Co-Founder / Head of Engineering - New York, United States - Plasma
Description
Intro
I'm Shlomo Kabareti, Founder and CEO of Plasma, a company dedicated to developing a hardware and payment processor agnostic Point of Sale platform.
Abous Us
Plasma is building a point-of-sale system that is specifically built for individual sales organizations (ISOs) within the merchant services industry. Our minimum sellable product (MSP) is currently set to launch sometime this June.
We already have a small team of industry experts who are helping in design / develop the product and form our go-to-market strategy. We have pretty good coverage when it comes to the following: Product, Design, Sales, Support, Operations, and Strategy.
Furthermore, we've already been able to secure about $4.4 million in potential revenue through the form of letter of intents (LOIs).
At Plasma, we're firmly committed to building the POS platform that is uniquely tailored for ISOs. We stand out in the POS industry by offering a versatile solution that is both hardware and payment processor agnostic. Our main competitors include the following: Toast, Square, and Clover. If you're interested in reducing costs for merchant services providers, merchants, and customers this is the startup for you.
Progress
Our team has been working on this since Nov 2023. We have made a ton of progress every single week. Development / Design / Sales / Ops is moving full speed ahead. What we need is a technical lead that is going to come in and take us to the next level. Our dev team is an outside party and has been with us from the very beginning. They are talented, organized, and they've built multiple B2B SaaS products. However, they are an outside party. We need a technical co-founder that is going to build.
Funding Status
So in terms of funding I've already raised 100k between friends and family. Outside of that, I've shouldered the financial burden of running a startup.
Ideal co-founder
We're looking for a technical co-founder that will be taking the seat of either CTO or Head of Engineering. We want someone that has experience building products within any of the following:
B2B SaaS / Point-of-Sale / Restaurant Tech / FinTech
This technical lead will be expected to lead all fronts in terms of development and will temporarily be working with our outside team of developers and the entire team of Plasma.
The tech stack that we are currently building on is the following:
React / Next / TypeScript / Tailwindcss / tRPC / Prisma / Vercel / Planetscale / HeadlessUI / RadixUI / etc
We are expecting you to work full-time and be available as much as possible on slack. However, with that being said I wanna ensure that Plasma is a positive environment for everyone so we're open to all suggestions that you will have as a co-founder.
There is a ton more than I'm probably forgetting to cover here, but we will go through everthing during the interview process.
Equity expectations
It honestly depends on the person. I'm into sharing the pie but the reality is what you're bringing to the table makes a massive difference. We're very profit driven and I'm trying my best to ensure that we all don't get diluted too much.
Salary
None of the team currently takes a full-time salary because the product is still in developemnt as we are pre-revenue. However, When revenue begins to come in sometime in June/July we will absolutely begin looking into what makes the most sense. Ultimatley, equity does not pay our bills lol.
Location
Ideally you're either from New York or are willing to relocate as the most ideal working situation is a hybrid model that utilizes a co-working space. We're open to a remote candidate, but they would have to be willing to come in when necessary. What I'm attempting to say is that it could work, but it probably would not be the most ideal.
Personal Note
We have a great team, an exciting product in the making, tons of potential users that we have relationships with, etc. I as a founder just need a partner that's going to help me build this from the ground up. I have people that I've been friends with for over 20 years and I'm known to be an extremely loyal kind of person. If you're someone that wants to build the next new thing in fintech that is going to help millions of people everyday this is the company you wanna join.
Plasma focuses on SaaS, B2B, Restaurants, Retail Technology, and Point of Sale. Their company has offices in New York City and Brooklyn. They have a small team that's between 1-10 employees.
You can view their website at or find them on Twitter and LinkedIn.