Senior Backend Engineer / Backend Engineer

Senior Backend Engineer / Backend Engineer

$125k – $275k • 0.10% – 0.60%

Summary:

• The first peer-to-peer sports prediction market, recently closed a $6m seed round from YC, Lux, Soma, Paul Graham, Joe Montana, Innospark, the founders of Instacart and Dropbox, and many other top angels and funds
• Salaries at the top of benchmarks, with significant equity ownership and generous benefits
• Founders are recent Harvard grads with quant experience at Jane Street and BoA and years of experience as sharp sports bettors
• $300B annually bet on sports in the US and the size of the market is rapidly growing, particularly given the opportunity for operators to capitalize on the sweepstakes business model
• Currently the only way to bet is with retail sportsbooks which have egregious margins, discriminatory and inefficient practices, and a stale betting experience
• Novig is a sports prediction market that guarantees users the best lines by allowing them to play directly against friends or the market, rather than against the house, making the wagering experience more efficient , fair , and, most importantly, profitable

What will you do?

You will apply state-of-the-art technologies used in modern financial exchanges to enforce transparent and efficient market practices in the future of sports betting. Depending on your familiarity with different components of our tech stack, you may work on optimizations to our infrastructure, data layer, networking, or application logic. Some of your work will be tightly coupled with frontend product development, more focused on maintaining an outstanding user experience.

Responsibilities:

• Build out a developer-first API experience for algorithmic trading integrations
• Scale-up our real-time data ingestion and distribution pipelines
• Expand product features by extending modular service logic on top of existing core functionality

What are we looking for?

We value candidates with expressed interest in sports, markets, and technology. You are someone who is passionate about the complexities of computer science who can contribute toward helping us build a robust, scalable sports trading marketplace. 

Requirements:

• Bachelor's or Master's degree in Computer Science or related technical fields
• 3+ years of experience developing distributed systems with cloud-based architecture
• Experience with a system programming language such as Rust, Go, C++
• Understanding of tradeoffs between technical decisions and business requirements
• Strong leadership, problem-solving, and communication skills
• Comfortable working independently and with small teams covering large surface area

Who is Novig?

At Novig, we have reimagined the sports betting landscape by building a sweepstakes-based sports prediction market. Our innovative platform allows users to engage in sports predictions without traditional gambling constraints. By leveraging the sweepstakes model, we ensure compliance with regulatory requirements while providing a unique, engaging, and profitable experience for our users. Our goal is to make sports prediction more accessible, fair, and enjoyable.

Novig’s founders, Jacob and Kelechi, are recent Harvard grads with experience at Jane St & BoA who started Novig with the belief that a commission-free P2P exchange model will replace the exploitative and unprofitable betting model of traditional sportsbooks. They themselves were sophisticated sports bettors who grew increasingly frustrated by the latency, discriminatory practices, monotony, and non-profitability of the retail sports betting experience.

As the regulatory landscape evolves in the United States, Novig is positioned to become a leading innovator with our unique focus on research and technology.

How does Novig approach compensation?

We are big believers in providing excellent compensation to everyone on the team as we build.

• We offer salaries at the top of the benchmarks you’d find for senior roles at big name companies
• We provide equity to all employees regardless of role. We are looking for people who can grow with us as we scale our team and product, and we think it’s important for all employees, especially our first few teammates, to have significant equity in the company so you have skin in the game and our incentives are aligned.

What benefits does Novig offer?

We are embarking on an ambitious journey and are committed to providing generous benefits, even at this early stage.

• Robust health, dental, and vision plans, covering 100% of health premiums and 90% of dental and vision premiums
• Generous 401(k) plan, matching up to 4% of base salary
• Health Savings Account (HSA) with $1,080 annual company contributions
• $24/day food or commuter stipend when working in our new office