QuiGig is a marketplace
platform that helps everyone offer or hire for services. It is an
all-in-one tool to build a website, get warm leads, manage clients and
jobs, hire and manage a team, all simply using a smartphone app. We
also provide users with personalized data insights and educational
opportunities.
Despite the massive growth and activity, the gig economy is broken. Estimates show that there are 57 million Americans working under gig economy (Forbes article by McCue). According to Intuit, between 2016 and 2020, US gig economy workforce increases by 7% of total workforce, when you blow this out globally, the gig economy is worth estimated at $3.7 Trillion (SIA). However, the workforce has little respect, support, and stability, which is why most if not all platforms have a problem of workforce loyalty.
The Tech Tsunami is already here, yet many freelancers and small service companies have little technical expertise to manage their digital marketing, communication management, short and long-term financial and business planning, market research, online training, online payment, and other business needs. To our knowledge, current service marketplace platforms only offer them a marketing solution, but Service providers need much more than what established platforms offer them and they need it at an affordable cost. Gig economy workforce needs more customized tools and deserves more benefits from today's cutting-edge technology when current platforms are mostly focused to serve the employers.
Technology is overwhelmingly increasing the competition for individual service providers through globalization and automation when it can empower them to be more successful. Finding new clients through digital marketing, using data-driven market insights for business planning, simple access to online training materials, communication with clients and team members, hiring other providers to build project teams, online payment management, all centralized through a smartphone app can be an all-in-one solution for people that otherwise need to constantly move from one tool to another, pay multiple fees, and struggle to manage their busy lives yet wonder if they can sustain their small or single-person business. A SaaS model solution that provides all marketing, operation, financial, and business planning tools, in a single end-to-end web and mobile app allows service providers to live a much smoother and rewarding gig economy life.
We aren’t just creating another gig economy platform, we are creating a solution for the service economy that brings peace of mind to the small business owners, local service providers, and freelancers, who otherwise struggle to manage their operation, marketing, financials, and business planning. We know that the average freelancer and service provider needs cost-effective SEO marketing, the support of cutting-edge technologies like AI and machine learning to match with the right client, and easily run a small business when all the data and tools that they need is available and handy, but we also know such a solution needs to be cost-effective and rewarding. QuiGig's tokenized platform allows users buy the QuiGig token, Quig, through one of our subscription plans and use it on the platform to post gigs and bids, as well as use our simple financial, team, and client management tools. We provide them with warm leads, customized data insights, customized training materials, and ways to accumulate long-term benefits through token rewards. QuiGig is a technology infrastructure that will use smart SEO, data analytics, blockchain technology for the short and long-term success of service providers who aren't tech nerds and don't need to understand these technologies to benefit from them. We believe that is almost everyone in the service market!
The most exciting part of QuiGig is that we will use blockchain and a decentralized operation model to allow platform users to contribute to the platform and receive in return short and long-term rewards. They can produce and share relevant SEO and training content, offer customer service support, platform software development, referrals, and other services to the platform and its users and receive token rewards in return. The accumulation of rewards for users creates more loyalty of users to the platform and offers them new ways to build long-term savings.
The QuiGig platform consists of the online QuiGig digital hub and the QuiGig app (now available on Android and iOS) and various tools for running a one-person business. They will be able to see real-time market insights, personalized recommendations, quickly find new clients, hire other providers when they need them, chat and communicate with them, send an invoice, get paid, pay, receive tax documents, and more.
QuiGig is a also simple yet advanced solution for employers who need to hire a service provider quickly, with minimal hassle. We will use AI to match hirees with employers and incentivize quick engagement of providers with each inquiry by Quig rewards. That means QuiGig employer users benefit from our bidding tool by receiving quick responses and being able to connect to multiple local or remote service providers when they need them. The employers may just find QuiGig pages on the web, or they may use our app to hire providers on the go. They may find us when searching for some keyword or they may be introduced by our provider users who like to manage their relationship with them on the platform. The QuiGig Choice brand is a data-driven tag only offered to low-risk service provides as indicated by data. They will also see if the providers are certified and screened using the special tags associated with those credentials after we verify their such statuses. The verification process also can be completed by platform verified users who receive rewards in return to their contribution.
