truthevenifyouhateit
New member
EDITED: 7/18/19 TO ADD MORE MARKET RESEARCH
EDITED: 7/19/19 TO ADD BETTER MARKET RESEARCH
EDITED: 7/22/19 TO CLARIFY INFORMATION, CHANGING COMPETITION & ROI SECTIONS
Hi guys,
Am I ready for investors? Here's my pitch deck:
Introduction
Equity for Hire (E4H) is an online business incubator where the world’s aspiring entrepreneurs are nurtured into launching their companies and products based on their ideas. It is a profession-agnostic platform allowing users to build any team for any reason, so long as their business is registered in their respective country. With E4H, company owners (or "Masterminds") will be able to team with globally-verified partners who have received background checks to ensure piece of mind...all while using equity as payment.
Opportunity
Starting a business is difficult and many aspiring entrepreneurs are not connected with mentors who can give advice on their journey, nor do they have the capital to find experienced partners. In addition, there exists a mass of others who dream of becoming self-employed, but lack business ideas, which causes them to settle for careers with other employers.
Solution
A system built to alleviate the struggles of starting a business for aspiring entrepreneurs including, but not limited to, the lack of capital, mentorship, research, and guidance, while helping those lacking ideas access to more opportunities to use their skills and become self-employed.
Advantages
Our concept largely resembles physical and online accelerator programs such as Y Combinator and Bridge for Billions (respectively), but we aim to be the first online incubator that pushes the use of equity to solidify great partnerships. E4H is the choice before applying to an accelerator program.
Key differences in our processes and platforms:
Accelerator Programs
Equity for Hire
Chance to receive capital
No application process
Working one-on-one with mentors
Guided process to use equity to find partners
Dedicated time to prepare pitch for investors
Entrepreneurs work at their own pace
In-person connections to grow network
Easy transition into accelerator programs
Also, each advantage of E4H has alternatives listed below:
Targeting the following demographics:
**Hoping to get enough data on interest soon using our survey
Y Combinator gets roughly 8000 applicants per year, according to a media guest at Y Combinator’s W18 Interview Day.
Related Tweets:
(People are yearning for a reason to leave their jobs...) -
(People are searching for entrepreneurial inspiration…) -
(People are talking about Equity for Hire without realizing it…) -
Related Articles:
(Again, talking about Equity for Hire without realizing it…) - The Ultimate Founder Bootcamp is Another Person's Startup
Reasons entrepreneurs should use equity to find partners:
Equity for Hire will have 3 business models which are subject to change based on continued research before launch (all prices in USD):
Subscription Model: A $4.99/month fee to maintain internal chatting system (powered by Twilio) as well the background check API (powered by Trulioo).
One-time fees: For each registered company (also must be registered with country), an unlimited amount of products can be declared. Each declared product will require a $299 fee.
Equity: For each declared product per company, 12% of the product’s equity must be released to Auratic Development, LLC (E4H's parent company).
Investing
We are seeking an investment of $350,000 to fully fund a year of execution. Funds will be divided among development, design, marketing efforts, server costs, quality assurance, legal, and content management. A more detailed analysis of cost is available upon request.
Return on Investment
For a $350,000 investment, the investor will be returned an ownership stake of 10% in Equity for Hire.
Exit Strategy
The goal for Equity for Hire is to be the platform that accelerator programs, such as Y Combinator, can be proud to harness as an avenue for their application process. With its features, E4H is slated to give stats on how a startup is progressing, which can complement the application process currently set in place by each program. As a result, E4H is to be sold or acquired by the accelerator program looking to gain a significant edge.
Progress so far
Planning is completed (minus changes) and design is underway. We have a team of five including a designer, legal counselor, marketing specialist, content coordinator, and myself, the Founder/CTO. All monies to acquire these talents are being funded on my own until investments are earned. Also, we have a website running to capture emails for interested parties: www.equityforhire.com.
Thank you for your time.
EDITED: 7/19/19 TO ADD BETTER MARKET RESEARCH
EDITED: 7/22/19 TO CLARIFY INFORMATION, CHANGING COMPETITION & ROI SECTIONS
Hi guys,
Am I ready for investors? Here's my pitch deck:
Introduction
Equity for Hire (E4H) is an online business incubator where the world’s aspiring entrepreneurs are nurtured into launching their companies and products based on their ideas. It is a profession-agnostic platform allowing users to build any team for any reason, so long as their business is registered in their respective country. With E4H, company owners (or "Masterminds") will be able to team with globally-verified partners who have received background checks to ensure piece of mind...all while using equity as payment.
Opportunity
Starting a business is difficult and many aspiring entrepreneurs are not connected with mentors who can give advice on their journey, nor do they have the capital to find experienced partners. In addition, there exists a mass of others who dream of becoming self-employed, but lack business ideas, which causes them to settle for careers with other employers.
Solution
A system built to alleviate the struggles of starting a business for aspiring entrepreneurs including, but not limited to, the lack of capital, mentorship, research, and guidance, while helping those lacking ideas access to more opportunities to use their skills and become self-employed.
Advantages
- For Masterminds: Use equity as collateral to acquire partners, not money
- For Partners: A means of finding jobs that magnifies career growth
- Expand your network beyond your personal or social media circles
- Vetted advice and guided steps from successful entrepreneurs
- Background checks for all users - no catfishing
- Internal chat system - no extra logins to communicate with team!
- Objectives & Key Results (OKR) analysis - Guided path using Mastermind’s business plan
- Internal task management system
Our concept largely resembles physical and online accelerator programs such as Y Combinator and Bridge for Billions (respectively), but we aim to be the first online incubator that pushes the use of equity to solidify great partnerships. E4H is the choice before applying to an accelerator program.
