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Global Marketplace for Freelancers Seeking Funding
Posted by: sally mechur on 4/5/2017 12:03:25 PM
Funding Needed:
Above $1mil
Category:
Information Technology (IT)
Location :
USA
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Favorited : 0 times
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Description:
Business Description:
The Company is a web-based, global freelancing marketplace where firms and independent professionals can meet and collaborate via an online platform. The Company’s website is well-designed and simple-to-use, offering several features that aid in the professional networking and job hunting process.

The Company seeks to establish a freelance platform that will become the industry standard. By providing for the needs of both the freelancer and the firms, the Company will help strengthen the communication between these groups and assist in facilitating a better final product.

Unique Value Proposition:
The Company is a web-based, global freelancing marketplace that connects contractors with firms seeking to complete special projects. As the workplace is becoming more and more web-focused, both firms and independent contractors have had to re-think their operations.

Sales/Marketing:
The Company seeks to operate as an online, on-demand marketplace that connects freelancers, consultants, contractors, and small agencies with institutions seeking to hire them. The Company’s full Business Plan provides greater detail on the potential markets and how it is being positioned to capitalize on this under-tapped market. The Company’s online marketplace platform addresses the specific needs of several target markets in the burgeoning freelance industry.

Key Success Factors:
Based on recent industry figures, the On-Demand Industry has a consumer base of 22.4 million individuals and is worth an estimated $57.6 Billion. While a portion of this market is being served by the competitors, the Company is fully aware that the vast majority of this market is wide open.

Key Risk Factors:
The Company’s management team understands that with any new firm there will always be risks. The team has taken the steps possible to overcome all known risks thus far. As the platform moves into the marketplace additional risks will more than likely appear and they will be dealt with by the team as they appear.

Important Milestone:
The Company’s management team has provided a considerable amount of capital to bring the Company to this point. With most of the development efforts completed, the Company simply needs to complete the final stages and to initiate an aggressive marketing campaign targeting freelance workers and firms needing work to be done.

Exit Strategy:
The Company is seeking an outside capital investment of $500,000. The founders have already contributed a considerable sum to bring the Company to this point. The founders further understand that their industry-shaking platform may take some time to reach profitability. The financial projections included in this summary very conservative in nature. Nonetheless, the founders fully intend to provide all investors with significant Return on Investment by no later than Year 5. The specific rate of return will be negotiated at the time of investment.

Industry
Online, On-Demand

Revenues
Year 1 Projection: $582,838
Year 2 Projection: $1,912,495
Year 3 Projection: $3,356,400
Year 4 Projection: $4,751,942
Year 5 Projection: $6,082,908

Financing Sought
$500,000

Use of Proceeds
Initial Marketing - $125,000
Website Expansion - $100,000
Equipment - $15,000
Furniture / Fixtures - $10,000
Working Capital - $250,000

Additional Documents Available
Business Plan, Executive Summary, Subscription Agreement, Risk Assessment
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