Alejandra FusterEntrepreneurial Concept Competition

Opportunity• The Problem to be Solved– Individuals in need of extra income but

cannot find work due to irregular scheduling needs• E.g. students, homemakers, part-time laborers

– Individuals in need of services but cannot afford to go through traditional, formal channels• Service providers often impose high minimum

fees

MicroJob.com• An online platform on which users

can interact and enter into personal service agreements. – Employers: Users seeking a service

• Post a service requests – Specify terms, date, and price

• Bid on service offers– Contractors: Users providing a service

• Post service offers– Specify terms, availability, and price

• Bid on job opportunities

Identity Verified(Driver’s License)Positively Reviewed

Identity Verified(Social

Security)Positively Reviewed

Job Description: Grocery shop for elderly woman (list will be sent in advance), prepare a meal for her, and perform one hour of household tasks such as taking out trash, bringing in mail, etc.Terms: Money for groceries will be left at location. Must own a car.Date: Saturday Nov. 19th, 2013Price: $40

Searching for work on November 16th

BIDS ON JOB

Trained in CPR and owns a car

Nursing student at local university

ACCEPTS BIDMakes immediate payment with Visa of $40

On Nov. 19th, verifies transfer of $40 payment

Receives payment of $36 ($40 less 10% service fee)

Positive Review Positive Review

The Market• Competitors – Craigslist– Angie’s List

• Competitive Advantage– Contractors

• No upfront marketing costs• Work meeting payment, scheduling needs

– Employers• Affordable local labor• Efficient

– Both• Review system• Payment over website

Monetization & Philanthropy

• Sources of Revenue– 10% Service Fee– Premium Listing Fees– Institutional Users– Ad Sales– Partnerships with Online Retailers

• Philanthropy– Make same platform available to charitable

organizations and volunteers– Featured charities and corporate sponsors

Alejandra FusterEntrepreneurial Concept Competition

Pro-Forma Financials

• Disputes:– The first method of resolving any dispute between a contractor and an employer will be going through a

‘dispute resolution center’ (see eBay model).– “Although we provide a platform to help employers and contractors find each other as well as a venue to

help assist in case of disputes, we don’t get involved in completing the task. Once a final decision has been reached through the dispute resolution center, there will be no further review by MicroJob, and the only remaining remedy will be dictated by the applicable laws of your jurisdiction. In general, liability is dictated by law and unfortunately we can’t provide legal advice.”

• Tax Information: – “At the end of each year we will send al contractors a summary of earnings and services performed, and

when required, we will provide W-9s and 1099s.”– “We unfortunately can't offer you any tax advice. To make sure you're getting the right information, we

encourage you to consult with a tax professional in your area if you have any questions about reporting your 2012 independent contractor income.”

• Employer Protection Program– NOT Insurance (though we will buy insurance to cover the program)– “The Employer Protection Program provides protection for up to $1,000,000 to an employer for damages

to covered property in the rare event of contractor damages.”– “The Employer Protection Program does not cover cash and securities, collectibles, rare artwork, jewelry,

pets or personal liability. We recommend that employers secure or remove valuables when bringing contractors into their homes. The program also does not cover loss or damage to property due to wear and tear.”

Legal Language