{"data":{"type":"company_profile","id":50164,"entity_id":"wefunder:company:50164","attributes":{"canonical_url":"https://wefunder.com/skillsoniq","generated_at":"2026-06-16T04:38:46Z","updated_at":"2026-06-15T05:00:19Z","entity_ids":{"company":"wefunder:company:50164","slug":"wefunder:company_slug:skillsoniq"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T04:38:46Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-15T05:00:19Z","as_of":"2026-06-16T04:38:46Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-15T05:00:19Z","as_of":"2026-06-16T04:38:46Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-03-04T01:12:13Z","as_of":"2026-06-16T04:38:46Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-03-04T01:12:13Z","as_of":"2026-06-16T04:38:46Z","confidence":"medium"}}},"company":{"id":50164,"entity_id":"wefunder:company:50164","slug":"skillsoniq","name":"SkillSoniq","tagline":"Connecting companies with freelancers using AI: Rapid growth during COVID-19","elevator_pitch":"SkillSoniq is the first online marketplace that connects companies with freelancers when and where they want, at affordable rates. We use powerful algorithms\u0026nbsp;to\u0026nbsp;do this within just 5 business days!","story":"How We StartedA\u0026nbsp;few years\u0026nbsp;ago, SkillSoniq's founder\u0026nbsp;had a\u0026nbsp;terrible experience working with remote talent,\u0026nbsp;and suffered from extreme stress and depression, because of the lack of trust, security, communication and professionalism he experienced\u0026nbsp;in working with remote talent, exacerbated by the\u0026nbsp;difference in time zones.\u0026nbsp;When he started looking for\u0026nbsp;more convenient ways to hire talent locally in New York, he found none. He realized that:On Job Portals, it took 30-40 days to hire talent and\u0026nbsp;Staffing Agencies charged 20-25% commission. As a result,\u0026nbsp;companies spent months interviewing and\u0026nbsp;hiring expensive\u0026nbsp;workers, in many cases, not being able to replace a worker if they were not a good fit.\u0026nbsp;This is a problem that will persist and will only get bigger as companies hire more and more workers.SkillSoniq is the first online marketplace that uses powerful algorithms to connect companies with skilled \"contract to hire\" freelancers when and where they want, at highly affordable rates. Companies work with freelancers in their city, and at any point during the project, either extend project, end project, replace freelancers or flip freelancers to their payroll. \u0026nbsp;\u0026nbsp;SkillSoniq's Mission: To enable companies to hire talent when and where they want, at highly affordable ratesSkillSoniq is quick, affordable and convenient. Something that\u0026nbsp;Job Portals, Staffing Agencies and existing Freelance websites are not.Uber for Skilled, Local\u0026nbsp;FreelancersWith the world's workforce moving rapidly towards freelancing, we are well poised to leverage this freelance revolution, and use\u0026nbsp;sophisticated technology\u0026nbsp;to wipe out inefficiencies in the\u0026nbsp;recruitment space, across Job Portals, Staffing Agencies and Remote freelance platforms.\u0026nbsp;In the \"SkillSoniq\" world,\u0026nbsp;companies will be able to\u0026nbsp;hire / fire talent in the office\u0026nbsp;easily, thereby building teams with the click of a button.We aspire to be like Uber for Skilled, Local freelancers - Just like you get a driver within 5 minutes, our vision is to provide skilled freelancers right in the office\u0026nbsp;within 1 business day. If you don’t like them, simply click a button to replace them!Think about that! Companies open up the app, search for skills and get a freelancer right in their office the next day! This will truly revolutionize sourcing for\u0026nbsp;companies and make hiring talent just a click away.\u0026nbsp; We are currently using intelligent algorithms to provide skilled freelancers within 5 business days, which is saving companies 60% time and cost in hiring talent.2019 has been a foundational year for us! We are poised for massive growth in 2020 and beyondWe spent most of 2016, 2017 and 2018 painstakingly researching our business idea, building multiple versions of our product, scaling up a database of freelancers, and testing our offerings in the market to find the right set of customers. In 2019, we believe our efforts in the prior 3 years have paid off and since market launch in Q1 2019, we are doubling Annualized Gross Revenue (or Annualized Payments) every quarter!2019 has only re-inforced our belief that there is a huge market need for companies to hire local, freelance\u0026nbsp;talent, quickly and\u0026nbsp;at affordable rates. We now plan to capitalize on our learnings in\u0026nbsp;2019 to grow rapidly in 2020 and beyondOur Gross Revenues in 2019 stand at $330,000+ at a run rate of $50,000/month, and we are earning Net Revenues at a run rate of roughly $5,000/month. We have also witnessed a high net profit margin of 30% (as a % of Net Revenue). All this in just the first year of market launch in 2019, and by spending negligible money on advertising!SkillSoniq is serving an unmet need for local freelance talent that no other company is currently focused on solvingWe believe job portals cannot replicate our model since they are resume driven, focused on full-time jobs and are not personalized to the job seeker and employer. We also believe that freelance sites like Upwork, Fiverr and Freelancer.com have a different mission of connecting companies with \"remote\" talent that is cheap and low quality. In contrast to our competition, we personalize our services to companies and freelancers, and are quick, convenient and affordable.SkillSoniq is well positioned to serve an unmet need for local \"contract to hire\" freelance talent, and will allow us to grow till the point \"Network effects\" begin to surface on our platform. Once that happens, \"switching costs\" for freelancers and companies will become extremely high.Convenience powered by Sophisticated\u0026nbsp;TechnologyThe convenience of the SkillSoniq platform\u0026nbsp;is matched by the equally complex data pipelines and\u0026nbsp;algorithms in the back end.\u0026nbsp;Our technology is backed by powerful algorithms, including Natural Language Processing, Backward Propagation,\u0026nbsp;Deep Learning and Machine Learning,\u0026nbsp;with the sole objective of enabling companies to hire talent within 1 business day. Our matching algorithms will get better at predicting matches,\u0026nbsp;as more companies make interview and project\u0026nbsp;decisions on the platform\u0026nbsp;We believe that in 2020, we will begin to display strong Network Effects that will create a huge barrier to entry for competitors to replicate our services quickly. These effects will begin to surface as we utilize a training corpus we have setup to intake data from all of the activities happening on SkillSoniq, before, during and after a project. The data fed into\u0026nbsp;our training corpus\u0026nbsp;will help us identify\u0026nbsp;strong hiring patterns and significantly improve our prediction power. This will drive our demand flywheel, and cause\u0026nbsp;more companies to sign up on SkillSoniq. As more companies sign up, more qualified\u0026nbsp;freelancers will automatically apply on the platform, which will, in turn,\u0026nbsp;enable more companies to sign up.We envision 5 use cases for Machine Learning and AI on our platform,\u0026nbsp;and\u0026nbsp;that we believe\u0026nbsp;will drive strong\u0026nbsp;Network effects\u0026nbsp;on SkillSoniq:1. Enhanced Matching -\u0026nbsp;Companies currently interview and/or decline candidates and specify reasons for doing so - All of this data is routed into our training engine, which is used to deploy newer, more enhanced predictive models on our platform.