QuiGig is a breath of fresh air for both sides of the gig economy. We are actively designing tools to create the most valuable professional connection platform on the web - making us a one-stop for service providers and customers alike.
We have launched our MVP, including the web, iOS, and Android (native) apps. The current product allows subscribing to the website, buying Quigs, posting gigs, posting bids, chat between users, hiring, paying, completing, and rating, the two parties. We also have enabled "Certified", "Screened", and "QuiGig Choice" tag options for service provided. We have pre-launched our SEO engine and have developed a roadmap to expand our SEO in various service lines and cities. Our Blockchain technology has not yet been developed. We are currently using a centralized database for token management and operations but we have identified the blockchain technology that we will use and are about to integrate our system with an existing private blockchain network. Our goal is to also use blockchain beyond token management, which is part of our technology roadmap for 2019 (more details can't be disclosed at this time).
Convertible Promissory Notes
Note converts to Common Shares when the company raises $2,000,000 in a qualified equity financing.
Maturity Date:
$3,500,000 Valuation Cap
20% Discount Rate
7% Annual Interest Rate*
*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below
We are offering a convertible note opportunity to investors, which will convert to Common Shares by Jan 31, 2021, or if the company raises $2m, with other terms as stated under campaign offering details. As an early stage startup, QuiGig's valuation mostly is based on industry and the market size, the team, company assets and development stage, and our revenue projections. QuiGig is a tech company offering a SaaS solution to a very large market using very scalable technologies, with our MVP (website, iOS and Android native apps) currently published and live. We have a great team where every key team member has several years (4 to 15) of successful relevant experience. We have over 2,200 users an have started to generate revenue. Considering all these factors and that we are raising a convertible note, we consider a pre-valuation cap of $3,500,000 to be fair. We have not undertaken any efforts to obtain an independent third-party valuation of the Company. In this sense, the valuation of the Common Shares is arbitrary and merely reflects the opinion of the Company as to the value of the Common Shares.
What is a Convertible Note?
A convertible note offers you the right to receive Common Shares in the Company. The number of units you will receive in the future will be determined at the next equity round in which the Company raises at least $2,000,000 in qualified equity financing. The highest conversion price per security is set based on a $3,500,000 Valuation Cap or if less, then you will receive a 20% discount on the price the new investors are purchasing. You also receive 7% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Common Shares equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding shares of the Company as of immediately prior (on a fully diluted basis), subject to discount rate, if applicable.
For details on the bonus, please see the Offering Summary below.
I had the opportunity to interview with over 2,000 Uber drivers during my time in a B2B startup platform for local delivery service. I quickly noticed that most of them have something in common: they had other skills that surpassed commercial driving pay, but they were stuck to driving because they didn’t know how to market their skills and find clients in their own areas of talent. That’s when I asked: why is that? Popular driving apps like Uber and Lyft have become popular in part because there weren’t established solutions for people to provide that same style of work in other service lines. I found Thumbtack, Fiverr, and others, but quickly realized they are not cutting it for the average service provider or client, who are not tech-nerds and just need a simple and cost-effective way to quickly find gigs. The current platforms don’t offer the average gig economy users a quick, simple, affordable, and sustainable way to hire or find work. Then I asked myself:
“What will buying or selling services look like in ten years? And why not today?”
Emad Mousavi, Ph.D.
Founder and CEO
Over 2000 users signed up
Over $40,000 in revenue since May 2018
Web App launched and fully working
iOS and Android mobile apps available to download
Partnerships with IBM to increase technical development
A patent is pending on our unique SEO content development process
(the patent application was filed in the name of Miremad Mousavi, the founder of QuiGig, but he has committed to transfer the patent to the company by January 2020)
The following graphs are autogenerated from real data of the platform. All dates refer to 2018 and numbers are accumulated from the beginning of the year.
QuiGig is a platform designed to fix the problems of the gig economy. We plan to do that by strategically implementing cutting-edge blockchain and machine learning and SEO technology to bring direct value to all users. First and foremost, we have built a no-frills connection tool between freelancers and customers that saves both parties time.
On the horizon, we will be implementing tech that transforms our platform from just a connection tool to a digital hub for freelance professionals and service providers. We are building features and unique processes into our platform that will make QuiGig a one-stop destination for providers where they will be able to get help, see market insights, get paid, and more.
