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Joulebook - USA Premier skill and service marketplace

Buy/sell personalized services for individuals, families

USA, New Jersey
Market: Services
Stage of the project: Prototype or product is ready

Date of last change: 07.07.2020
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Idea

Think of us as the 911 for personal services where people can find instant help/job/gig. Joulebook empowers you to get more income and more jobs done. Here, entrepreneurs can generate serious or extra income, and service buyers who need personal services for themselves and their families can get such help on demand. We do everything so the only thing that entrepreneurs can focus on is doing a good job.

Current Status

We've just launched at the beginning of June 2020 but have been working on Joulebook for over 1 year. We are a team of 8 talented members with over 70 years of building and enabling world-class technological solutions.

Market

Customer Segments: Gig workers who enjoy flexible work arrangements and people who need help and personalized services for themselves, their families, and businesses.

Globally, the gig economy is worth 3.7 trillion dollars, the US alone is 1 trillion dollars yearly.

Problem or Opportunity

We have much room to grow. US's gig economy is worth 1 trillion dollars yearly. This value is brought about by 34% of the US workforce (or 55 million people).
3 Pain points - Supply: 1. Uncertainty of next gig 2. Wasted time searching for leads 3. Inability to monetize reviews.
3 Pain points - Demand: 1. Uncertainty of the quality and background of gig workers 2. Uncertainty of price charged 3. Feel like your voice is not heard when things go wrong.

Solution (product or service)

The lack of organization to turn need and skill into opportunities for more income and more jobs done for individual needs gives birth to Joulebook. We are a marketplace (not an employment agency, we don’t hire or employ any of the users on Joulebook). Joulebook is a single platform that helps people transact, manage, and organize the use of their time and money. It focuses on Personalized Services that matter most to individuals and families. The beauty of the marketplace is a convenient way to compare services, prices from a single source, and the exposure to services and service buyers.

Competitors

We pick 6 competitors who are also serving the gig economy and have already had traction: TaskRabbit, Freelancer, Upwork, Fiverr, Thumbtack, Care.

Advantages or differentiators

We are a team of 8 people, working hard for over a year together with a total of over 70 years of experience building and enabling world-class technological solutions.

Joulebook is clearly the most robust solution to empower people to reach their entrepreneurship dream and people to hire someone with an informed decision. We offer 4 features that you don't find anywhere else: 1. Focus on personalized services 2. Workday arrangement 3. Blind bidding 4. Pre-sell time.

Finance

EBITDA
Year 1 -1.5 Million USD
Year 2 -1.0 Million USD
Year 3 0.85 Million USD
Year 5 EBITDA 25 Million USD
Exit Multiple 10X
Revenue Streams: Membership fee, % per transaction.
Cost structure: HR, Technology, R&D, Marketing.

Business model

We follow the freemium model with 4 different levels of membership ranging from free to 1,200USD. We also take % by transaction ranging from 10% to 30%

Money will be spent on

Marketing, Technology, More talented team members, R&D

Offer for investor

Please reach out to me at huongyenle1@gmail.com to set up a meeting to discuss in detail. I look forward to connecting with you.

Year 5 EBITDA = 25 million USD
Exit multiple = 10X
Exit value = 250 million USD
Investor Receives 62.5 million USD
Return 12.5X
IRR 676%

Risks

- Sufficient funding spent on sales & marketing and brand awareness campaigns.

Photos

Photo 1 - Buy/sell personalized services for individuals, families
Photo 2 - Buy/sell personalized services for individuals, families
Photo 3 - Buy/sell personalized services for individuals, families
Photo 4 - Buy/sell personalized services for individuals, families

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video