Key differences in our processes and platforms:
Chance to receive capital
No application process
Working one-on-one with mentors
Guided process to use equity to find partners
Dedicated time to prepare pitch for investors
Entrepreneurs work at their own pace
In-person connections to grow network
Easy transition into accelerator programs
Also, each advantage of E4H has alternatives listed below:
- Using equity as collateral - Personal/Social media connections or classifieds, such as Craigslist
- Vetted advice and guidance - Personal/Social media connections, online research, book research
- Internal task management system - Countless task-management applications, such as Trello, Asana and Monday
- Internal chat system - Telephone and various communication applications, such as Skype, Slack and Google Hangouts
- Background checks for partners - Personal vetting through network or hiring a professional
- Objectives & Key Results (OKR) analysis - Manual tracking or OKR software such as Workboard, 7Geese or Wrike
Targeting the following demographics:
- Masterminds: Users who are looking to start their own businesses
- Partners: Users who are seeking job opportunities
- Age: 18+ (typically 18 - 49, strongest online presence - Pew Research Group)
- Location: Worldwide (U.S. release first)
- Gender: Male and female
**Hoping to get enough data on interest soon using our survey
Y Combinator gets roughly 8000 applicants per year, according to a media guest at Y Combinator’s W18 Interview Day.
Related Tweets:
(People are yearning for a reason to leave their jobs...) -
(People are searching for entrepreneurial inspiration…) -
(People are talking about Equity for Hire without realizing it…) -
Related Articles:
(Again, talking about Equity for Hire without realizing it…) - The Ultimate Founder Bootcamp is Another Person's Startup
Reasons entrepreneurs should use equity to find partners:
- “Entrepreneurs and researchers often cite lack of access to capital as a significant barrier faced by many entrepreneurs.”(Kauffman Capital Report 2019)
- “Between 90 and 95% of entrepreneurs that hire require some amount of financing to start their businesses.”(Kauffman Capital Report 2019)
- “At least 83% of new businesses that hire are not accessing external private institutional capital at startup.”(Kauffman Capital Report 2019)
- “Startups plan to hire but find talent search hard”(Silicon Valley Bank US Startup Outlook Report 2019)
- Partnering is the highest rank in career-growth
- “For the first time, career growth opportunities now rank number one on the list of most important factors when looking for new opportunities.”(Jobvite’s 2019 Job Seeker Nation Survey)
- “The #1 reason people change jobs is career opportunity.”(LinkedIn Hiring Statistics 2015)
- “Raising capital grows easier in the past two years. 71% percent of US startups surveyed successfully raised capital in 2018. Of those, 24% say the current fundraising environment is not challenging.”(Silicon Valley Bank US Startup Outlook Report 2019)
- “M & A (Mergers & Acquisitions) activity is healthy”(Silicon Valley Bank US Startup Outlook Report 2019)
- Google Trends chart for the last seven years on the search phrase “entrepreneur app” in the U.S. - https://trends.google.com/trends/explore?date=2012-06-18 2019-07-18&geo=US&q=entrepreneur app
- According to Google Ads, here is the potential audience size of people searching for how to start a business per month in the U.S. - https://drive.google.com/file/d/1CI3OIY7wTf8KVrFvl7kqx91hZqvvnDJT/view?usp=sharing
- According to Google Ads, here is the potential audience size of people searching for job opportunities per month in the U.S. - https://drive.google.com/file/d/1bkoCX6GhxIRq_6ivyYsTFcGypZGaXMgp/view?usp=sharing
- Google Trends for the phrase “entrepreneur app” over seven years show that the interest for owning a business is fairly constant.
- According to Google Ads, for every one person per month researching starting a business, there are at least 100 people per month looking for a job. And according to Madgex's Global JobSeeker Survey, over 50% of jobseekers use job boards as a research tool to identify jobs and employers.
- Using equity is a trend that is not only growing, but has less risk due to the rising activity of raising capital, mergers and acquisitions.
- “To succeed with jobseekers, job boards need to push past the traditional transactional nature of find a job/apply for a job, and instead be a useful resource for jobseekers.” -- Madgex's Global JobSeeker Survey
Equity for Hire will have 3 business models which are subject to change based on continued research before launch (all prices in USD):
Subscription Model: A $4.99/month fee to maintain internal chatting system (powered by Twilio) as well the background check API (powered by Trulioo).
One-time fees: For each registered company (also must be registered with country), an unlimited amount of products can be declared. Each declared product will require a $299 fee.
Equity: For each declared product per company, 12% of the product’s equity must be released to Auratic Development, LLC (E4H's parent company).
Investing
We are seeking an investment of $350,000 to fully fund a year of execution. Funds will be divided among development, design, marketing efforts, server costs, quality assurance, legal, and content management. A more detailed analysis of cost is available upon request.
Return on Investment
For a $350,000 investment, the investor will be returned an ownership stake of 10% in Equity for Hire.
Exit Strategy
The goal for Equity for Hire is to be the platform that accelerator programs, such as Y Combinator, can be proud to harness as an avenue for their application process. With its features, E4H is slated to give stats on how a startup is progressing, which can complement the application process currently set in place by each program. As a result, E4H is to be sold or acquired by the accelerator program looking to gain a significant edge.
Progress so far
Planning is completed (minus changes) and design is underway. We have a team of five including a designer, legal counselor, marketing specialist, content coordinator, and myself, the Founder/CTO. All monies to acquire these talents are being funded on my own until investments are earned. Also, we have a website running to capture emails for interested parties: www.equityforhire.com.
Thank you for your time.