...

Every business we have worked with has been fully funded by our network of 1400 investors in 5 days or less, and in many cases within a matter of hours. Our team finds it incredibly rewarding to see some of the coffee roasters, breweries, and consumer products businesses we've worked with to raise funding, invest in their businesses, and actually see them expand in the coming months.

"Even though Bolstr has only been funding projects since 2013, it already can showcase an impressive list of deals ranging from a lobster roll restaurant in Chicago that paid back its first loan of $70,000 in seven months to a San Francisco brewery that raised $150,000 in capital in 24 hours" -JPMorgan / ICIC Research Report

Where Technology Comes Into Play...

Unlike banks which have massive overhead (bank branches, loan officers, etc.) Bolstr is building proprietary technology and leveraging big data analytics to re-invent how small business credit risk is understood, and empower small businesses to access capital in a matter of hours instead of months. We leverage data such as Facebook likes, yelp reviews, economic trends, industry data, bank transactional data, and quickbooks data, to better inform our ability to lower interest rates for small businesses that access loans through our marketplace. Needless to say, we consistently have a tremendous amount of big data technology problems to solve that enable us to understand credit risk better than anyone, and extend capital to thousands of "un-bankable" businesses on the fringe.

The Opportunity...
As VP of Engineering at Bolstr you'll have the opportunity to completely own the technology side of the business, recruit your own team of 5 over the next 6-9 months, and place your stamp on a rapidly growing business that is changing the landscape for small businesses lending across the country. You'll be leading a big data effort to help the company understand small business credit risk better than anyone, and continue to execute our mission of driving rates down for small businesses while increasing the amount of businesses we're able to serve.

What We'll Hook You Up With...

  • Highly competitive salary and significant equity ownership based on experience. We are looking for the right partner to lead technology for Bolstr, so we wont waste your time with a poor offer.

  • Flexible hours. As VP of Engineering you're held accountable to the product roadmap, but when you work is entirely up to you.

  • This is a rare opportunity where you'll have the resources to recruit your own team, craft the technology culture at Bolstr, and create a destination for top engineering talent.

  • BlueCross Blue Shield health, dental and vision insurance.

  • Laptop and peripherals of your choice (as many monitors as the desk can hold)

  • A fulfilling, challenging work experience with an opportunity to build and shape the engineering culture at Bolstr.

  • Amazing office space - we are located in the West Loop just north of the new Google Chicago HQ.

  • Our work environment focuses on health and fitness, offering FREE Yoga classes Cross-Fit training classes, and mid-day meditation “re-set” sessions once a week! There is a spa-like shower to take advantage of as well!




  • What You Should Already Have...


  • You are a full-stack developer who has 5-7 years experience in Ruby/Rails. You may not be a front-end expert, but you have the ability to jump in and get things done across the stack when necessary.

  • You have a reputation for leadership, but also enjoy being knee deep in the tech stack, and driving the product roadmap forward.

  • You are familiar with web and mobile toolkits (Bootstrap, Backbone, as examples).

  • You’ve built, or are familiar with API’s and distributed architectures.

  • You deeply care about what you're building and take ownership over the quality and delivery of your work.

  • You practice thorough test driven development, but understand where and when to sacrifice test coverage for product delivery.

  • You are passionate about our craft, but don’t start or engage in developer language/methodology/tool warfare.

  • A 4-year technical degree or equivalent experience.
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    Location

    1046 W. Kinzie, 3rd FL, Chicago, IL 60642

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