|1||📈 Proven business model with 13,000 new devices registered in just 3 months|
|2||🚀 Expanding rapidly with 5 new city launches planned in 2020.|
|3||💰 $13,000 in sales generated during the beta launch alone.|
|4||⚡Exponential growth potential with the ability to expand into multiple markets.|
|5||🛠️ Offering a unique market solution in a category desperate for innovation.|
|6||🤓 CEO with a background in launching successful business ventures.|
Ever noticed that gig-centric apps are behind the times? In less than 30 seconds we can order a ride or track a meal to our door, yet getting a quote for something as simple as a lawn maintenance task is a massive headache
Linkio is the solution that’s set to revolutionize the gig marketplace as we know it: Designed to connect those in need of a service with anyone who can provide that service. It’s simple, it’s streamlined, it’s cost-effective— it’s the future.
Linkio is a dual-sided platform where those who need a service (clients) receive real-time offers from those who can provide it (freelancers or companies).
Linkio opens the doors to enable ANYONE with a clear background check to earn money with gig-based tasks. On our app, you’ll find:
ALL these providers will bid on your task, and you can make your final decision based on price, experience, and reviews.
Linkio isn’t just a “venture” to us. It’s personal. Our family emigrated from Cuba 16 years ago, and our dad became a house painter to sustain our family.
Finding new clients was always difficult for him, and money was tight. So we started searching for apps to help him secure new gigs. Nothing seemed to fit, and that’s when the idea for Linkio was born.
As we started the development process, it became clear that Linkio was much more than just a home improvement app. In just the first three months of the platform going live, our dad made over $1,500 from jobs not even related to painting! It was an unprecedented source of income for him, and the possibilities were huge.
Developing Linkio was a journey in trial, error, and user experience. But eventually, we landed on a design that resonated with our target audience. Clean, streamlined, and easy to use.
We knew that Linkio was an awesome idea, but what about everyone else? The answer: They loved it! Seven months after creating the company, we asked our friends and families if they would invest in Linkio. We showed them the designs, the idea, the potential, and without even a working beta we raised over $500,000 in 3 weeks! More than 60 investors from different backgrounds joined forces to help us build and launch the app. We will be forever grateful for their trust and support.
"Hi, I'm your provider from Linkio. I'm 5 minutes away!"
We wanted to have the Linkio experience as a client, and we had this nightstand from IKEA that had been sitting at a corner for literally three months waiting to be assembled. We took a picture and posted: "Nightstand needs assembly." In less than 5 minutes, we got an offer, and two more shortly afterward. We accepted an offer from a local college student, and she sent us a message through the app immediately. Soon afterward, we got the call and she arrived to assemble the nightstand.
After being so focused on the app, the analytics of everything, and a million other things it was hard to contain our emotions during that first call. Linkio was alive, and we had hardly even realized it.
Before launching full-scale, we ran a three-month beta test limited to the Miami area. The results were staggering:
UX is everything in the app world, so we’ve prioritized creating a seamless interface that our users love.
Linkio is free to download, free to register, and free to post jobs or make offers. Our revenue model is fee-based and divided between the client and the provider, with no in-app ads to detract from the user experience. The client pays a 10% service fee and the provider a 15% commission. This way, no fees are too high for either party. And because clients usually receive multiple offers, the prices are still much lower than in the general marketplace.
With these numbers in hand, we’re projecting our revenues to grow to as much to $61,000/month by the end of the year.
The next step in our journey will be the launch of Linkio version 3.0—developed. using all the data and feedback collected during our test launch. Version 3.0 will be the interface we launch to the world, with immediate plans to expand into all 50 states and ultimately the global marketplace.
Linkio is the next evolution in the gig economy, and the market potential is HUGE. Invest in us today and let’s rocket into the future together 🚀.
