{"data":{"type":"company_profile_ai","id":80975,"entity_id":"wefunder:company:80975","attributes":{"canonical_url":"https://wefunder.com/mylance","retrieval_urls":{"canonical":"https://wefunder.com/mylance","json":"https://wefunder.com/mylance.json","markdown":"https://wefunder.com/mylance.md","ai_json":"https://wefunder.com/mylance.ai.json","ai_text":"https://wefunder.com/mylance.ai.txt","changelog_json":"https://wefunder.com/mylance.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-06-22T05:03:18Z","generated_at":"2026-06-23T00:52:04Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"company":{"id":80975,"entity_id":"wefunder:company:80975","slug":"mylance","name":"Mylance","tagline":"The \"Shopify\" for skilled independent consultants ","elevator_pitch":"Mylance builds tools that enable professionals to consult for themselves. We help them launch and maintain their freelance businesses. This includes a turn-key website, invoicing, bookkeeping taxes, community, and lastly access to projects. 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We help them launch and maintain their freelance businesses. This includes a turn-key website, invoicing, bookkeeping taxes, community, and lastly access to projects. We're building towards a two-sided marketplace enabling consultants to reliably find projects, backed up by community, access to experts, and admin products.","story":"What's the Mylance vision?Mylance is building the \"Shopify for independent consultants.\" Mylance will be the one-stop shop to market yourself as a consultant, manage your projects, find leads, get access to a supportive community, and additional services\u0026nbsp;needed to remove the admin burden.What problem are you solving?Today, 48% of an independent consultant’s time is spent doing non-earning, admin activities that include 1) Lead generation and 2) Back office admin, leading to millions of wasted hours each year.Back office admin: includes invoicing clients to get paid, bookkeeping to correctly categorize the transactions, estimated tax calculations to pay taxes 4 times per year (yes this is required for a freelance consultant), tax filing, time tracking for clients billed hourly, and signing and maintaining mutually agreed upon client contracts.Lead generation: to find clients, a consultant needs to communicate their value well, network with dozens of \"leads,\" scope out a project, negotiate a good deal, and sign an agreed upon contract. Of the 48% of non-earning hours, this takes up over half of their time.How big is the market?In 2019, US Freelancers brought in $1.2 Trillion in gross revenue from a combined 59 million US workers. Further, 45% of those are \"skilled\" talent. This market continues to grow every year, and as a result of COVID, 12% of the US Workforce started freelancing during 2020.Who's the team?Our team, led by CEO Bradley Jacobs and Gerardo Raiden, combines tech and independent consulting experience from Uber and payments SaaS companies\u0026nbsp;where we've launched new business lines and built them up to over $1B in value. As a team, we've experienced freelance challenges first hand, we’re passionate about the independent life, and we have the grit to win in an attractive space.What have you built thus far?In our first year of business, we bootstrapped to $100k in revenue mostly through our Bootcamp product, enabling us to get close to our customer and jumpstart our community. In mid-2021, we have pivoted to build our first proprietary software, which is a turn-key website for the consultant. In under 5 minutes, a freelancer has a website that showcases their niche, testimonials, case studies, and experiences.\u0026nbsp;As we build, we'll automate the freelancer experience\u0026nbsp;by taking their admin challenges off their plate like invoicing, bookkeeping, client CRM, and taxes.Who's Mylance's target customer?Tech professionals with 5-15+ years of experience who have built up successful start-ups or worked for brand name companiesThey're in a major business function including Operations, Product, Marketing, Business Development, Sales, or Strategy.Start-ups pursue these roles at a high rate, and these folks are currently underserved as independent consultants today, unlike Engineers and Designers.What sets Mylance apart?What is the Mylance product vision?*The above slide contains forward looking projections that are not guaranteed.What is the competition like?There are a lot of companies in the freelance space, as expected with a $1.4 Trillion market. If we break it down to look at companies going after skilled freelancers at the top of the market, we can look at the marketplaces, freelance tools, and freelance education.Freelance Marketplaces: TopTal, Catalant, Graphite, Marketerhire, and Business Talent Group.Freelance Tools: HelloBonsai, Honeybook, Hyke / Collective, Wingspan, Catch, and KeeperTax. While there are quite a few more, these are the most notable ones to watch.Freelance education: Freelancing School, Consulting Club, and Practice. There are also plenty of blogs and influencers in the space, but we haven't seen a large presence helping skilled freelancers with education and development.There's competition in any attractive, large space. Ideas don't win, strategy and execution win. Mylance is building a different kind of business in a few respects, which we've detailed above. Further, at the end of the day, every company comes down to strategy and execution.What makes\u0026nbsp;Mylance different?Trusted relationship with our customersMylance isn't just a freelance bookkeeping service or freelance