\u0026nbsp;As companies make more interview and project decisions on the platform, our algorithms will analyze this behavior and will start using this learning to predict better freelance matches for similar companies and for similar projects2. Supply - Demand Alignment -\u0026nbsp;Our training engine is setup in a way that as it gets bigger, we will use\u0026nbsp;it to predict which freelancers should be automatically approved or declined\u0026nbsp;on our platform right when they apply to get projects on SkillSoniq. Our technology will automatically take inputs such as the quality of an application, time of the year, active projects, predicted demand\u0026nbsp;and existing supply to automatically approve/decline new profiles in a way that the freelancers who are approved start receiving interview offers the next day.\u0026nbsp;This will ensure\u0026nbsp;high liquidity on our platform, and job seekers will begin to see the value in getting approved on SkillSoniq3. New Hire Prediction -\u0026nbsp;Since we get data on which roles companies are hiring for, what skills are the most popular, how many freelancers are being hired and in what order, we will begin to use this data to recommend new hires to companies that hire just 1 freelancer through our platform. This will make it very easy for companies to start building a team of relevant talent, based on the hiring patterns of their competitors or successful companies in their space4. Real-time Feedback Analyses -\u0026nbsp;As more\u0026nbsp;freelancers are deployed on projects, they will provide feedback to SkillSoniq on their project experience. For example, they will tell us about their commute to work, experience on day 1, the culture at the client site, feedback on their\u0026nbsp;reporting manager, what skills they are gaining, and how much they like the project. All of this data will be used to classify the freelancers as a \"personality type\" and be used to predict projects that make a great fit5. Optimized utilization of Freelancers -\u0026nbsp;SkillSoniq gets a ton of data on how many hours freelancers are working,\u0026nbsp;where they are working and what they do on a weekly basis. As we scale, this data will be used to send them similar project offers during their idle time, to bump up their utilization. For example, if a freelancer commutes from Brooklyn to Midtown Manhattan to work on projects on Monday, Wednesday and Friday, SkillSoniq will automatically send them offers for projects on Tuesday and Thursday to ensure they are utilized during the work week and make more moneyWe believe job portals, staffing agencies and other freelance portals\u0026nbsp;will not be able to replicate SkillSoniq because they are more transactional in nature and have minimal\u0026nbsp;data points on where candidates are interviewing, how their experience on a job is, how much they are getting paid and if they are liking their job.\u0026nbsp;Because SkillSoniq gathers powerful data points from companies and freelancers before, during and after a project, it will help us personalize our services to both companies and freelancers in the future. All this to the extent that companies will simply have to state \"Alexa, get me a digital marketer\" and a digital marketer they like\u0026nbsp;will pop up in their office the next day!\u0026nbsp;Extremely Easy to use for Both Companies and FreelancersSkillSoniq is really easy to use for both companies and freelancers. Freelancers submit their profile on SkillSoniq just once - Freelancer applications are reviewed and once approved, freelancers sit back and relax as our technology sends them interview and project offers in their city. Companies, on the other hand, simply answer a few basic questions on whom they need, and the technology automatically connects them with the best freelancers in their city. During a project, freelancers use the app to complete timesheets and get paid by SkillSoniq every week. At the end of the project, SkillSoniq collects anonymous feedback from both the company and the freelancer, which is used to enhance matches in the future.After a few months of working with a freelancer, companies get the option to convert freelancers to their payroll, extend project or end the project. This way, they get to \"Try before they buy\" and leverage the true power of the freelance revolution the global workforce is witnessing.Our thousands of freelancers come with 50+ skill-sets and are broadly classified into 4 categories:1. Professional: These comprise of Bankers, Lawyers, Chartered Accountants, Chartered Financial Analysts, Educators and so on2. Creative: These comprise of graphic designers, architectural designers, UI/UX designers, content editors, photographers, videographers and so on 3. Technical: These comprise of Developers, Project Managers, Data Science experts, Product Managers, Testers and so on4. Other: These comprise of Office managers, PowerPoint experts, Operations Specialists and so onOur freelancers work with clients in the following 3 ways:1. Full-Time Freelancers (dedicated to one client at a time): They freelance full-time for a single client at a time2. Full-Time Freelancers (dedicated to multiple clients at a time): They freelance full-time for multiple clients at a time3. Part-Time Freelancers: They have full-time jobs and freelance part-time on the evenings and/or weekendsWe have Attractive Unit Economics, and Sales Channels that are working for us with minimal advertising dollarsWe currently spend ~$375 to win one customer, from whom we earn\u0026nbsp;at least\u0026nbsp;$1,500 in Net Revenue (\"Lifetime Value or LTV\"). This makes our LTV/CAC ratio 4x, which is extremely attractive. This ratio gives us room to invest heavily in our proven sales channels, and maintain an average LTV/CAC ratio at around 3x.\u0026nbsp;Below are the details of our LTV and CAC metrics:Through market feedback, we realized that our sweet spot of customers right now\u0026nbsp;are companies with a headcount of\u0026nbsp;less than 200 employees. These are companies that cannot afford to waste time on Job Portals, cannot afford staffing agencies, and want the convenience of working with contractors in their office, with the option to convert them full-time. We are currently focused on winning in this segment of the market and will slowly scale our services to medium sized and enterprise clients.We currently acquire customers through 4 major sales channels, and plan to double down on these sales channels to accelerate our growth in 2020. 2 of the 4 sales channels have been successfully\u0026nbsp;tested, and we believe we are developing\u0026nbsp;a solid, scalable\u0026nbsp;playbook to grow in 2020 and beyond1. Partnership with Coworking spaces and\u0026nbsp;Sales Conferences\u0026nbsp; - Most of our target set of companies operate out of co-working spaces.\u0026nbsp;We have partnered with all the 50+ WeWork locations in NY, along with other major\u0026nbsp;coworking spaces like Serendipity Labs, The Yard, Bond Collective, Joynture and many more. With the help of positive market feedback, we have been able to conduct 120+ coworking space events and continue to organize at least 10 coworking events every month. During such events, we educate potential clients on SkillSoniq, do real-time demos, and hand out marketing material. We then follow-up with leads to convert them into paid customers.\u0026nbsp;We have also found certain tech conferences in New York to be\u0026nbsp;a great way to meet potential customers.\u0026nbsp;Coworking space and tech conferences\u0026nbsp;have not cost us much and have given us a healthy conversion rate of ~5%, which means for every 100 companies we speak to at these events, 1 company ends up using SkillSoniq. We launched in the market with this sales channel to have a direct interaction with potential customers, get intimate market feedback on SkillSoniq, and close on a higher percentage of qualified leads. We understand that while this channel has a high conversion, is \"high touch\" and cheap, it is not scalable. Hence, we opened up a second sales channel more recently (Email Marketing), through which we have seen success at a small scale, and that is much easier\u0026nbsp;to scale.