Linkio has financial statements ending December 31 2019. Our cash in hand is $4,000, as of February 2020. Over the three months prior, revenues averaged $1,200/month, cost of goods sold has averaged $4,000/month, and operational expenses have averaged $2,000/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Linkio is a dual-sided platform where those who need a service (clients) receive real-time offers from those who can provide it (freelancers or companies). EVERYONE CAN COME ONBOARD! And while we have professionals like the rest of the service apps, we are opening the doors to ANYONE with a clear background check to earn money with ANY skill.
As a company, Linkio hopes (but not guarantee) to expanded nationally in the US in all 50 states as well as internationally into at least 10 different countries.
N&L Work App LLC was organized in the State of Florida in October 2018.
Since then, we have:
Historical Results of Operations
Our company was organized in October 2018 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
To-date, the company has been financed with $22,000 in debt and $500,000 in equity.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
N&L Work App LLC cash in hand is $4,000, as of February 2020. Over the last three months, revenues have averaged $1,200/month, cost of goods sold has averaged $4,000/month, and operational expenses have averaged $2,000/month, for an average burn rate of $4,800 per month. Our intent is to be profitable in 9 months.
Our burn rate has decreased to $2,000 a month since beginning of 2020 as we are not currently paying for development or spending on marketing. 80% of the software development has been moved to in-house and it will continue as such until the company's revenues match the predictions. At such a point, we'll consider expedited development again if the budget allows it. To fund short-term operations, the founding members of the Company can infuse more cash from their personal accounts if need be.
Once the maximum goal of this crowdfunding campaign is reached, the expenses will increase to about $25,000 a month (about $20,000 will be used for marketing) to increase our user base. The goal is to reach a monthly revenue of around $29,000 by the end of August. Revenues will come only from our service fees during this year. We do not have any source of capital to rely on at this time. We plan to raise more capital in six months following the conclusion of this Offering.
As having soft-launched in October 2019, Linkio assumes the usual risks of an early-stage startup. Note-worthy risks include variable revenues during the revenue generation phase. This is primarily due to the lack of consumer education on what can be done with Linkio and how to use Linkio. A considerable amount of brand awareness and consumer education efforts is necessary early on. This may limit our ability to pay dividends until we reach financial stability.
The financial projections assume an average monthly job completion of 82 jobs at an average sale of $100 per job by the end of 2020. These projections depend on a number of factors such as the number of users acquired and their number of jobs published by these users which may be different than predicted.
Linkio faces competition in the ever-evolving gig-economy. Although Linkio is positioned to overcome competition by having filed provisional patents back in June 2019 to reduce the risk of intellectual property theft; there are no patents issued as of February 2020.
We are currently charging the full-service fee all our clients. This will be changed to the new proposed 25% split between the client and the provider. This functionality requires additional development which may affect the development costs.
Early-stage startup companies like Linkio have a challenging feat to accomplish while setting company valuation. The valuation cap for the offering was established by the company and unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment.
Linkio is dependent on general economic conditions. We plan to expand nationally by the end of 2020 and internationally by 2021 and in doing so, we target a global audience. Global reach presents a potential risk in 2 years.
Voting rights will be given to a small number of shareholders. Investors in this platform would not be able to influence our policies or any corporate matters, including the election of directors, changing to our company governance documents, expanding employee option pool, or actions including mergers, consolidation, asset sales and other major actions requiring member approval. Some of the larger members include, or have the right to designate, executive officers and directors of our Board. These few people and entities make all major decisions regarding the company. As a minority member and a signatory to any potential proxy agreements for voting, you will not have a say in these decisions.
Future fundraising may affect the rights of investors. In order to expand, the company is likely to raise funds again in the future, either by offerings of securities or through borrowing from banks or other sources. The terms of future capital raising, such as loan agreements, may include covenants that give creditors greater rights over the financial resources of the company.
Linkio's future success depends on the efforts of a small, yet committed management team. The future of Linkio is directly linked with its management team's ability to foster essential partnerships to facilitate mass scale growth and expansion. Dynamic job markets can present as a potential risk for creating and sustaining these partnerships as Linkio continues to grow and expand.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
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