marketplace. We provide education and a community for our customers. This means that customers have a unique relationship with Mylance that's different than any other company in the space. To back this up, this is part of the reason that our Bootcamp customers sign-up for our bookkeeping offering, bring back projects to the community, and refer their friends to Mylance. A note we got in our Slack channel before the Holidays this year captures it best.Underserved target customerMost of the marketplaces and communities in the space are targeting engineers, designers, and marketers. Mylance currently targets Operations, Strategy, and Product specialists. This talented group is more of your \"jack of all trades\" individuals that every start-up and company needs, but is hard to find. Further, many of these specialists don't realize they can consult for themselves and struggle to communicate their niche, so we add significant value to them by bringing them into the Mylance community.Uniquely positioned team- By investing in Mylance, you're investing in Founder Bradley Jacobs and the talented supporting team. We combine big tech experience and company scaling to well over $1B, passion for the space, and the grit to win.Big tech experienceAt Uber, Bradley launched both Miami and Milan for UberEATS, and then went on to launch Uber Freight and built up the business to well over $1B in value within 2 years leading the Carrier Operations team. We've done it before for other companies, now we're doing it for ourselves.Passion for the spaceAfter Bradley left Uber in Oct 2018, he consulted independently for start-ups and logistics companies on how to launch, scale, and automate their businesses. He experienced both the fulfillment but also the challenges of being a freelance consultant. He saw what freelancing could provide: following a passion, spending more time with your family, or starting that business you've always wanted to. Bradley became passionate about enabling a sustainable freelance life because of the freedom and fulfillment it provides, and thus chose to bring the freelance life to millions through Mylance.Grit to winBesides the above accomplishments, nothing says grit more than bootstrapping a company from scratch to over $70k in revenue in its first nine months, mostly done without any coding experience or in-house products. We know how to stretch a dollar, bring on excellent talent, and overcome the adversity that comes with starting any company. As an anecdote, our first Bootcamp cohort in June 2020 was with 6 talented individuals. Afterwards, we collected a satisfaction survey and averaged a 6.2 / 10. While obviously not easy to digest, we took it upon ourselves to interview every customer to learn what could've been better, and in 4 short days, turned around an upgraded product for the July cohort. For the July cohort, we measured an score of 9.8. We listened, we took feedback, we iterated, and we delivered an excellent product to add value to our customers.An additional noteFor us, this is not an opportunity to raise money, give it our best shot, and try again if it fails. We truly believe\u0026nbsp;Mylance will succeed as a company, and we'll give everything we have to make it so. We believe that in a big space with a talented, hard working team, we can be successful if we are sure that 1. 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would you distinguish Mylance from the many similar companies in this space, like Moxi (https://wefunder.com/moxi)?","answer":"Thanks for the question! Looking at Moxi specifically, they're targeting one pain point of a freelancer, getting paid. Going out on your own as a freelancer comes with numerous challenges today, yet 60 million Americans choose it anyway because of the flexibility, freedom, and empowerment that comes from working for yourself. The independent workforce requires everything that a company would normally provide: health insurance, tax withholdings, income stability, a peer network, coaching, etc...."},{"question":"Hello Bradley, I am potentially looking at your company to invest in but I would like to see your financial statements. Are you able to share the financial statements?","answer":"Hi Spencer. Thanks for the question. This isn't a typical request of an early stage company. What are you looking to learn from our financial statements? I can tell you that in 2020, we got our first customer in March 2020, and brought in about $75k of revenue in the year. Running lean and bootstrapping, the business was almost exactly breakeven. Are there any other specifics you'd like to know about?"},{"question":"- What were the total salaries paid during the past year (2020)? you mentioned one of the problems that the freelancers face is the deal generation and deal flow, how do you plan to solve this?","answer":"I'm not sure if you're asking about salaries internally to Mylance, or the rates that our customers (freelancers) are getting. For salaries internally, I mentioned the business was breakeven for our first year, and our revenues were about $75k through the end of 2020. Given the majority of our costs were people costs, that's basically what we paid to our team. For the freelancers, we're helping them accomplish their goals, which often are to replace their past salaries with their freelancing ..."