\u0026nbsp;2. Highly targeted\u0026nbsp;Email marketing campaigns - We built an in-house tool to gather qualified leads on people who are actively hiring in and around\u0026nbsp;New York, and run highly targeted email marketing drip campaigns to educate target customers about SkillSoniq, and encourage them\u0026nbsp;to go\u0026nbsp;through\u0026nbsp;our sales funnel. We started this sales channel in September 2019, and have sent out ~8,000 marketing emails since then. We have seen the below conversion rates from the emails we have sent so far:a. 0.5% -\u0026nbsp;1% conversion from emails\u0026nbsp;into a\u0026nbsp;demob. 15% conversion from a demo to a paid customerc.\u0026nbsp;\u0026nbsp;0.07% - 0.1% overall conversion rate (c = a x b)This means for every 1,500 emails, we get a paid customer.\u0026nbsp;We believe this is an attractive conversion rate, and that we can win at least 10 unique customers every month by doubling down on this sales channel and\u0026nbsp;sending 10,000+ targeted drip campaigns\u0026nbsp;every month.3. Channel Partnerships - Since the global workforce is seeing a shift towards freelancing, we are seeing a ton of companies provide B2B services to companies that hire freelancers. These include Payroll companies, Freelance Insurance providers (Ex: Trupo), Freelance Payment\u0026nbsp;Providers and many more. We are currently exploring ways to club our services with these freelance services and strike creative revenue share partnerships with more established companies. This will allow us to automatically sell to customers serviced by our partners.\u0026nbsp;While the sales cycle may be long for this sales channel, we believe we can seal major partnerships with bigger clients through this sales channel. Since our Gross Margins (on Net Revenue)\u0026nbsp;are north of 40%, we can afford to strike revenue share partnerships and still maintain a healthy Gross and\u0026nbsp;Net Profit margin4. SEO and PPC Campaigns - While the above 3 sales channels will drive growth for us in 2020 and beyond,\u0026nbsp;we believe we can build a solid stream of sales leads through digital marketing, more specifically through\u0026nbsp;a smart SEO strategy and through paid search\u0026nbsp;campaigns. We have identified a list of 20 keywords that are relevant to our business and to the volume of searches on Google, and are investing heavily in content to bump up our rankings on Google. We believe that over the next 12 months, we will begin to get inbound leads organically through this channel, which will supplement the leads we generate through the above 3 sales channels. Sometime in 2020, we will also begin to run test campaigns through paid ad channels like Google Ads, Facebook Ads, Instagram Ads\u0026nbsp;and LinkedIn Ads. We do not currently invest in these channels as they are expensive for us.Our goal is to invest in the above 4 sales channels in 2020 to win in New York, and then in 2021,\u0026nbsp;replicate this strategy to enter\u0026nbsp;other freelance heavy cities like Washington DC, Chicago, San Francisco, Los Angeles, Denver, Houston and\u0026nbsp;Austin\u0026nbsp;\u0026nbsp; \u0026nbsp; \u0026nbsp;Business ModelWe currently make money in 2 ways:1. We charge freelancers a 10% commission on every dollar paid by the client\u0026nbsp;to the freelancer\u0026nbsp;2.\u0026nbsp;We charge clients a 10% Buyout fee every time they flip a freelancer to their payroll3. In the future, we will charge higher commissions to freelancers to access\u0026nbsp;premium features on the platform4. In the future, we will charge clients to access premium features on the platformGlobal Workforce undergoing a major shift towards Local Freelancing,\u0026nbsp;and we are ready to capitalize on it!Our addressable\u0026nbsp;market for skilled freelancers\u0026nbsp;is estimated at a whopping\u0026nbsp;$25 Billion in net revenue per year just in the US\u0026nbsp;and is growing at 20% a year!\u0026nbsp;New York, in which we operate, represents the largest market for skilled freelancers at $3 Billion in net\u0026nbsp;revenue per year.\u0026nbsp;SkillSoniq is currently operational in New York and New Jersey, and is\u0026nbsp;well positioned to capture the New York market for skilled freelancers using our sales playbook, that has worked well for us at a small scale. Towards the end of\u0026nbsp;2020, we plan to\u0026nbsp;replicate our playbook in other \"freelance heavy\" cities and countries.\u0026nbsp;We need your\u0026nbsp;Funds now to invest in avenues that have worked for us, quickly reach critical mass and put our marketplace in a hyper-growth spiralWe are currently bootstrapped and believe we are almost there in terms of a\u0026nbsp;product-market fit, with repeat clients and great feedback from both clients and freelancers. We believe now is the time to raise funds, to invest in sales channels that have worked for us, invest in our product\u0026nbsp;and grow rapidly within and outside New York.\u0026nbsp;\u0026nbsp;We believe an investment from you will help us reach the critical mass or escape velocity needed to put our marketplace in a hyper-growth spiral. With that in mind, we are\u0026nbsp;looking to raise angel funds to invest in our team, product and\u0026nbsp;marketing, so that we can win in the New York market by the end of 2020, and set ourselves up to replicate our sales playbook in other \"freelance heavy\" cities across the world.\u0026nbsp;More specifically, we plan to:1. Invest in hiring a full-time\u0026nbsp;sales person who will enhance our strategy of bringing in clients, and help us win small, medium and\u0026nbsp;enterprise clients in New York2. Convert our core team members across Tech, Data Science and Marketing from part-time to\u0026nbsp;full-time to accelerate our top line, and product development3. Invest in our product to expedite the\u0026nbsp;release of 25+ product features that customers have demanded on the platform. A\u0026nbsp;few examples being multi-user ability, messaging, ability to filter matches, ability to download data, faster processing of matches,\u0026nbsp;a better payment platform and\u0026nbsp;calendar integration.\u0026nbsp;4. Invest in enhancing our matching algorithms to automatically pre-screen freelancers, reduce the time to fill to 1 business day and\u0026nbsp;predict future hires for clients5. Invest in content writing, search ads and social media marketing\u0026nbsp;to bring in more users and\u0026nbsp;customers6. Invest further in highly targeted\u0026nbsp;email marketing campaigns to scale up our customer acquisition process7. Invest in customer support and operations to manage the intake of freelancers, provide excellent\u0026nbsp;customer support\u0026nbsp;and setup an\u0026nbsp;operations team\u0026nbsp;We plan to do a second fund raise (priced round)\u0026nbsp;towards the end of 2020 to fuel our growth in freelance heavy cities in and outside of New York.\u0026nbsp;Core Team positioned to Win - 35+ Years of Relevant Experience across Sales, Marketing, Tech and Data ScienceThis is a great opportunity for you to invest in a company that is led by an extremely smart (yet\u0026nbsp;modest)\u0026nbsp;and\u0026nbsp;experienced\u0026nbsp;team, that has felt the pain of hiring and applying for jobs,\u0026nbsp;and are determined to transform the way talent is hired. Our team has a combined experience of 35+ Years across Sales, Finance, Operations,\u0026nbsp;Tech, Data Science and Marketing\u0026nbsp;\u0026nbsp;Abby (Founder,\u0026nbsp;3x Entrepreneur\u0026nbsp;and Proven Leader)Abby leads from the front, has 12+ years of professional experience,\u0026nbsp;graduated top of his class with a BBA and MBA from\u0026nbsp;University of Michigan Ross School of Business and Indian School of Business respectively, is a Chartered Financial Analyst, and\u0026nbsp;has been an entrepreneur three times,\u0026nbsp;since the age of 19. His first experience as an entrepreneur was when he was 19,\u0026nbsp;to sell paint jobs to homeowners in the not so\u0026nbsp;affluent neighborhoods of Detroit. As an immigrant who had just landed in the US to pursue undergraduate studies, Abby learnt the true meaning of persistence during this experience, when he knocked on doors of homeowners, and sold and executed\u0026nbsp;paint jobs over the summer of 2004. His second venture was a non-tech traditional venture in the training space in India, which grew to 12 cities, had 10,000+ customers and was largely profitable. He had to shut it down as the traditional training space was killed by online training. SkillSoniq is Abby's third venture and over the last 12+ years, he has gained massive experience working for Fortune 500 companies like Merrill Lynch and\u0026nbsp;GE across Finance, Operations, and Consulting, managing large teams. Abby brings to the team a well rounded professional experience, as well as that determination to never give up. He is an eternal optimist and believes that the freelance recruitment space is ripe for disruption.