---
title: 'Equity Research Analysts: Evaluation of Coverage Draft Notes at Terac'
canonical: 'https://feeny.ai/job/equity-research-analysts-evaluation-of-coverage-draft-notes-terac-united-states-4w84wvyns94t'
type: 'job'
last_seen: '2026-09-12'
---

# Equity Research Analysts: Evaluation of Coverage Draft Notes at Terac

- **Company:** Terac
- **Location:** United States
- **Employment:** contract
- **Work type:** remote
- **Posted:** 2026-08-19
- **Last confirmed live:** 2026-09-12
- **Apply:** https://jobs.ashbyhq.com/terac/dcaa84c2-755a-4ec0-8ef2-259142779027

## Job description

## What We're Researching

We're hiring equity research professionals to evaluate initiation of coverage draft notes for a paid study. The goal of this research is to ensure financial forecasts, valuation methodologies, and accounting practices meet high analytical standards. Your insights will help us refine our financial modeling evaluation processes and identify common accounting inconsistencies in early-stage coverage reports. How It Works During this remote session, you will be presented with an initiation of coverage draft note for a specific asset or company. You will walk us through your process for reviewing the attached valuation methodologies and financial forecasts. We will ask you to actively identify any analytical errors, accounting inconsistencies, or gaps in the provided financial models. Finally, you will provide structural feedback on how the draft note compares to standard institutional research reports. Who This Is For We are looking for seasoned equity research analysts, investment analysts, and financial modeling experts who regularly produce or review coverage notes. You should have strong practical experience with valuation methodologies and deep knowledge of accounting principles. We welcome sell-side equity analysts, buy-side investment analysts, and portfolio managers who are comfortable tearing down complex financial forecasts.

## What You'll Do

- Review an initiation of coverage draft note and its accompanying financial models.
- Evaluate the accuracy and logic of the proposed valuation methodologies.
- Identify analytical gaps, accounting inconsistencies, or aggressive forecasting assumptions.
- Walk us through your thought process for validating institutional financial research.

Who Should Apply

- Professional experience as an equity research analyst, investment analyst, or similar financial role.
- Strong background in reviewing or authoring initiation of coverage notes.
- Deep understanding of valuation methodologies and financial forecasting.
- Comfortable identifying and explaining accounting inconsistencies in complex models.

## Compensation

$100 one-time

Ready to participate? [Start your paid interview now](https://terac.com/interview/start/r/66b6a26b-4478-4f19-beeb-59b7242a158f?utm_source=ashby_listing_description)

## About Terac

Terac is building the world's largest pool of vetted human experts for AI. Researchers, AI labs, and product teams use Terac to recruit, screen, and pay study participants across industries, languages, and skill sets.

Learn more at [terac.com](https://terac.com) or on YouTube at [@jointerac](https://www.youtube.com/@jointerac).

## About Terac

## Company Overview
- **One-liner**: Terac is building the infrastructure and labor marketplace to connect AI agents and companies with verified human experts on demand.
- **Entity Type**: Private (Seed stage; raised $9M)
- **Headquarters**: San Francisco, California, USA (with hubs in Lisbon, Portugal and São Paulo, Brazil)
- **Founded**: 2025
- **Founders**: Zac Baker (Co-founder & CEO), Jack Blair (Co-founder & CTO)

## Core Business
- **Primary industry/industries**: Labor Marketplace / AI Infrastructure / Human-in-the-Loop Services
- **Target customers**: B2B; AI companies, frontier model labs, enterprises, and research teams that need to source, interview, verify, and pay human experts (e.g., doctors, engineers, lawyers) via API.
- **Mission or purpose statement**: "Build the labor marketplace for the post-AGI future" — to become the default interface between AI systems and human expertise.

## Products & Services
- **Terac Platform (Expert Labor MCP)**: An API-first marketplace that allows any team or AI agent to source, screen, interview, verify, and pay human experts on demand. It functions as a "supply layer for human labor," enabling use cases like sourcing 100 Solidity engineers for data labeling or interviewing 200 EU SMB owners about new regulations. The platform includes an AI moderator for screening and verification.

## Market Standing
- **Valuation/Market Cap**: Not publicly disclosed.
- **Key Metric**: Total Funding — $9M raised.
- **Notable Investors/Partners**: Emergence Capital, SignalFire, Audacious Ventures, Z Fellows.
- **Growth Signals**: Founded in 2025, the company has rapidly grown to a team of ~22 people. It is building in a high-demand space (AI + human data/workforce) and has attracted top-tier investors. The company is actively hiring across 8+ roles in engineering, growth, operations, and marketing.

## Competitive Advantages
- **First-Mover in a Niche**: Focuses on the specific, emerging need for "post-AGI" human labor, positioning itself as infrastructure rather than just a gig platform.
- **Verified Expert Panel**: Curates a panel of verified experts (doctors, engineers, lawyers, etc.) with a built-in AI moderator for screening, differentiating it from general freelance marketplaces.
- **API-First & Agent-Native**: Designed for integration with AI agents and automated workflows, not just human users, making it a critical piece of AI infrastructure.
- **Strong Founding Team**: Backed by experienced founders and a small, high-caliber team (10 people in SF) focused on deep technical challenges (panel quality, voice moderation, marketplace dynamics).

## Strategic Focus
- **Scaling the Panel & Platform**: The immediate priority is to build out the supply side (expert panel) and the platform's capabilities (moderator, verification, agent tooling).
- **Deepening AI Integration**: Making the platform the "default interface" for any AI system that needs to call on human expertise.
- **Hiring Across Functions**: Aggressively hiring founding engineers, account executives, and marketing talent to scale the company from its current 22 people.

## Why Work Here
- **Ground-Floor Opportunity**: As a seed-stage company founded in 2025, early employees will have significant ownership and influence over the product and company culture.
- **Mission-Driven Work**: The company is tackling a "generational shift" in how labor is allocated, offering a compelling narrative for those interested in the future of AI and work.
- **Culture & Team**: Described as a "tight-knit crew in San Francisco that moves fast, sweats the details, and likes being around each other." The team includes engineers, operators, and storytellers.
- **Unique Hiring Process**: Features a paid, week-long work trial to ensure a mutual fit, with full transparency on company metrics (revenue, runway, growth) before an offer is accepted.
- **Compensation & Benefits**: Offers meaningful salary, early-stage equity, comprehensive health/dental/vision coverage, daily meals, relocation support, and team offsites.
- **Work Policy**: Remote-friendly with hubs in San Francisco, Lisbon, and São Paulo. Many roles are listed as San Francisco-based or hybrid.

## Sources
1. [terac.com - Careers](https://terac.com/careers)
2. [terac.com - About](https://terac.com/about)
3. [terac.com - Team](https://terac.com/team)
4. [terac.com - Homepage](https://terac.com/)
5. [terac.com - How We Hire](https://terac.com/blog/how-we-hire-at-terac)

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