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Moonlighting Post

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5 years ago

It's nice to see you have revenue! I like the gig based platform. There is definitely a niche for the market in this. Angieslist would have been a better comparable than Craigslist. I assume you mentioned Craigslist because of the revenue model they have. For a bunch of lazy hippies, they have done quite well. They could have been a multi-billion dollar platform. Facebook marketplace has nearly replaced them. Facebook still hasn't technically addressed the gig sector of the economy. There is still an opportunity here.

Why is Canada and the UK your priority? Canada has a smaller population than the state of California. The UK is only slightly larger.

There are approximately 100 million people in the US who work in the various services/gig based economy.

Of the 700k downloads, how does that break down to gig servicers vs gig customers? You have captured less than 0.1% of the gig servicers, let alone the 231 million potential gig customers.

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I can't help but wonder if resources would be better spent on getting to a critical mass in the top 15 states or 20 metropolises? Why is that not your priority?

5 years ago

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5 years ago

@david-denkhaus Thanks for your well thought our question (s)

In our first iteration of the app, the press called us "Craigslist without creepiness" which we chuckled at. As we evolved the platform and our thesis for Moonlighting, we wanted to be more like Facebook, than a Craigslist, which is why our UI/UX looks and feels like your favorite social media platforms.

As for the expansion to the UK and Canada, we are being opportunistic as we are being pulled their naturally. We have two large partnerships in the media space we signed and will be announcing shortly with companies who want to emulate what we have done with our US partners. Extending the platform to English speaking countries is also not terribly difficult technically or distracting for us to add them. We wont be expanding to LATAM and Asia, and the rest EFIGS, until we scale the US, increase revenues, and raise the appropriate capital to do it right.

Founder of Moonlighting

5 years ago

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Founder of Moonlighting

5 years ago

@david-denkhaus

Second part of your questions:

Don't know if you saw the news but Uber announced "Uber Works" and their entry into the space. Very good news as the employment space continues to grow. We believe we are ideally positioned to take advantage of all of these moves.

As for our user breakdown, we have a unique value proposition in that 30% of our freelancers use both sides of our platform. They use our solution to promote themselves and also hire other freelancers to drive their business. So in essence, we have a 70/30 mix, supply to demand which is a common imbalance for two way marketplace solutions.

Overall, our team is razor focused on monetization and freelancer satisfaction in the US, and the platform extension actually helps us expose our US freelancers to wider audience to increase hiring. Almost 50% of our gigs can be done from anywhere and we believe marketing our freelancers to wider audiences will help them.

Founder of Moonlighting

5 years ago

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Founder of Moonlighting

5 years ago

@jeff-tennery-1 Does evolving the platform to the UK allow you to crowdfund there?

5 years ago

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5 years ago

@david-denkhaus This Reg CF campaign allows investors from all around the world including the UK to invest (contingent on their local countries regulatory rules) We are evolving the platform for global adoption as freelancing, especially digital services can be delivered remotely. We are working on several EU partnerships as well as Asia and LATAM as we want to have native partners on the ground to help us as we expand.

Founder of Moonlighting

5 years ago

1 like

Founder of Moonlighting

5 years ago

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