\u0026nbsp; \u0026nbsp;Brian (Tech Lead and Tech\u0026nbsp;Genius)Brian joined SkillSoniq early on as a full stack developer\u0026nbsp;and has been instrumental in creating all things tech at this company.\u0026nbsp;Brian is an International Relations Expert from Boston University, who realized a few years back that tech was his true calling. After graduating from tech boot camps like General Assembly and Flatiron School in New York, he became an expert in front end and back end coding languages. Brian is an absolute genius when it comes to understanding user requirements and translating them into product features.\u0026nbsp;He creates web based applications which make data analysis possible through the collection and visualization of content usage across convergent marketplaces, and has been instrumental in rolling out product features at SkillSoniq at trailblazing speeds.\u0026nbsp;Bogdan (Digital Marketing Lead)Bogdan joined SkillSoniq as a Digital Marketing Expert, has helped several companies get to the first page on Google for relevant keywords and has 8+ years of experience doing just this!\u0026nbsp;Bogdan grew up in Canada, and is obsessed with how Google Search results work, with content writing, and with figuring out effective PPC Campaigns. Bogdan is\u0026nbsp;motivated by a natural curiosity for how things work, which makes him diligent in gathering competitive intelligence. He is\u0026nbsp;fascinated by market trends and analytics data. He is\u0026nbsp;very tech-savvy and is actively involved in UX/UI design-based strategies as well as the implementation and monitoring of user behaviors and engagement-related activities. He creates\u0026nbsp;cutting-edge user experiences, while working to improve advertising solutions and campaigns through ongoing product development. Bogdan has an\u0026nbsp;ardent interest in fashion, music, art, luxury, culture. Rick (Sales Lead)Rick joined SkillSoniq as a sales leader and comes with 12+ years of sales experience. Rick has extensive sales and recruiting experience, helping startups, medium sized and enterprise clients\u0026nbsp;grow primarily by hiring the right people. Rick understands what it takes for companies to grow by hiring the right talent and has been helping SkillSoniq in developing and executing a scalable sales playbook. Adam (Lead Data Scientist)Adam is a double Masters and a graduate of University of Pennsylvania. He is an expert in Paleontology and Statistics. In transitioning from Academia into Data Science, Adam attended the\u0026nbsp;The Data Incubator bootcamp. There he was able to apply his statistical training to business oriented, real-world messy data. He designed and completed his own project in predicting the success of Kickstarter campaigns, by scraping the data from 175,000 campaign websites, and testing out a number of different models in order to best predict campaign success. He used both natural language processing and quantitative data about the campaigns, and ultimately had a model with a 60% accuracy rate on the test set, built on balanced training sets. Adam is working on solving exciting Data Science\u0026nbsp;problems @\u0026nbsp;SkillSoniq using Deep Learning, NLP, Machine Learning and Neural Nets.\u0026nbsp;Board of AdvisorsCurt Olson (Advisor)Curt is a\u0026nbsp;forward-thinking, innovative, results-driven senior executive\u0026nbsp;with demonstrated expertise in developing and executing strategic vision, driving top and bottom line results, merging business units and consolidating cultures, building cohesive executive teams, and aligning organization with strategic vision. Established capabilities in team leadership and talent development, sales force and customer management, and IT development and implementation. Adept at reorganizing large sales forces, driving a culture of compliance, reducing expenses, and improving profitability. Proven track record of driving transformational change, and delivering top-line and bottom-line results. Curt has been the CEO of Billion Dollar Companies such as AIG Benefit Solutions, ING Life Korea, and ING Employee Benefits.\u0026nbsp;Don Burton (Advisor)Don has had an interesting career at the cutting edge of education innovation and technology-- primarily launching, scaling, and exiting companies as well as a thought leader on the topic of the Future of Education. As a strategic advisor, Don worked with McKinsey \u0026amp; Co consulting on strategies to launch interactive media business units and how to create open innovation within large corporates such as Apple, IBM, Sony, AT\u0026amp;T, Time Warner Cable, Cox Cable, Viacom and Disney and with Goldman Sachs advising on exits and acquisitions. As an Intrapreneur, he has built education startups within large companies such as Walt Disney Company and Kaplan. As an Entrepreneur, he has built multiple edtech startups on his own as a founder with a major exit to Kaplan/Washington Post. He most recently has been a successful edtech investor with a portfolio of more than 30 startups as a seed stage investor. Don was an angel investor before running edtech Startup Accelerator programs with Techstars, and for his own company, graduating 3 cohorts who have raised more than 100 million in financing and have an estimated market cap of more than $400 million.\u0026nbsp;He currently is co-founder and managing partner of LearnStart, a seed stage venture capital fund focused exclusively on learning, education and talent. Don graduated from Harvard Business School and Duke University.Rishi Kapal (Advisor)Rishi is a\u0026nbsp;Stanford LEAD Alumni, Author of Kites in a Hurricane, MIASMA and Next Generation Mobile Communications , has extensive experience in\u0026nbsp;scaling early revenue companies in global markets, is a\u0026nbsp;performance and career transition coach, and an\u0026nbsp;academician by choice. He has\u0026nbsp;coached and mentored 100+ candidates at CXO/ middle management and 1000+students as on date.Thanks for reading our story!\u0026nbsp;Do let us know if you have any questions - We look forward to working with you!","location":"New York, NY","website":"https://www.skillsoniq.com","total_amount_raised":100136,"total_investors":240,"is_funded":false,"is_active":false,"quality_score":2,"related_urls":["https://wefunder.com/skillsoniq","https://www.skillsoniq.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/50164/xxl_cropped_video_cover.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/50164/large_cropped_SS_Logo_-_Edited.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/50164/standard_cropped_video_cover.