How would you distinguish Mylance from the many similar companies in this space, like Moxi (https://wefunder.com/moxi)?

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....

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?

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?

- 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?

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 ...

"📈 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.

Apologies for the typo. The numbers published there are for 2020

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.

Sure, shoot me an email to bradley@mylance.co

Mylance

The "Shopify" for skilled independent consultants

mylance.co

San Francisco, CA

Technology Marketplace B2B SaaS

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Katie interviewed Mylance on May 25, 2021. Play Video

Katie Sarro

Head of Africa Region at ExpertDOJO

Strengths

says, "Experience building and executing similar playbooks in the past with operating experience at Uber, etc"

Advice

says, "From your pitch, I think your competitors aren't mentioned until later so I would actually reverse engineer things a bit to address that head on from the beginning (it will be one of the most common Q's you get from investors)"

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LEAD INVESTOR

Invested $5,000 this round + $5,000 previously

As a Mylance graduate and a business owner, I understand the undertaking of starting a new business. Making this flawless transition with Mylance showed me the potential of a thriving business opportunity they have tapped into. I am especially impressed by their organic growth so far! Before Mylance, freelancers have been on their own. This is no longer the case! Its unique business model will set any freelancer up for success and prosperity. This is why I chose to invest in the future of freelance.

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