},{"question":"\"📈 Grew revenue 695% from H1 2021 to $49k in H2 2021\" H1 2021 is not yet closed and H2 hasn't started. Please reconcile your claimed sales against the actual calendar.","answer":"Apologies for the typo. The numbers published there are for 2020"},{"question":"Hi Bradley, Is there anyway I can talk to you? Future investor with some great ideas that will help the company expand tremendously. Thank you.","answer":"Sure, shoot me an email to bradley@mylance.co"}],"recent_posts":[{"id":161167,"entity_id":"wefunder:feed_item:161167","title":"January 2023 Mylance Investor Update","preview":"Hard Hitting UpdatesWhile we grew 7x in 2022, we didn’t have a clear focus, and we weren’t set up for scaleSo, we transitioned the tax business and paused the AcceleratorWhile this is a short-term revenue hit, it also cut our costs significantly and extended our runwayMost importantly, it allows us to focus the entire team and all our efforts on our software!We launched our first customer-facing MVP this past month, using small coaching cohorts to add value and collect customer feedbackOur ma...","published_at":"2023-02-08T22:56:29Z","canonical_url":"https://wefunder.com/feed/161167"},{"id":158504,"entity_id":"wefunder:feed_item:158504","title":"August 2022 Investor Update","preview":"IntroThank you for taking the time to read our August 2022 Investor Update. This update is a “special edition” where we’re going to provide a State of the Union for Mylance. Please don’t hesitate to reach out to me with your feedback.If you know someone who wants to invest in Mylance or join the team, please direct them to me (bradley@mylance.co) directly.Problem we’re solving48% of an independent consultant’s time is spent doing non-earning, admin activities that include 1) Lead generation a...","published_at":"2022-09-29T19:07:27Z","canonical_url":"https://wefunder.com/feed/158504"},{"id":156799,"entity_id":"wefunder:feed_item:156799","title":"June 2022 Mylance Update","preview":"RevenueRevenue in June grew 19% MoM to a new record! We are on track with regard to cash and remain in a great cash position given we’re operating at breakeven. We are currently sitting at 24 months of cash runway, similar to previous months.HQMay was all time high for us for HQ user growth, and June has proven to be the same. Given the slow summer, it’s great to see us maintain these numbers.We’re keeping a close eye on cohort retention of our HQ users. We know we have work to do to get the ...","published_at":"2022-07-15T17:16:33Z","canonical_url":"https://wefunder.com/feed/156799"},{"id":151804,"entity_id":"wefunder:feed_item:151804","title":"Last chance to invest! And a 2021 Year in Review","preview":"Our Wefunder is officially closing in 7 days, and this is your absolute last time to invest in us at this valuation. We have been growing incredibly fast lately, and will target a raise in ~6 months at 2-3x the valuation cap of this SAFE.A quick update on where things stand:Tax SubscriptionsThis product has been growing incredibly fast over the past 8 weeks. We’re now over $6,400 in monthly recurring revenue, averaging $222 per month per customer subscription, and 106% MoM growth!Our projecti...","published_at":"2022-01-06T19:52:58Z","canonical_url":"https://wefunder.com/feed/151804"},{"id":150901,"entity_id":"wefunder:feed_item:150901","title":"Mylance continues to build and grow!","preview":"We have a number of exciting updates to share with you:We've hired a new CPA for the Tax and Bookkeeping side of the business! Bethany is skilled in driving growth and is both a lawyer and a CPA. She comes from Collective, who specializes in working with independent consultants, and has helped us achieve 23% WEEK over week growth since she started 5 weeks ago. We expect the tax subscription part of our business to be a huge driving factor in growth and retention in 2022We've updated the HQ pr...","published_at":"2021-12-06T19:00:09Z","canonical_url":"https://wefunder.com/feed/150901"},{"id":148818,"entity_id":"wefunder:feed_item:148818","title":"The Mylance HQ is Live!","preview":"After a ton of hard work and dedication, the HQ product is live! The HQ\u0026nbsp;is a digital storefront for your freelance consulting business. It's your external facing website that helps legitimize and professionalize you in front of clients. Your HQ showcases your niche, testimonials, and case studies to help you get hired, without expensive design costs or any drag and drop. For a very limited time, the HQ is free to have your own website.\u0026nbsp;Check it out or build yours here!We're getting ...","published_at":"2021-09-20T19:42:53Z","canonical_url":"https://wefunder.com/feed/148818"},{"id":146536,"entity_id":"wefunder:feed_item:146536","title":"Founding Engineer Hired and Product Updates","preview":"We've found our founding engineer! Gerardo Raiden (G for short) comes to us with a ton of both engineering and founder / CTO experience. He's started multiple companies, has successful exits, is an incredibly talented engineer, and an all-around great guy. This is a huge milestone for Mylance, and I could not be more excited to welcome him to the team. He has already started collaborating with our dev shop, and started full time July 1st!\u0026nbsp;\u0026nbsp;From a product perspective, we've pivoted a...","published_at":"2021-07-07T20:09:55Z","canonical_url":"https://wefunder.com/feed/146536"},{"id":143700,"entity_id":"wefunder:feed_item:143700","title":"Some Mylance updates to share!","preview":"For Mylance over the last 4 weeks we're celebrating:1. New website (check it out! https://mylance.co/)2. Five new incredible team members\u0026nbsp;Sahana Satish\u0026nbsp;Charles Stern\u0026nbsp;Benjamin Wordell\u0026nbsp;Rebekah Bibee\u0026nbsp;manav p thaker!3. Kicked off with a dev shop to build our first native product4. 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