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/50164/standard_cropped_video_cover.jpg","profile_video_url":"https://wefunder.wistia.com/medias/ya0a4mei3a"},"links":{"company_url":"https://www.skillsoniq.com","twitter_url":"http://twitter.com/skillsoniq","facebook_url":"https://www.facebook.com/skillsoniq","instagram_url":"https://www.instagram.com/skillsoniq/"},"highlights":[{"id":62736,"name":"notable_angel","url":"notableangel","presentable_name":"Notable Angel","description":"Raised $25k or more from a notable angel investor","image_url":"https://uploads.wefunder.com/2021/profile-highlights-check.svg"}],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"We anticipate heavy demand for our services due to COVID-19, as more companies will lean towards hiring flexible, specialized freelancers"},{"index":2,"claim_id":"claim-fact-2","value":"220+ investors including Venture Capitalists and high profile Angel investors from Amazon, Goldman Sachs and Airbnb"},{"index":3,"claim_id":"claim-fact-3","value":"6,000+ Freelancers, 100+ Clients, $600K in Annualized Revenue in the 1st year of launch - Doubling revenues every quarter. No advertising!"},{"index":4,"claim_id":"claim-fact-4","value":"High Profile Board of Advisors: CXO of Billion Dollar Companies, MD of Techstars, Experienced Venture Capitalist, Successful Entrepreneurs"},{"index":5,"claim_id":"claim-fact-5","value":"Total addressable market in the US is $25B in net revenue a year, and growing at 20% a year. International growth rates are up to 80% a yr"},{"index":6,"claim_id":"claim-fact-6","value":"Our clients obsess over our platform and use us repeatedly. Google Rating of 5.0/5.0 and TrustPilot rating of 4.6/5.0"},{"index":7,"claim_id":"claim-fact-7","value":"Global workforce is rapidly shifting towards freelancing - 1 in 3 US workers currently freelances. Soon, 1 in 2 US workers will freelance!"},{"index":8,"claim_id":"claim-fact-8","value":"Many clients have switched from Upwork (leading remote freelance platform) to SkillSoniq, as they preferred our product, quality and pricing"}],"team":[{"id":768965,"entity_id":"wefunder:company_role:768965","user_entity_id":"wefunder:user:304188","role":"founder","name":"Abby Verma","title":"Founder","bio":"3x Entrepreneur, CFA, MBA, Investment Banker and Management Consultant. Ran 2 successful companies - First one at the age of 19. Worked with Fortune 500 companies like Merrill Lynch and General Electric.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/768965/square_cropped_pic6.jpg?1575947550","profile_url":"https://wefunder.com/abby","linkedin_url":"https://www.linkedin.com/in/abby99914/","related_urls":["https://wefunder.com/abby"]},{"id":774516,"entity_id":"wefunder:company_role:774516","role":"employee","name":"Brian Duggan","title":"Tech Lead","bio":"International Relations Expert turned into a passionate coder! Creates web based applications which make data analysis possible through the collection and visualization of content","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/774516/square_cropped_brian_duggan.jpg?1573411519","linkedin_url":"https://www.linkedin.com/in/brianeduggan/","related_urls":[]},{"id":774517,"entity_id":"wefunder:company_role:774517","role":"employee","name":"Bogdan Z","title":"Digital Marketing Lead","bio":"Digital Marketing and Sales professional with 8+ years of combined expertise in the success of evolved business development initiatives and targeted display advertising strategies.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/774517/square_cropped_Bogdan.jpg?1660694832","linkedin_url":"https://www.linkedin.com/in/bzadorozhny/","related_urls":[]},{"id":784049,"entity_id":"wefunder:company_role:784049","role":"employee","name":"Adam Laing","title":"Lead Data Scientist","bio":"Built an in-house scraper to act like a human and scrape relevant public data from major websites","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/784049/square_cropped_Adam.jpg?1575730807","linkedin_url":"https://www.linkedin.com/in/adam-laing-41152516b/","related_urls":[]},{"id":774519,"entity_id":"wefunder:company_role:774519","role":"employee","name":"Curt Olson","title":"Sales Advisor","bio":"Former CEO of Billion Dollar companies such as AIG Benefit Solutions, Former CEO of ING Life Korea, Former CEO of ING Employee Benefits","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/774519/square_cropped_curt_olson.jpg?1574873831","linkedin_url":"https://www.linkedin.com/in/curtolson1/","related_urls":[]},{"id":784058,"entity_id":"wefunder:company_role:784058","role":"employee","name":"Rishi Kapal","title":"Advisor","bio":"Rishi is a Stanford LEAD Alumni, Author of Kites in a Hurricane, MIASMA and Next Generation Mobile Communications , has extensive experience in scaling early revenue companies in global markets and is a performance and career transition coach","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/784058/square_cropped_rishi.jpg?1575736421","linkedin_url":"https://www.linkedin.com/in/rishi-kapal-rik-6465003/","related_urls":[]},{"id":774520,"entity_id":"wefunder:company_role:774520","role":"employee","name":"Don Burton","title":"Strategic Advisor","bio":"Co-founder and managing partner of LearnStart, a seed stage venture capital fund focused exclusively on learning, education and talent. Don graduated from Harvard Business School and Duke University. Worked @ McKinsey, Goldman Sachs, MD @ Techstars","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/774520/square_cropped_Don_Burton.jpg?1574873903","linkedin_url":"https://www.linkedin.com/in/burtondon/","related_urls":[]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":43,"featured_investors":0,"faq_entries":5},"active_fundraises":[{"id":28717,"entity_id":"wefunder:fundraise:28717","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"1004000.0","funding_started_at":"2019-12-06T21:53:11Z","funding_closed_at":"2020-04-15T05:01:28Z","auto_close_at":"2020-04-15T03:59:59Z"}],"latest_fundraise":{"id":28717,"entity_id":"wefunder:fundraise:28717","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2019-12-06T21:53:11Z","funding_closed_at":"2020-04-15T05:01:28Z","terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[],"q_and_a":[{"id":104043,"entity_id":"wefunder:comment:104043","question":"Nice hoodie (just received).\u0026nbsp; Thanks!","author_name":"Paul Kellam","votes":1,"created_at":"2020-08-27T19:27:47Z","canonical_url":"https://wefunder.com/skillsoniq#question-104043","answers":[{"id":120932,"entity_id":"wefunder:comment:120932","answer":"Glad you liked it :)","author_name":"Abby Verma","votes":0,"created_at":"2020-12-23T16:25:45Z"}]},{"id":97961,"entity_id":"wefunder:comment:97961","question":"Any new updates?","author_name":"Mario M Teel Jr.","votes":1,"created_at":"2020-07-15T17:07:17Z","canonical_url":"https://wefunder.com/skillsoniq#question-97961","answers":[{"id":120935,"entity_id":"wefunder:comment:120935","answer":"Hey Mario - We posted an update and will post more soon. I confirmed with the team that we mailed out your hoodie back in August (via UPS) and you should have received it by Aug 27th. Pls confirm..","author_name":"Abby Verma","votes":1,"created_at":"2020-12-23T16:27:32Z"}]},{"id":85822,"entity_id":"wefunder:comment:85822","question":"Good morning team. What is your barrier to entry? And in your target scenario, what would the exit valuation look like? Thanks!","author_name":"Roosevelt Bowman","votes":1,"created_at":"2020-04-12T18:01:59Z","canonical_url":"https://wefunder.com/skillsoniq#question-85822","answers":[{"id":85848,"entity_id":"wefunder:comment:85848","answer":"Hey Roosevelt - My answers below: 1. Our biggest defensible asset is the ML/AI data we receive from both sides of the marketplace on their preferences, which powers our AI prediction model and will lead to extremely strong network effects. For ex - Freelancers give us feedback on how they are liking the project, their reporting manager, if they are enjoying the culture etc. Companies give us feedback on whom they like and dislike - All of this improves our model significantly. Think of it as you speaking with \"Alexa\" and \"Google Home\" and these devices getting better at understanding you. For companies to replicate what we are doing they will need this data to compete with us, which will be extremely hard for them hence they will simply have to buy us. 2. Our exit opps are either going public, or selling our company to a staffing company / job portal / remote