---
title: 'Chief of Staff at Basic Capital'
canonical: 'https://feeny.ai/job/chief-of-staff-basic-capital-new-york-3ky2dqy6d1ay'
type: 'job'
last_seen: '2026-09-11'
---

# Chief of Staff at Basic Capital

- **Company:** Basic Capital
- **Location:** New York, NY
- **Employment:** full-time
- **Posted:** 2026-03-23
- **Last confirmed live:** 2026-09-11
- **Apply:** https://jobs.ashbyhq.com/basiccapital/9e439c61-96dd-4540-a372-186e742229e1

## Job description

## About Basic Capital

Basic Capital is building the Robinhood of 401(k)s — a modern retirement platform that gives everyday workers access to the full investment universe, including stocks, crypto, private equity, and venture capital, alongside a first-of-its-kind “Retirement Mortgage” product that enables leveraged investing. We are operating in a $10T market that has seen little innovation in over 40 years. Since launching just over a year ago, we’ve achieved 30% month-over-month growth, scaled rapidly, and raised a $25M Series A at a $110M valuation. Our investors include Bill Ackman, Lux Capital, Forerunner Ventures (Kirsten Green), Henry Kravis, SV Angel, and Ron Conway — a group that reflects conviction in building a category-defining financial platform. Our team includes talent from Goldman Sachs, Robinhood, Stripe, Uber, and top universities. Based in Tribeca, NYC, we are a high-intensity, high-performance team committed to reshaping retirement and expanding access to wealth.

## About the Role

Basic Capital is hiring a Chief of Staff to operate as the right hand to the CEO, Abdul Al-Asaad. This is not a traditional strategic role. It is an execution-first position designed to serve as the operational backbone behind a founder operating at extreme velocity across fundraising, regulatory affairs, and institutional partnerships. The CEO opens doors — with partners like Coinbase, Apollo, and government stakeholders. This role ensures those opportunities are captured, executed, and closed. You will sit beside the CEO in every critical moment: meetings, inbox, calendar, and decision-making flow. Your mandate is simple: ensure nothing falls through the cracks. This is a high-exposure role with direct access to top-tier investors, regulators, and industry leaders. Over time, for the right person, this role can evolve into a President-level position.

## What You’ll Do

Own CEO Execution Infrastructure Attend all major meetings and capture detailed notes and action items Drive all follow-ups, ensuring every opportunity progresses post-meeting Manage CEO inbox to zero — triage, draft responses, and prioritize Build and maintain daily execution plans and weekly planning cadence Handle scheduling, logistics, and communications without prompting Drive Critical Business Operations Coordinate Series B fundraising, including diligence, documentation, and investor communication Manage strategic partnership execution (Coinbase-level deals) Support regulatory workflows across DOL, SEC, and government stakeholders Build systems to ensure opportunities are consistently captured and converted Enable Company-Level Outcomes Support credit facility raises (hundreds of millions in scale) Work cross-functionally with CTO, Growth, Operations, and Legal Help establish repeatable execution infrastructure across the company Ensure CEO time is focused only on highest-leverage activities

## Who You Are

You are a high-functioning operator with strong executive instincts and low ego. You thrive in high-intensity environments and take pride in flawless execution. You anticipate needs before they are stated. You are equally comfortable in elite rooms and executing immediately afterward. You care deeply about follow-through, not just ideas. You have: A bias toward action and ownership in ambiguous environments Exceptional organizational and execution ability Comfort operating at high velocity (9am–9pm culture) Strong judgment, discretion, and professionalism Ability to engage credibly with senior stakeholders across finance, tech, and government

## What We’re Looking For

## Requirements

4–8 years of experience Investment banking experience (Goldman Sachs, Morgan Stanley, or equivalent; FIG, LevFin, or similar) Post-banking operating experience (Chief of Staff, BizOps, Growth, or founding team) Background in Financial Services or B2B environments Strong executive function and organizational systems thinking Willingness to handle both strategic and administrative responsibilities without ego Ability to operate in a high-intensity, founder-led environment Bonus Points Prior Chief of Staff experience at a scaling company Fintech or regulated industry experience

## Experience supporting senior executives or founders

Top-tier academic background What Success Looks Like (6–12 Months) CEO inbox consistently at zero Weekly planning cadence fully systematized Strategic deals consistently progress and close post-handshake Series B ($50M) executed cleanly and efficiently Major partnerships (e.g., Coinbase-level) successfully closed Execution infrastructure built to prevent opportunity loss CEO fully focused on highest-leverage activities

## Why This Role Is Unique

Massive Market Opportunity You are joining a company redefining retirement in a $10T market. Compelling Equity Upside Join before Series B (~$300M valuation) with equity priced at Series A ($110M). Unmatched Exposure Work directly on regulatory affairs, fundraising, and institutional deals at the highest level. Founder Leverage Operate alongside a high-caliber founder with deep networks across finance, tech, and government. Career Trajectory This role can evolve into a President-level position for the right operator.

