Who We Are
Culdesac is a real estate and technology startup that builds cities for people, not cars. Our goal is to create the first car-free city in the US. We started by creating the first car-free neighborhood built from scratch in the US - Culdesac Tempe, a $200 million mixed-use neighborhood development for 1,000 residents opening in 2022. The neighborhood covers 17 acres and features 55% open space, shared courtyards, and abundant bookable spaces. Culdesac is the co-developer and tech-enabled property manager.
Read more about our vision, our product, and how we are changing how people live, work, and move:Introducing Culdesac: Building car-free neighborhoods from scratch
by Ryan Johnson (CEO & Founder)The Capital of Sprawl Gets a Radically Car-Free Neighborhood
by The New York TimesPaying Rent Will Get You Wheels in New Car-Free Complex
by BloombergNew Arizona Development Bans Residents From Bringing Cars - WSJ
by Wall Street Journal11 rules for buying an ebike. Ebikes are about to change the world.
By Ryan Johnson (CEO & Founder)
We’re headquartered in Tempe, AZ and were founded in 2018. CEO Ryan Johnson was previously on the founding team of Opendoor. We raised a $30M Series A
in January 2022. Our investors include top VCs like Khosla Ventures, Lennar (LenX), Zigg Capital, Initialized Capital, Byers Capital, and Y Combinator. The Role
As an Investment Analyst
at Culdesac, you will help drive data-driven decisions by maintaining and building upon our financial infrastructure and processes as we scale the company. You will be a key part in our real estate strategy by helping develop, present, and execute comprehensive management and optimization strategies for each asset. This role will report to the Chief Investment Officer, but also work closely with other members of our team, including our finance team and our co-founders.The Requirements
While this list represents what we are ideally looking for, we encourage you to apply even if your resume includes strengths and experiences that don’t match everything listed here. We expect most to need at least 2 years
of related commercial real estate experience or 4 years
of financial analyst experience.
Experience in conducting due diligence
on land acquisition opportunities and experience in creating and maintaining custom pro-forma underwriting models.
Experience in organizing the preparation and review quarterly
financial statements and annual property operating budgets and business plans, including review of market analysis, real estate tax forecast and disposition strategy.
Experience with preparing and reviewing recurring investor, partner, and/or lender financial reports.
This includes preparing and participating in quarterly board reporting and presentations and creating
pitch deck materials on Culdesac projects for partners, and local stakeholders.
Able to monitor cash flow, distributions and returns
. Ensure adherence to budgets and business plans and effectively identify and communicate changes, variances, or concerns.
Ensure assets are operating in a manner consistent with management agreements, joint-venture operating agreements, loan documents, etc. Analyze and review annual operating budgets and capital plans.
Comfortable establishing and meeting critical timelines and deadlines for tasks
and activities related to capital raise or transactions. Identify and effectively address issues or problems that could otherwise adversely affect closing capital.Locations
We work hard to create a first-class, remote-friendly environment. We have remote positions, with about half our team distributed across the U.S, including California, Texas, Colorado, New York, as well as other states. We are headquartered in Tempe, AZ, and our office is located in the heart of downtown Tempe. We encourage employees to visit and work in our beautiful Tempe office and offer relocation assistance to those who’d like to move to Tempe. Benefits & Perks
🏥 Benefits Package -
Includes options for medical, dental, and vision.🥚 Family Planning Benefits
🐣 Parental Leave -
Up to 12 weeks paid time off for qualifying events.🏦 401K Savings
🖥️ Work From Home Stipend -
Up to $500 for equipment paid by the company.🌎 Co-Working Stipend -
$100 per month paid by Culdesac for space intended for work productivity directly related to Culdesac business (e.g., co-working space pass for the day). Remote employees only.🚲 Mobility Stipend -
Up to $500 to invest in employee micro-mobility setup (e.g., e-bike, e-scooter, micro-mobility accessories).🛴 Car-Free Commuter Benefit -
$400 per month paid by Culdesac. Tempe employees only.Our Values
As sprawl became commonplace in our cities, we felt less connected to each other. We normalized hour-long commutes, even as private vehicle ownership became the largest source of carbon emission pollution. Private vehicles and roads limited and dictated development decisions and urbanism. Our cities thus blend technology, real estate, and culture to reimagine our daily lives. Come help us make our residents happier, healthier, and more productive in the years they spend with us and the moments they spend together.At Culdesac, we:Work as a team
Be inclusive, drawing on the strengths of people who bring a different perspective.Find ways to work together that overcome disciplinary and geographic separations.Ship, including the last 10%
Be output oriented. Ship.Our mission weaves us deep into people's lives. Respect that trusted relationship by seeing your work through to the end, including the last 10%.Embrace the full-stack
We have a competitive advantage in operationally complex, capital-intensive work.Tackling all the layers in the stack gives us an opportunity to deliver an exceptional user experience.Always remember Rule #0: learn from those who have done it before.Ask people for feedback
Only users know if we’re creating value for them.We get better by observing behavior and asking others how we can improve.Respect the limits of what we can know and plan. In the complex organism of a city, emergent behavior rules.Design for humans
The messiness of human preferences and decision making is the rich soil where our product grows.Human paradoxes and contradictions are our opportunity to create joy.Next Steps
If you think Culdesac might be a good fit, we encourage you to apply! You have nothing to lose, and we'll respond to you within a week. If we move forward, here's our typical process:
1. A 20-minute video call with a recruiter to understand your high-level background and cover logistics & expectations.2. A 30-minute take home assignment.3. A 30-minute video call with an Investment Associate to learn more about your background & experience.4. A 30-minute video call with our CIO to overview a list of company scenarios.5. A 45-minute video call with our COO overviewing how you would fit in Culdesac’s mission, vision, and culture.
At each step, we leave time for you to ask us questions. We look forward to hearing from you!
As required by pay transparency laws in California, Colorado, New York, and Washington, Culdesac provides a reasonable range of compensation for roles that may be hired in these locations. Our cash compensation amount for this role is targeted at $85k - $105k. Final offer amounts are determined by multiple factors including candidate experience and expertise. An overview of benefits is provided on our careers page
Culdesac is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We prohibit discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, citizenship or immigration status, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.