freelancing website. We are working towards a valuation of at least $500M in the next 5 years, but there are of course no guarantees as this depends on a bunch of factors. Our addressable market is HUGE worldwide and we are aiming BIG as the problem we are solving is REAL. Reminder - There are only 2 days left to join the freelance revolution and invest in us! Let me know if you have more questions and stay safe!","author_name":"Abby Verma","votes":0,"created_at":"2020-04-12T21:38:00Z"}]},{"id":79691,"entity_id":"wefunder:comment:79691","question":"Becoming a unicorn for a startup company is very rare. How sure are you that your business will be very successful to have a cap of 1billion","author_name":"Emmanuel Akubo","votes":1,"created_at":"2020-02-22T22:32:56Z","canonical_url":"https://wefunder.com/skillsoniq#question-79691","answers":[{"id":79697,"entity_id":"wefunder:comment:79697","answer":"Hey Emmanuel - I would not invest time and money\u0026nbsp;in SkillSoniq if I\u0026nbsp;did not believe in it!We believe we are setup to scale in NY (and subsequently in other cities and countries), and a major \"use case\" of this\u0026nbsp;fund-raising round is to invest in Sales and Tech to achieve our objectives in the near term.Whether we become a Unicorn or not? I\u0026nbsp;really hope so, and will work extremely hard to get there because I\u0026nbsp;believe in our vision (so does our team, our wonderful customers and investors)!\u0026nbsp;\u0026nbsp;","author_name":"Abby Verma","votes":3,"created_at":"2020-02-22T23:53:52Z"}]},{"id":72060,"entity_id":"wefunder:comment:72060","question":"Abby, Because your reference New York several times, my question is what steps and safeguards are in place when verifying insurance of the provides? Specifically with respect to general liability, workers compensation and professional liability (where needed). Does the system impose requirements for these?","author_name":"Brett Lipton","votes":1,"created_at":"2019-12-19T20:02:10Z","canonical_url":"https://wefunder.com/skillsoniq#question-72060","answers":[{"id":72061,"entity_id":"wefunder:comment:72061","answer":"Hey Brett - A very pertinent question. At the outset, I\u0026nbsp;must mention that\u0026nbsp;SkillSoniq is totally devoted to leveling the playing field between Freelancers and Full-Time Employees. My answers below:1. Our freelancers are classified as \"1099 contractors\" so they are not provided insurance coverage by SkillSoniq or the client they work for. Having said that, our Terms of Service with clients\u0026nbsp;lays out clearly what a client can and cannot do with a \"1099 contractor.\" We have, however,\u0026nbsp;partnered with Trupo (Trupo.com) to provide affordable insurance benefits to our freelancers where they are offered the option to buy into\u0026nbsp;Individual Critical Illness, Accident, Dental and Vision Insurance plans​\u0026nbsp;in NY and NJ.2. All our freelancers work on \"Contract to hire\" projects, which means that employers get the option to flip them to their payroll as a full-time employee. 30% of our clients flip freelancers to their payroll, after a trial period or when the client believes that the freelancer is performing the work of an \"employee.\" This means that while the freelancers work as a \"freelancer\" during a trial period\u0026nbsp;they have the option to avail our affordable insurance products (costs ~$30/month/insurance plan), and if\u0026nbsp;a client flips them to their payroll, the client then treats them as an \"employee\" and provides relevant insurance coverage to them at discounted rates.3. Our freelancers are classified as what we call \"higher skilled\" and are generally paid in the range of $30 - $250/Hr. SkillSoniq also\u0026nbsp;pays them bonuses everytime we get good feedback ratings on our freelancers. All this to ensure freelancers can afford to buy into individual\u0026nbsp;insurance plans while they freelance.Hope that helps - Keep the questions coming!\u0026nbsp;","author_name":"Abby Verma","votes":0,"created_at":"2019-12-19T20:20:10Z"}]},{"id":226511,"entity_id":"wefunder:comment:226511","question":"Hello Abby, Happy Thanksgiving. I was looking at my Start Engine account and noticed they have my shares listed. I was just wondering if you plan on transferring my Wefunder shares under that account too. Once they finish with their raise?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2022-11-22T19:46:19Z","canonical_url":"https://wefunder.com/skillsoniq#question-226511","answers":[{"id":226771,"entity_id":"wefunder:comment:226771","answer":"Hi Mario - Wish you a happy thanksgiving! Instruments issued by SkillSoniq on Wefunder and on StartEngine are separate and not interchangeable. Hope that helps!","author_name":"Abby Verma","votes":0,"created_at":"2022-11-25T01:02:00Z"}]},{"id":129143,"entity_id":"wefunder:comment:129143","question":"Thanks for your recent email, but I wonder how come all of the updates you stated in your announcement letter about your upcoming second campaign was not shared with investors earlier. Communication is key, and as an investor, I get nervous when I don't receive regular updates.","author_name":"Keith Davis","votes":0,"created_at":"2021-02-08T02:55:46Z","canonical_url":"https://wefunder.com/skillsoniq#question-129143","answers":[]},{"id":123950,"entity_id":"wefunder:comment:123950","question":"Hi Abby.. Any decisions yet when the next round will be live?","author_name":"Alex See","votes":0,"created_at":"2021-01-11T06:59:29Z","canonical_url":"https://wefunder.com/skillsoniq#question-123950","answers":[{"id":124489,"entity_id":"wefunder:comment:124489","answer":"Hey Alex - We expect to launch the next round by end of Jan/early Feb and we will put out an update on a few days before we launch. Thanks!","author_name":"Abby Verma","votes":0,"created_at":"2021-01-14T18:30:40Z"}]},{"id":117993,"entity_id":"wefunder:comment:117993","question":"Hi Abby! It's been a while since your last update. How's it going?","author_name":"Anand Vijay","votes":0,"created_at":"2020-12-08T08:34:05Z","canonical_url":"https://wefunder.com/skillsoniq#question-117993","answers":[{"id":120933,"entity_id":"wefunder:comment:120933","answer":"Great Anand - We posted an update and will post more soon. Just been busy ramping up!","author_name":"Abby Verma","votes":1,"created_at":"2020-12-23T16:26:10Z"}]},{"id":90874,"entity_id":"wefunder:comment:90874","question":"when will be your next funding round?","author_name":"Roshan Joshi","votes":0,"created_at":"2020-05-21T16:41:07Z","canonical_url":"https://wefunder.com/skillsoniq#question-90874","answers":[{"id":120934,"entity_id":"wefunder:comment:120934","answer":"We will be launching a much bigger round in Q1 2021. We will be posted an update for all our investors on the next round very soon :)","author_name":"Abby Verma","votes":0,"created_at":"2020-12-23T16:26:41Z"}]},{"id":90175,"entity_id":"wefunder:comment:90175","question":"Hi Abby,Will international investors be receiving their investments perks as well or is it only for US based investors?","author_name":"Suet Ling Voon","votes":0,"created_at":"2020-05-15T00:10:02Z","canonical_url":"https://wefunder.com/skillsoniq#question-90175","answers":[{"id":90444,"entity_id":"wefunder:comment:90444","answer":"Hey Suet - We are still reconciling the close process with Wefunder and were planning to ship\u0026nbsp;out\u0026nbsp;perks in the next few weeks after close depending on the situation with Covid. While we may not be able to send out hat/hoodie to relevant\u0026nbsp;investors outside the US in the near future,\u0026nbsp;you are still eligible to avail “cash” perks for referring clients to SkillSoniq. I will keep you posted on if things change with international shipment\u0026nbsp;and hope you are keeping safe!","author_name":"Abby Verma","votes":1,"created_at":"2020-05-16T19:02:56Z"}]},{"id":85999,"entity_id":"wefunder:comment:85999","question":"Dear Abby, I am asking you or one of staff to please respond to me today before you stop accepting additional investments. Please see my email below that I sent to you 4 hrs ago. Thank you. Bw","author_name":"Bruce Wade","votes":0,"created_at":"2020-04-14T18:28:09Z","canonical_url":"https://wefunder.com/skillsoniq#question-85999","answers":[{"id":86006,"entity_id":"wefunder:comment:86006","answer":"Hey Bruce - I don't see your email - Can you pls ask your question here or respond to the email I sent to you on brucef.wade@gmail.com..thnx!