Thrive Capital Portfolio Careers

Account Executive

Formal

Formal

Sales & Business Development
San Francisco, CA, USA
Posted on Jan 29, 2025

About Formal

Formal is data security platform designed to help teams understand and control their data on autopilot.

We're building a modern protocol-aware reverse-proxy for datastores and APIs that helps organizations understand their data in real-time. This allows teams to see how sensitive data is stored, consumed, and used in order to enforce least privilege through masking, filtering, or anonymization policies.

We are trusted by leading companies such as Ramp, Gusto, Notion to solve problems across data security and compliance, data quality management, and infrastructure access.

Formal is backed by top-tiers VCs including Thrive Capital and Y Combinator with angel investors that include executives and founders from Datadog, Clickhouse, Plaid, and Vanta.

About the Role

We're looking for account executives who want to roll up their sleeves and help close deals and develop our go-to-market motion. You’ll need to iterate on positioning, lead generation, and closing processes. We're looking for people to develop our GTM strategy and close key customer accounts as they build the sales process.

What you'll do

  • Generate leads through cold calling, research, networking, and driving your territory

  • Manage and convert inbound leads to drive revenue growth

  • Develop and implement full sales cycle strategies for driving product adoption, net new product sales, and client retention at scale among existing Formal customers

  • Collaborate with internal teams to ensure customer satisfaction and successful onboarding

  • Track and report on sales performance metrics

  • Gather client feedback to inform product improvements and enhancements

  • Chat with potential customers, understand their business challenges, and explain how Formal can make help them protect their sensitive data

What You Need

  • 5+ years of experience in a Sales role at an early stage startup (seed to series B) with a technical product

  • Ability to understand complex technical ecosystems and build great relationships with technical customers

  • You have the drive and willingness to go deep on our product to carry a technical conversation with security teams.

  • Analytical ability to manage complex sales cycles

  • Excellent communication skills and the ability to work well within a team

Nice-to-Haves

  • Experience in a fast, high-growth startup environment

  • Experience using tools like Temporal and Render

  • Extensive knowledge of datastore protocols (Postgres, S3, Kafka)

  • Familiarity with cloud computing platforms such as AWS or GCP

  • Fastidious approach to CRM hygiene and experience utilizing thorough sales forecasting metrics on a weekly/quarterly basis and communicating them in a succinct manner

Compensation

  • This role offers cash compensation and a stock options grant.

  • The positioning of offers within a certain range depends on various factors, including: candidate experience, qualifications, skills, business requirements and geographical location.

Benefits (for U.S.-based full-time employees)

  • 100% medical, dental & vision insurance coverage for you

    • Partially covered for your dependents

  • Flexible PTO