Capital Markets & Compute Strategy

The role

You will help raise debt and equity that funds fal's growth, and finance its compute commitments. You will run financings from first model to close and bring recommendations to the founders. The role is onsite in San Francisco.

What you will do

• Lead debt financings, from structuring and lender outreach through diligence, documentation and close
• Run equity rounds end to end, including the model, investor materials, data room, diligence and follow-ups
• Manage relationships with lenders, investors and compute counterparties
• Manage ongoing reporting and compliance for lenders and investors
• Model fal's compute commitments and their financing, including cost, returns and downside cases
• Work with compute, engineering and legal teams on commercial and financial terms
• Diligence compute providers and partners, including their financial health and pricing
• Evaluate investments, partnerships and acquisitions and build analysis for leadership
• Keep a view of compute pricing and the financing market
• Use AI tools to automate recurring reporting, diligence and deal tracking

Required qualifications

• 7+ years of experience, starting in investment banking, ideally followed by private equity, private credit, infrastructure investing or an in-house finance seat
• Experience taking complex transactions from first look to close, including modeling and structuring
• Excellent financial modeling, including building models from scratch and stress-testing them
• Working knowledge of credit (term sheets, credit agreements, leases, covenants) and how equity rounds come together
• Good judgment and the ability to land on a defensible recommendation
• Clear, simple writing for memos or decks
• Very organized, able to run several processes with many counterparties at once
• Resourceful, low-ego and high-urgency
• A working grasp of, or real curiosity about, how compute is priced, contracted and financed

Nice to have

• Experience financing or investing in data centers, power or other hard assets, including asset-backed, project finance or GPU financing
• Exposure to GPU or cloud markets, such as capacity contracts, neocloud economics or hardware procurement
• M&A or corporate development experience
• Time in a corporate or startup finance seat after banking or PE, ideally with some investor relations work
• A track record of using AI tools to automate finance workflows

Benefits

• A seat at the table on some of the largest and most interesting deals in AI infrastructure
• Lots of room to learn and grow as the team and deals scale
• Meaningful equity
• Visa sponsorship and help relocating to San Francisco
• Health, dental and vision insurance (US)
• Regular team events and offsites

Before you apply

• Visa sponsorship is offered

About the company

fal is the generative media ecosystem powering AI products, offering infrastructure, tools and model access for developers and enterprises. The company is growing fast and is deliberately flat, with very few titles or layers.