​","author_name":"Abby Verma","votes":0,"created_at":"2020-04-14T19:44:21Z"}]},{"id":85987,"entity_id":"wefunder:comment:85987","question":"I currently have $100.00 invested based on a pmt I made @ 2 months ago. Since today is the last day to invest for this round, I wanted to make a 2nd pmt. But I need to update my cred card number. Your system currently stipulates if I make another investment, it is going to be charged to my old cred card (end: 5021) How can I give you my new cred card #. IF YOU DON'T PICK UP THIS MESSG UNTIL TOMORROW (OR LATER), PLEASE DON'T PUNISH ME BY TELLING ME YOU CAN'T ACCEPT THIS 2ND INVESTMENT. i just don't see where I can make that update on your website before I make my new pmt. Thank you very much, Bruce Wade brucef.wade@gmail.com 310 836 3338","author_name":"Bruce Wade","votes":0,"created_at":"2020-04-14T15:12:12Z","canonical_url":"https://wefunder.com/skillsoniq#question-85987","answers":[]},{"id":85805,"entity_id":"wefunder:comment:85805","question":"Hi Abby, are you able to share your quarterly income for Q4 2019 and Q1 2020 please ? Thanks, Tony","author_name":"Anthony BROOKING","votes":0,"created_at":"2020-04-12T08:17:26Z","canonical_url":"https://wefunder.com/skillsoniq#question-85805","answers":[{"id":85814,"entity_id":"wefunder:comment:85814","answer":"Hey Tony - Absolutely!\u0026nbsp;Q1 2019:\u0026nbsp;~$65K\u0026nbsp;in Annualized Gross RevenueQ1 2020:\u0026nbsp;~$500K in Annualized Gross RevenueKeep in mind that we launched in the market in\u0026nbsp;2019 and have grown \u0026gt;7x y-o-y since Q1 2019.Reminder:\u0026nbsp;You have 2 more days left to join the Freelance revolution! Let me know if you have more questions.\u0026nbsp;","author_name":"Abby Verma","votes":2,"created_at":"2020-04-12T14:43:44Z"}]},{"id":85531,"entity_id":"wefunder:comment:85531","question":"Hi Abby, if I invest, at what price is the share please ? Thanks, Tony","author_name":"Anthony BROOKING","votes":0,"created_at":"2020-04-10T09:51:14Z","canonical_url":"https://wefunder.com/skillsoniq#question-85531","answers":[{"id":85547,"entity_id":"wefunder:comment:85547","answer":"Hey Tony - Its $1 per unit of “SAFE” which will convert into Preferred Stock in the next Equity Financing round at a Valuation Cap of $5.5M. In other words, when the next equity raise is done at a valuation thats higher than $5.5M, you will make money!\u0026nbsp;Let me know if you have more qns.\u0026nbsp;","author_name":"Abby Verma","votes":0,"created_at":"2020-04-10T12:49:07Z"}]},{"id":85486,"entity_id":"wefunder:comment:85486","question":"I was hoping you could explain this quote from your management discussion section: \"In 8 years, 1 in 2 US workers will freelance!\" just curious how you arrived at this/","author_name":"Joshua Laboonte","votes":0,"created_at":"2020-04-10T01:49:38Z","canonical_url":"https://wefunder.com/skillsoniq#question-85486","answers":[{"id":85495,"entity_id":"wefunder:comment:85495","answer":"Hey Joshua - If you look at the slide above the one you are referring to, it shows a graph where Freelancers are projected to be 50%+ of the overall US workforce by 2027 (Freelancers growing 3x faster than overall workforce). This has been taken from a study conducted by Upwork / Freelancer's Union and is an extrapolation of recent growth rates experienced by freelancing in America (which is going to be MUCH higher now due to COVID-19). You will also find this report (https://www.upwork.com/i/freelancing-in-america/) useful - It states that 57M workers freelanced in some capacity in the US in 2019 (35% of US workforce), contributing $1 Trillion to the GDP (5% of US GDP). Remember that we are using Freelancing as a conduit for companies who want to hire \"Full-time employees\" as they have the option to \"Buy out freelancers after trying them out\" on our app. So we cater to both the freelancing and full-time market. The question for SkillSoniq is: Do we be a part of the future, or resist it. We chose to be a part of the future and to ultimately define it. Let me know if you have more questions :)","author_name":"Abby Verma","votes":0,"created_at":"2020-04-10T02:47:50Z"}]},{"id":84852,"entity_id":"wefunder:comment:84852","question":"Why can't Ontario, Canada residents invest in SkillSoniq?","author_name":"Joaquim (Jo) Fernandes","votes":0,"created_at":"2020-04-03T19:26:07Z","canonical_url":"https://wefunder.com/skillsoniq#question-84852","answers":[{"id":84861,"entity_id":"wefunder:comment:84861","answer":"Hey Jo - Residents of Ontario, Canada can most certainly invest in SkillSoniq! You can simply go to our Wefunder page (www.wefunder.com/skillsoniq) and put in the amount you want to invest, put in your payment details and click Invest. Thats it. Remember - Only 10 days left, so you may have to hurry. Let me know if you face any issues in investing. Thanks and stay safe.","author_name":"Abby Verma","votes":0,"created_at":"2020-04-03T20:57:45Z"}]},{"id":84221,"entity_id":"wefunder:comment:84221","question":"On March 5th, the SEC proposed changes to the JOBS Act, one of them banning SAFE notes. SEC concluded that SAFE Notes are Not So Safe for Crowdfunding and put investors at a disadvantage. I learned about this information after investing in SkillSoniq, and I am wondering how your company plans to comply with SEC proposed changes? As of today, SkillSoniq is raising capital through SAFE.","author_name":"Keith Davis","votes":0,"created_at":"2020-03-29T03:31:48Z","canonical_url":"https://wefunder.com/skillsoniq#question-84221","answers":[{"id":84387,"entity_id":"wefunder:comment:84387","answer":"Hey Keith - Appreciate the question and hope you are keeping safe. SEC proposed a few changes to the JOBS Act in March, and none of it is implemented yet. Experts predict that only a few of these changes may actually be implemented, and that too in Q4 this year, at the earliest. Many believe (including Wefunder CEO) that the change pertaining to SAFEs will not be implemented. In any case, if the change you highlighted were to be implemented in the future (low chance), I believe that it will not impact us since we would have already closed our funding round by then (we are closing in 2 weeks). Wefunder confirmed that they will also prioritize in helping their community if this were to happen. Stay safe!","author_name":"Abby Verma","votes":0,"created_at":"2020-03-30T17:22:01Z"}]},{"id":83727,"entity_id":"wefunder:comment:83727","question":"Hey Abby Verma! Have you made any sales yet? How do you get up to a $5.5 million dollar valuation?","author_name":"Aymeric De Chillaz","votes":0,"created_at":"2020-03-24T14:13:41Z","canonical_url":"https://wefunder.com/skillsoniq#question-83727","answers":[{"id":83871,"entity_id":"wefunder:comment:83871","answer":"Hey Aymeric - I would recommend reading through our \"Story\" on Wefunder which highlights all of the financials in CY 2019. We definitely have sales and have shown 100% Q-o-Q growth in 2019! Many of our clients obsess over our product and use us repeatedly. We hope to grow our topline 10x in 2020! Valuation is a complex subject! All I can say is that it accounts for a multiple on top line and is based on future projections of a company. Do note that we are offering \"Cash back\" to investors, so you can recover your money easily! Would recommend reading through our \"Investor perks\" section - Would encourage you to increase investment before we close out - Stay safe!","author_name":"Abby Verma","votes":0,"created_at":"2020-03-25T22:51:35Z"}]},{"id":82683,"entity_id":"wefunder:comment:82683","question":"How will you deal with Covid 19?","author_name":"Aymeric De Chillaz","votes":0,"created_at":"2020-03-16T14:32:39Z","canonical_url":"https://wefunder.com/skillsoniq#question-82683","answers":[{"id":82693,"entity_id":"wefunder:comment:82693","answer":"Hey Aymeric - Good question and its unfortunate with whats happening right now. I will answer this question in 2 parts: 1. We have encouraged all our existing clients to have their freelancers work remotely, in line with directives from the government. 