## About Basic Capital

## Company Overview
- **One-liner**: Basic Capital provides a modern, technology-driven 401(k) platform that uses leverage, private credit, and a "Retirement Mortgage" to give employees more investing power.
- **Entity Type**: Private (Post-Series A)
- **Headquarters**: New York, New York, United States
- **Founded**: 2021
- **Founders**: Abdul Al-Asaad (CEO), Anjan Karanam (CTO)

## Core Business
- **Primary industry**: Financial Services (Fintech, Retirement & Wealth Management)
- **Target customers**: B2B (Employers seeking a high-quality retirement plan for their workforce) and B2C (Employees saving for retirement).
- **Mission or purpose statement**: To build a modern 401(k) that gives employees more capital to invest and build wealth, moving beyond traditional savings plans.

## Products & Services
- **Basic Capital 401(k) Platform**: A fully bundled or modular SaaS platform that handles recordkeeping, administration, and optional advisory (3(21) or 3(38)). Differentiators include real-time compliance testing, a mobile-first interface, and open architecture with 6,000+ investment options.
- **Retirement Mortgage**: A proprietary feature allowing employees to access long-term financing within their 401(k) to increase their investing power (e.g., invest up to 100% in S&P 500) with no margin calls or personal recourse. The cost of financing varies.
- **Mega Backdoor Roth**: The platform automatically maximizes employee contributions through after-tax dollars, pushing the annual deferral limit up to $72,000.
- **Compliance Monitoring**: Real-time tracking and agent-assisted compliance solutions to help fast-growing companies avoid failing annual tests.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed.
- **Key Metric**: Total Funding: $25 Million (Series A, closed August 2025).
- **Notable Investors/Partners**: Lux Capital and Forerunner (co-led Series A); Bill Ackman (first investor in 2021).
- **Growth Signals**:
    - **Headcount Growth**: +7.5% monthly employee growth. Currently 22 employees.
    - **Recent Funding**: $25M Series A in August 2025, signaling strong investor confidence in their audacious model.
    - **Press Coverage**: Featured in Bloomberg for their unique use of leverage and private credit in retirement plans.
    - **High Engagement**: 80% of issues resolved within 24 hours; average response time of 25 minutes.

## Competitive Advantages
- **First-of-its-kind leverage**: Pioneered the "Retirement Mortgage," allowing employees to use financing for long-term investing, a feature unheard of in traditional 401(k) plans.
- **High-touch, fast support**: Average response time of 25 minutes and 80% issue resolution within 24 hours, far exceeding industry norms.
- **Real-time compliance**: Proactive, data-driven compliance testing prevents plan failure for high-growth companies.
- **Full architectural freedom**: Open architecture with 6,000+ options plus a brokerage window, combined with a mobile-first user experience designed for modern employees.
- **Product-led growth**: A slick, user-centric product designed to drive adoption without requiring a large sales force.

## Strategic Focus
- **Scaling the platform**: With the $25M Series A, Basic Capital is focused on hiring and expanding its employer base, particularly among fast-growing companies.
- **Continued innovation**: Further development of the Retirement Mortgage and private investment options to differentiate from legacy providers.
- **Building an elite team**: The company culture is explicitly designed to attract "builders" and "high-agency" individuals, emphasizing shipping products and solving hard problems.

## Why Work Here
- **Culture**: High-agency, builder-oriented, and mission-driven. The team operates with a "player-coach" model and no middle management. Core values include "Iterate to greatness," "Real artists ship," and "Stewardship."
- **Work Model**: Primarily in-office based in New York City (HQ) with a strong emphasis on in-person collaboration (likely 5 days/week given the culture).
- **Engineering Culture**: Technical team uses Java, Ruby, TypeScript, Kotlin, Python, and React. CTO Anjan Karanam is hands-on. The company describes itself as "elite problem solvers" focused on important problems.
- **Growth**: High employee growth rate suggests rapid expansion and early-career impact opportunities. The team is currently small (~22 people), so every role has outsized impact.
- **Perks & Benefits**: A top-tier 401(k) plan (Mega Backdoor Roth, Leverage) that employees can actually use; fast operational support; and a sense of building something radically new in a staid industry.

## Sources
1. [Basic Capital Website](https://basiccapital.com/)
2. [Basic Capital Careers Page](https://basiccapital.com/careers)
3. [Basic Capital LinkedIn](https://www.linkedin.com/company/basic-capital)
4. [Bloomberg - 401(k) Investing: Basic Capital Brings Leverage, Private Credit to Savers](https://www.bloomberg.com/news/articles/2025-05-12/401-k-investing-basic-capital-brings-leverage-private-credit-to-savers)
5. [Crunchbase (via LinkedIn) - Basic Capital Profile](https://www.linkedin.com/company/basic-capital)
6. [Business Wire - Basic Capital Closes $25 Million Series A](https://www.businesswire.com/news/home/20250818005007/en/Basic-Capital-Closes-25-Million-Series-A-Funding-Round-Led-by-Forerunner-and-Lux-Capital)

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