Director of Product, VRChat

Economy

Salary not provided

+ Stock Option

Senior and Expert level
Remote from Canada, Europe, UK, US
VRChat

Virtual world platform

Job no longer available

VRChat

Virtual world platform

101-200 employees

B2CGamingSocialSaaSVirtual Reality

Job no longer available

Salary not provided

+ Stock Option

Senior and Expert level
Remote from Canada, Europe, UK, US

101-200 employees

B2CGamingSocialSaaSVirtual Reality

Company mission

To build VRChat into one of the most successful community-driven social VR platforms in existence.

Role

Who you are

  • 7+ years of product management in a high-growth consumer tech company
  • Past expertise in virtual economies, e-commerce, gaming, UGC and/or social platforms
  • University degree, with design, technical or business background or mix of education and experience
  • Extensive experience in product intuition and UX design, with a healthy obsession to discover and fulfill the needs of users
  • Expert at defining metrics and making product and strategic decisions based on A/B testing and/or qualitative feedback
  • Intellectually curious about new technologies and societal changes, and understands how to apply innovations and trends to product opportunities
  • Proven demonstrable impact, driving $10M+ high impact growth opportunities

What the job involves

  • The Director of Product, Economy, is a highly strategic Senior IC role on the newly formed product management team at VRChat
  • This person will have full ownership of the VRChat economy, consisting of our VRC+ subscription product, the Creator Economy, New Revenue Products, and Payments + Fraud Prevention
  • This person will play a pivotal role in establishing the VRChat economy as a core heartbeat of our product and company, thereby shaping the future of our platform and driving revenue growth
  • This role reports into VP Product at VRChat, and will work closely with a dedicated cross functional team, heads of various functions, with periodical interaction with the exec team and the VRChat Board as well
  • Take ownership of the entire Economy roadmap and establish a good framework for categorization and prioritization
  • Support high quality execution with timely decisions and team leadership
  • Create the short and long term strategy for this space, and align it with higher level product vision and strategy
  • Actively oversee live operations of the economy, monitoring KPIs to find opportunities and issues
  • Run a smooth and collaborative planning process to generate plans that reflect strategic goals, user insights and past learnings
  • Manage execution throughout the half to deliver against goals and objectives
  • Represent progress at periodic product reviews, and seek leadership support in a timely manner to unblock execution
  • Partner with production for execution support and work collaboratively to resolve issues
  • Stay current on industry trends and best practices in virtual economies, e-commerce, gaming, UGC and social platforms to inform strategic decisions
  • Develop and maintain strong relationships with key stakeholders, including the Creators team, creators, partners, and the broader VRChat community
  • Support the VP Product in critical strategy, organization and execution areas

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Company

Company benefits

  • Work remotely: Work from anywhere! They use collaboration software to stay organized and VRChat for meetings and hanging out.
  • Health and wellbeing: Medical, Dental and Vision plans for those in the United States, and extended health plans in British Columbia, Canada.
  • Fun: Monthly team dinners, get-togethers and once a year, they travel somewhere fun for a few days to hang out, catch up, brainstorm and have fun.
  • Tools: You’ll be provided a powerful PC, high-end VR hardware, and any software you need to make you effective in your role.
  • Vacations: Flexible vacation schedules that are encouraged. Most United States and Canadian holidays are observed by everyone on the team.
  • Swag: Great VRChat and Developer Team Swag such as hoodies, coffee mugs, t-shirts, sun glasses and even custom 3D printed goodies.

Funding (last 2 of 4 rounds)

Jun 2021

$80m

SERIES D

Sep 2019

$10m

SERIES C

Total funding: $95.2m

Our take

Virtual Reality is one of the technologies with the highest projected potential for growth. VRChat offers a free-to-play metaverse platform where users gather as avatars in virtual spaces to socialize and hang out, just as one would in real life.

Whilst competitor Rec Room has a greater valuation, VRChat has positioned itself as the leading VR socializing-based product. It taps into a modern desire to form connections in digital spaces, with some users meeting their real-life partners in their virtual avatar form. When contemplating VR’s popularity, it cannot be denied that virtual realities enable freedom of self-expression, an attractive proposition perhaps for those who struggle with their identity and place in the real world.

The company recently announced a 30% workforce reduction, addressing overhiring during its 2021 boom. Despite these layoffs, the company remains focused on long-term growth and capital efficiency, positioning itself for continued success as VR becomes a key part of social connection.

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Freddie

Company Specialist at Welcome to the Jungle