How do you know cryptocurrency has been killing it lately? You could look at the unprecedented values at which bitcoin has been trading in the last couple months; that would be a good place to start. Initial coin offerings becoming a widespread financial craze is another clue. Along with those, there has also been a significant growth in the amount of investment and number of job opportunities in the industry. That’s according to a report by AngelList, which also digs into how to go about landing said cryptocurrency jobs.
The AngelList report shows that there has been a sharp spike in investments made in cryptocurrency startups. The amount of money that has been injected into the sector in the first half of 2017 has already outdone the total value of investments in 2016. Companies have been able to raise higher dollar amounts at higher valuations than ever before. Consequently, there has been a rise in demand for top talent in the industry. So if you want to have cryptocurrency experience on your resume, now would be a good time to go on that job hunt.
AngelList turned to data drawn from its on platform for evidence of cryptocurrency startups’ recent hiring trends. Within the last six months, the number of jobs listed on AngelList by cryptocurrency startups has doubled. There has been an obvious demand for engineers, both for those who have worked specifically on cryptocurrency projects and those with experience developing applications on the blockchain. There’s also a need for non-technical talent in areas such as business development, marketing, customer support and operations.
On AngelList, there are approximately 2500 technical roles and 1000 non-technical roles to which cryptocurrency startups are making hires. Among technical roles, the popular skills are blockchain engineer, full-stack developer, and front-end developer. The most popular non-technical role is operations, followed by design/product, business, and sales and marketing.
As you’d expect, most startups rapaciously hiring talent work on services and products around bitcoin and ethereum. Both have made the transition to a more mainstream space, creditable in no small part to their value skyrocketing within a short period of time. The availability of funding has made making these hires more feasible for startups. Along with the traditional VC route, initial coin offerings have become the go-to means for cryptocurrency startups to raise capital. FileCoin, for example, recently raised a record-breaking $257 million from its ICO.
From an employee perspective, cryptocurrency startups are beginning to look a lot more appealing. Salaries are higher by between 10 and 20 percent in comparison to companies in other sectors. Another benefit is that the industry seems more open to telecommuting. AngelList claims people working in cryptocurrency are 22 percent more likely to land a remote gig. Add to that perks like profit-sharing schemes, and it becomes clear why the demand for cryptocurrency is likely to be met with a healthy supply.
This article was written by one of our guest writers
Author: Prateek Jose
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