2. In the future, if COVID-19 causes a recession, we believe our business model will emerge victorious as most companies will want to cut down on full-time employees without compromising on the quality of work. This is where our ability to provide skilled, flexible freelancers to companies within 5 days will be in great demand. Hope that answers your question, and stay safe!","author_name":"Abby Verma","votes":1,"created_at":"2020-03-16T15:59:48Z"}]},{"id":82418,"entity_id":"wefunder:comment:82418","question":"Do you believe that the corona virus will harm your company?","author_name":"Aymeric De Chillaz","votes":0,"created_at":"2020-03-13T19:34:43Z","canonical_url":"https://wefunder.com/skillsoniq#question-82418","answers":[{"id":82424,"entity_id":"wefunder:comment:82424","answer":"Hey Aymeric - Great qn!\u0026nbsp;Our sense is that if\u0026nbsp;the corona virus triggers a recession (which is the worst case scenario),\u0026nbsp;we are well positioned for that as companies will want to cut headcount and work with\u0026nbsp;specialized flexible talent\u0026nbsp;as opposed to spending 40+ days trying to hire a full time employee (only to find that the employee is not a good fit).\u0026nbsp;Our business does very\u0026nbsp;well when the economy is in a recession and we also do well when the economy does well (As companies use\u0026nbsp;SkillSoniq to “try” out talent before signing them up full time).Hence, we are believe we are hedged both ways. On a separate note, we are 20 days away from close, so would urge you to consider increasing your investment (or invest if you havent done so!) :)","author_name":"Abby Verma","votes":1,"created_at":"2020-03-13T20:24:29Z"}]},{"id":81005,"entity_id":"wefunder:comment:81005","question":"If we invest as littlle as 100 or 200 dollars how much are we entitled to get in the future if your company goes public","author_name":"Emmanuel Akubo","votes":0,"created_at":"2020-03-02T19:05:26Z","canonical_url":"https://wefunder.com/skillsoniq#question-81005","answers":[{"id":81200,"entity_id":"wefunder:comment:81200","answer":"Hey Emmanuel - You get 1 unit of SAFE for every dollar you invest, and when we do an institutional round, your SAFE will convert to preferred stock at a $5.5M Valuation Cap. As to how much your stock will be priced at when/if we go public, only time will tell :) Wish I could give a more specific answer, but at this time, I cannot predict how much your stock will be priced at in the public markets.","author_name":"Abby Verma","votes":0,"created_at":"2020-03-03T23:55:51Z"}]},{"id":80976,"entity_id":"wefunder:comment:80976","question":"DO NOT INVEST through Wefunder. They presented fraudulent information for a Company I invested in (ThisIsGround), failed to hold up the agreement (defaulted on a revenue loan) and then have provided no response to demand of tax information given that the Company has gone bankrupt. This has been going on for months on end. DO NOT INVEST THROUGH WEFUNDER","author_name":"Christopher Jacob","votes":0,"created_at":"2020-03-02T16:30:45Z","canonical_url":"https://wefunder.com/skillsoniq#question-80976","answers":[]},{"id":80421,"entity_id":"wefunder:comment:80421","question":"In your latest update, you mentioned that \"Angel Investor invested in SkillSoniq!\". Is this investment is outside \"Wefunder\"?","author_name":"Raja Mallepeddi","votes":0,"created_at":"2020-02-27T22:26:40Z","canonical_url":"https://wefunder.com/skillsoniq#question-80421","answers":[{"id":80433,"entity_id":"wefunder:comment:80433","answer":"Hey Raja - He invested in SkillSoniq on Wefunder.","author_name":"Abby Verma","votes":0,"created_at":"2020-02-28T01:05:57Z"}]},{"id":79878,"entity_id":"wefunder:comment:79878","question":"This is a really good answer and a really good platform, will make sure more of my friends invest.Thanks","author_name":"Emmanuel Akubo","votes":0,"created_at":"2020-02-24T17:35:07Z","canonical_url":"https://wefunder.com/skillsoniq#question-79878","answers":[{"id":79882,"entity_id":"wefunder:comment:79882","answer":"Yes absolutely!\u0026nbsp;We only have a few more weeks left, so the more the better!\u0026nbsp;","author_name":"Abby Verma","votes":0,"created_at":"2020-02-24T18:04:36Z"}]}],"faq":[{"question":"\u0010From my own experience. with Job hunting. given In not in a major city. If you don't have the right contacts job hunter. Can be burdensome. Additional from a company's view point hiring is a extremely cumbersome issue. And as an employee. it takes , days, weeks. even months. ...","answer":"Hey Michael - Thanks for your interest in SkillSoniq and a great question! When you hire a freelancer on SkillSoniq, SkillSoniq invoices you every Monday based on hours worked by the freelancer. An invoice credit will be exactly that - A credit from your first weekly\u0026nbsp;invoice for that freelancer. So if you hire John Smith to do graphic design and lets say your first week’s invoice is $500. We will invoice you for $450 in the first week (Your\u0026nbsp;Invoice credit will ofcourse depend on the..."},{"question":"I want to understand how the \"$50 invoice credit\" works?","answer":"Hey Dawn! A $50 invoice credit will be a credit from your first weekly invoice for all freelancers you hire on SkillSoniq for your company. So if you hire John Smith to do graphic design and lets say your first week’s invoice is $500. We will invoice you for $450 in the first week (Your Invoice credit will ofcourse depend on the size of your investment). This invoice credit will apply as a one time credit on that first weekly invoice for as many freelancers are you hire. Keep in mind that we ..."},{"question":"Also, your language switched from \"when they hire a freelancer\" to \"when YOU hire a freelancer\" in your response to Michael Lunsford","answer":"Hey Dawn - In my response to Michael Lunsford below, I mentioned the below - The invoice credit gets applied when the investor hires a freelancer on SkillSoniq: \"Hey Michael - Thanks for your interest in SkillSoniq and a great question! When you hire a freelancer on SkillSoniq, SkillSoniq invoices you every Monday based on hours worked by the freelancer. An invoice credit will be exactly that - A credit from your first weekly invoice for that freelancer. So if you hire John Smith to do graphi..."},{"question":"I am not a business owner who would use freelancers...I am strictly an investor.","answer":"Okay - In your case it would not apply directly. However, many of our investors have referred their friends who have hired through SkillSoniq, to avail the invoice credit - You can make money that way as well. So if a friend of yours hires through SkillSoniq, you can get that invoice credit directly in your bank account. Hope that helps!"},{"question":"Hello Mr. Verma, As it was previously mentioned, could you put an update on how well the company is doing currently? I am especially interested on gross revenue and freelancer payments. On another topic, can I invest now, during the 'Friends invest First'? Or only when it is t...","answer":"Hey Miguel - Thanks for your interest in SkillSoniq!\u0026nbsp;You can definitely invest now and we\u0026nbsp;would encourage you to invest now\u0026nbsp;as you will avail early bird discount (you will get a\u0026nbsp;Valuation cap of $5M as opposed to $5.5M).You can read up on our traction in 2019 in the “Story” section of our Wefunder profile. We have details on all the key\u0026nbsp;metrics in\u0026nbsp;there. In short, we have a run rate of roughly $50k/month in gross revenues and have earned $350k in revenue so far i..."}]}}}