Hello campaign followers and investors!
If you've invested once - thank you! If you've invested MORE THAN once - WOW! If you haven't invested yet, please keep reading.
I sat down with a prospective investor the other day. We talked about differentiators. About timing and traction.
Stuff you obsess about if you're in the start-up world. Start-ups, we live and die by those words.
It’s not good enough to have a great product or service. You have to continue to show upward momentum. HireJoe has to keep new projects coming in. We have to keep investors coming in.
And we have to continue to do this with NO budget! Sounds insane right? Welcome to the world of start-ups : )
So this would-be investor asked how we were different? I answered:
HireJoe is the FIRST, 100% remote-estimated focused and direct to contractor platform on the market today! This is beyond any end-to-end solution currently in the market.
Why does this matter?
Because technology is becoming faster, cheaper and integrated everywhere. Because it’s silly that we still have to ask our friends or neighbors or pay annual fees to find local, trust-worthy and fair-priced handymen and home pros. And because SOON our homes will be calling home pros for us!
Soon, when your fridge stops working or gas fireplace is out of gas, a sensor will alert software that reports the issue to a platform of techs. Each tech able to respond directly through the software with a very reliable estimate.
So that before you even KNOW there is a problem, you will have your favorite techs standing-by with estimates for you to review and choose.
You won’t have to rely on one tech, in case he gets sick or shuts down his business, or one company that can bill you whatever they want!
You’ll have at your fingertips, like you do RIGHT NOW with HIREJOE, a platform of independent home pros - all skills and background vetted - ready to provide estimates based on an error code, like we will one day soon, or based on your photos and description through our app RIGHT NOW!
Each handyman in HireJoe is provided with the same rates to bill based on job type. So you know every estimate is coming from the same playing field.
You also know that every tech in HireJoe is rated by customers of HireJoe. Not the competition. No fakes.
It’s about time there was a real option for finding and hiring handymen to take care of broken things in your home. It’s about time it was fair priced. It’s about time the quality and reliability were guaranteed.
NOW IT IS.
I had the attention of our would-be investor. He was leaning forward. He continued with another question,
So, what's my possible ROI in this venture? What are companies like yours being acquired for in this space?
I was so glad he asked. He knew his stuff. And I considered telling him what we thought we would be worth and when. But decided to just share what's what in the industry now. And what kind of response HireJoe is now seeing from existing users.
Home Advisor parent company IAC acquired a majority stake in mHelp Desk two years ago. They're the "project management tool" part of HireJoe without the community part. As a home pro, you have to pay to use - even if you're not using it! Check them out. It’s pretty crazy.
Btw, Home Advisor is based out of Golden (I know some key people there) and IAC is still in acquisition mode - they bought out Angie’s list this year for more than $.5b.
As far as what HireJoe is doing NOW, I told him what I already shared with you in our last update.
Since we released our open beta in mid-October through our small network here in Denver, we’ve seen 50% repeat user rate. In other words, 1 out of every 2 customers that completed projects CAME BACK and started another project!
Finally, he asked, how do I invest?
So I told him about StartEngine. That it is our early-stage funding round, meaning our valuation will probably not be this low again - ever. And if he wants to get-in at $1 per share, THIS would be the time!
I then asked him if he knew what 1,000 pre-IPO shares of Uber were worth after it’s IPO? Think somewhere along the lines of 2,000X their initial investment (https://www.cnbc.com/2014/06/06/uber-makes-early-investors-rich.html)
Could we be the next UBER Repairs?
I asked him if he knew what 1,000 pre-IPO shares of AirBnB are worth now? Are we an AirBnB? For home services, you bet! Each handyman is his own “property” that is rated by real customers and are part of an open and transparent community.
I STOPPED there.
He got it.
Are there risks. Of course. Were there risks for any industry-changing platform and tech. You bet.
So you go with your instincts. You look at current results. And you look at the team.
This isn't my first rodeo. I sold my first tech start-up GoStayPlay back in 2011. And Paul has actually recently written a book called Start-up Confidential (https://www.startupconfident.com/) and tours the world offering keynotes and seminars on getting companies from start-up to start-ing. He know his stuff!
Soooo... if you feel inspired to INVEST again in HireJoe - you won't see a better time or opportunity than NOW!
And if you haven't invested YET - guess what our would-be investor did? Yeah - he did.
Hope to have you join us TODAY. Our campaign will be over before you know it! And that'll be it.
Click on the invest link NOW. Takes just minutes.