Wellfound Foods - Technology Board Advisor

Position Snapshot Position Corporate Board Advisor –Technology Company Wellfound Foods Compensation 0.1% - 0.25% (2-year vesting, 1-year cliff, quarterly thereafter) Location Remote (Global, US preferred) Founder(s) Sarah Frimpong, CEO Website wellfoundfoods.com Score 3 – Startup Board Initiative There is a dire need for more diverse viewpoints in the boardrooms of corporate America. At Score 3, we are building on our experience with entrepreneurs in the technology industry to create a fast-moving and innovative solution. Our Startup Board Initiative uncovers diverse board candidates and connects them to our wide-ranging network of tech founders. These experienced corporate leaders’ partner with companies by taking on the role of board advisor or board director in exchange for company equity. Our initiative offers the most logical and effective entry point for diverse corporate executives: acting as board members for early-stage startups with diverse founders whose obstacles, talents, and dilemmas they are best equipped to handle. Board members can provide input on company strategy, acceptable risks, and priorities. They are valuable sources of warm introductions to new investors, potential employees, prospective customers, or future board members. In exchange, board members gain experience in the rewarding environment of high-tech, high-growth startups and equity in the company. As they develop their board-level leadership skills, they are exposed to some of the latest ideas, technologies, and business practices. Together, founders and board members will be able to grow professionally while shepherding the company towards future success. The Score 3 Startup Board Initiative provides people of color, women, and LGBTQ business leaders a way to bypass workplace bias and unfair stereotypes. Board members receive personalized help to gain skills and create business connections that will enable them to take their careers to the next level. Likewise, founders acquire the critical social capital and additional business expertise that they need to accelerate the growth of their company. The technology industry is known for moving fast and breaking things, and it’s time to apply that philosophy to disrupting the homogeneity of the corporate boardroom. Organizational Overview Wellfound Foods is the brainchild of CEO, Founder, and foodie Sarah Frimpong. We have been serving the Washington, DC area since 2013. Our business relationships include Peet’s Coffee, American University, and Medstar Georgetown University Hospital. Wellfound Foods partners with other businesses to offer local made, high-quality meals and snacks for early risers, mid-day munchers, and late-night workers. Our business balances quality, pricing, and customer services. That’s why our ham and cheese sandwich is not just a ham and cheese sandwich. It’s ham and gruyere with Dijon mustard, mayonnaise made from cage-free eggs, and organic greens on a freshly baked 9-Grain baguette. Our healthy and delicious products are available for wholesale and via our SmartFridges. Healthy, affordable, and delicious grab-n-go food is the purpose that drives our work at Wellfound Foods. Both the value of the product and the value of the service is baked into how our company operates. Wellfound Foods is a vertically integrated company—we don’t just deliver food for the SmartFridges, we make it too. Our goal is to make accessing tasty, affordable, and fresh food options easy. In addition to stocking the SmartFridges, Wellfound Foods also tracks and analyzes sales data to make sure that customers are getting the optimal amount and type of products. The SmartFridges are a turnkey food service solution that allows businesses and locations to a chance to improve their value without taking time from their normal day-to-day operations. Board Member’s Impact Potential We are seeking to bring on a corporate board advisor to assist with the execution of our pivot from a primarily B2B sales model. In order to successfully execute our shift to a consumer sales model, we will need an advisor that can offer insight in the areas of mobile applications, market analytics, and ecommerce. New advisors should expect to participate in defining project goals and timelines. Guidance on how to best design and utilize the functions of our mobile app is a key need for the company as we move into a retail space. Successful advisors will be able to provide insight into digital sales, ecommerce cart data, mobile app development, contactless ordering, and rewards programs. A board advisor will also need to be familiar with recent technology trends and the food industry. We consider cross-industry experience between these different areas ideal. What Can Be Accomplished Starting in December of 2019, Wellfound Foods embarked on a shift in our business strategy. This pivot placed more emphasis on growing our consumer sales channel through the expansion of pour SmartFridges. Our Apply tot his job Apply To this Job