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Staff Applied Scientist, Marketplace



Oakland, CA, USA
Posted on Wednesday, November 15, 2023

About thredUP
thredUP is transforming resale with technology and a mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world's largest online resale platforms for apparel, shoes and accessories. Sellers love thredUP because we make it easy to clean out their closets and unlock value for themselves or for the charity of their choice while doing good for the planet. Buyers love shopping value, premium and luxury brands all in one place, at up to 90% off estimated retail price. Our proprietary operating platform is the foundation for our managed marketplace and consists of distributed processing infrastructure, proprietary software and systems and data science expertise. With thredUP's Resale-as-a-Service, some of the world's leading brands and retailers are leveraging our platform to deliver customizable, scalable resale experiences to their customers. thredUP has processed over 172 million unique secondhand items from 55,000 brands across 100 categories. By extending the life cycle of clothing, thredUP is changing the way consumers shop and ushering in a more sustainable future for the fashion industry.

Job Description

As thredUP leads the charge in sustainable fashion, we seek an Applied Scientist with a focus on pricing and marketplace optimization. Your role is to balance the equation between supply and demand, using your expertise in economics and data science to optimize our two-sided marketplace. This position calls for an analytical savant who is passionate about modeling complex systems and generating insights that drive strategic pricing and marketplace health.

How You Will Make an Impact:

As an Applied Scientist, your work will be pivotal in creating an equilibrium that benefits both sellers and buyers, ensuring competitive pricing while maintaining healthy marketplace dynamics. By crafting and refining pricing algorithms, you will directly contribute to thredUP’s mission of inspiring a new generation to think secondhand first.

In This Role You’ll Get To:

  • Develop and implement dynamic pricing models to optimize marketplace liquidity and profitability.

  • Conduct in-depth analysis of marketplace trends to inform pricing strategies and inventory selection.

  • Utilize econometric methods to forecast market behaviors and identify revenue-maximizing opportunities.

  • Collaborate with data science and engineering teams to integrate your models into our marketplace platform.

  • Design and analyze A/B tests to understand the impact of pricing strategies on customer behavior and marketplace performance.

  • Provide thought leadership on marketplace economics, influencing strategic decisions across the company.

What we are looking for:

  • M.S or Ph.D.degree in Economics, Statistics, Applied Mathematics, or a related field.

  • 3+ years of industry experience as Applied or Data Scientist or equivalent

  • Experience applying machine learning techniques and statistical analysis to complex economic problems.

  • Proficiency in data querying and manipulation with SQL, along with programming skills in Python.

  • Experience with big data technologies

  • Experience communicating complex concepts clearly to cross-functional teams.

  • Experience with optimization modeling techniques (Linear Programming, Mixed Integer Programming) and advanced statistical modeling techniques

Preferred but not required:

  • 6+ years of industry experience

  • Familiarity with AWS

  • Experience in marketplace dynamics or pricing strategy

At thredUP, your base pay is one part of your total compensation package. This role pays between $190,000 and $230,000, and your actual base pay will depend on your skills, qualifications, experience, and location.

Many thredUP employees also have the opportunity to own shares of thredUP stock. thredUP employees are eligible for discretionary restricted stock unit awards, as well as a discount when purchasing thredUP stock if voluntarily participating in thredUP’s Employee Stock Purchase Plan. Subject to eligibility requirements, you’ll also receive other benefits: Comprehensive medical & dental coverage, vision, 401k, life and disability insurance.

What We Offer:

  • 4-day work week, with Fridays off
  • Hybrid work environment: 3 days in the office and 1 day remote each week
  • Competitive salary (we leverage market data)
  • Many thredUP employees also have the opportunity to own shares of thredUP stock and are eligible for discretionary restricted stock unit awards
  • Employee stock purchase plan
  • Flexible PTO (take the time you need) + 13 company holidays
  • Paid Sabbatical after 3 years of full time employment
  • Generous paid parental leave for new mothers and fathers
  • Medical, dental, vision, 401k, life and disability insurance offered
  • We live by our Core Values of Transparency, SpeakingUP, Thinking Big, Infinite Learning, Influencing Outcomes & Seeking the Truth
  • TIME Magazine’s Most Influential Companies of 2023, WWD’s Most Influential ESG Leaders, TIME Magazine’s Best Inventions 2022, Shoptalk’s ATLIS Awards, Business Insider’s Retail Tech Power Players, Inc.’s Power Partner Awards, Lattice’s People Success Awards, Digiday's WorkLife 50 award
  • RaaS - Inc. Magazine, 2022 Power Partner Awards
  • Thrift the Look– TIME Magazine, The Best Inventions of 2022
  • Winner of Lattice's “People Vision” - recognizing thredUP as a top place to work for our investment in professional development and our innovations in work-life integration

We believe diversity, inclusion and belonging is key for our team

At thredUP, our mission has been built on extending the lives of millions of unique clothing items. Much like our inventory, we are proud to have fostered a workplace that is one-of-a-kind. As a company focused on diversity, inclusion and belonging, we are committed to ensuring our employees are comfortable bringing their authentic selves to work every day. A unique perspective is critical to solving complex problems and inspiring a new generation to think secondhand first. Be you.

If you are a candidate with a disability and have a reasonable accommodation request for the job application process, please email the specific details of your disability related accommodation request. This email address is reserved for candidates with disabilities only. General application inquiries will not receive a response.