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Investment Ideas: Difference between revisions
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The costumer support in Upwork works very well and the tools they offer cover all needs for a successful cooperation between freelancer and client. | The costumer support in Upwork works very well and the tools they offer cover all needs for a successful cooperation between freelancer and client. | ||
While upwork is currently not profitable as it reinvest's it's revenue in | While upwork is currently not profitable as it reinvest's it's revenue in marketing and r&d we believe they have a clear path to profitability. | ||
Overall it is a high risk - high reward investment. | Overall it is a high risk - high reward investment. | ||
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Our main worries are on the execution side esp. in marketing and some processes which still appear to be choppy. Additionally LinkedIn marketplaces could become a serious competitor depending on their willingness to provide tools for payment and time tracking. | Our main worries are on the execution side esp. in marketing and some processes which still appear to be choppy. Additionally LinkedIn marketplaces could become a serious competitor depending on their willingness to provide tools for payment and time tracking. | ||
More Details | |||
Upwork is a leading freelance marketplace. It was founded in 2013 through a merger between ODesk and Elance. Unlike our other investments, Upwork’s founders are no longer with the company. However, its top executives, such as the chairman of the board, Thomas Layton, and the CEO, Hayden Brown, have been with the company for over 10 years. | Upwork is a leading freelance marketplace. It was founded in 2013 through a merger between ODesk and Elance. Unlike our other investments, Upwork’s founders are no longer with the company. However, its top executives, such as the chairman of the board, Thomas Layton, and the CEO, Hayden Brown, have been with the company for over 10 years. | ||