We plan to use blockchain technology as an incentivization mechanism for user contributions to the platform. This will include marketing (referrals), content creation, customer service, code development, and all the other contributions such that the platform can operate and grow using its own circular economy. We are currently using a centralized database for token management and operations but we have identified the blockchain technology that we will use and are about to integrate our system with an existing private blockchain network. Our goal is to also use blockchain beyond token management, which is part of our technology roadmap for 2019 (more details can't be disclosed at this time). This includes also our unique solution for a decentralized dispute management system. In other words, we will use the blockchain technology not only for token management but also to operate a decentralized marketplace where users run the platform.
Today, service providers who choose to work independently of a professional institution are forgoing savings and security when they lose access to their yearly salaries and 401k’s. We plan to institute multiple avenues for our users to regain their long-term saving and earning potential, primarily using blockchain technology. QuiGig users will be able to use their experience learned to provide content, customer support to other users and market the platform through their personalized referral links and gain a monetary bonus directly from us.
In addition to creating proprietary platform features, we plan to integrate our platform with other platforms and create partnerships that will both benefit the platform and its users. Our platform is already seamlessly integrated with Stripe and Coinbase, offering our users the ability to buy our token, Quigs, with a credit card or a cryptocurrency. We are working to integrate with more platforms that will allow us to grow faster and benefits better our users.
To facilitate professional team building, we are planning to offer a tool to add and manage team members and clients. In addition to our quick connection tool, we will be creating a simple process for members of QuiGig to share information, make connections, and hire each other. QuiGig will be a professional hub for all types of service providers, growing the gig economy through the exchange of information and services.
Today, service providers are left in the dark and unable to make data-driven decisions about their business. Through internal data analysis and onsite machine learning implementation, QuiGig will feed the hunger for financial growth. We plan to offer a fully functioning, real-time data suite specifically built to answer the most relevant gig economy questions.
The freelancing market is estimated at around $3.7 trillion globally (SIA). Currently, there are more than 57 million freelancers in the U.S. alone (Forbes), comprising of 34% of the overall workforce. By 2020, we could see the overall amount of freelancers rise to 43% of the overall workforce of the United States. (Intuit CEO Brad Smith, 2017)
Despite the current size and projected growth, the market is yet to offer them an end-to-end solution. QuiGig provides the gig economy workforce and employers a dashboard to successfully run their business. The bottom line is this, the gig economy is growing quickly, but the tools that freelancers and service providers use do not meet their needs. It's about time that technology provides them with a solution so they can live a less stressful and overwhelming professional life, as technology can offer them.
Everybody who works on the current team was an entrepreneur before joining QuiGig. We all intimately understand the grit and ingenuity that it takes to live the freelancer lifestyle, but also know all of the hurdles in place for those who are interested. We are in a unique position to appeal to freelancers using their language and solve their problems - because we have them too. Plus, we have a strong knowledge base of cutting-edge technology that can bring new opportunities to millions if not billions of service providers.
We have our technology and our team in place, so now it is time to tell the world and inspire and elevate the freelance community. We want to build the Gig Economy the Right Way. Invest in QuiGig today!
We strongly believe that the thriving state of the gig economy - combined with the proprietary methods by which we generate leads, secure bids and will provide everyone with a one-stop solution to build a freelancing or a local service career - makes QuiGig an outstanding prospect, especially considering that our product is ready and our cost is primarily for marketing an attractive SaaS solution with current users and generated revenue.
Starting a business, even a one-person shop, comes with financial risk. But does “the system”—government, banks, healthcare companies and other institutions—add to the hazards, by making life unduly hard for the self-employed?
By some estimates, half of the American workforce will be working in the freelance gig economy by 2020. QuiGig is a new start up that’s bridging the gap more established freelance job sites have left open with a streamlined process that includes a feature to ensure non-discriminatory practices.
QuiGig, the decentralized, community-driven freelancer marketplace, is now available as a mobile app, providing freelancers and employers with one-click access to all the functionality of the web-based QuiGig site with added convenience and a personalized experience.
A good interview by Bruce Haring with Dr. Emad Mousavi, the founder, and CEO of QuiGig, about the future of gig economy, QuiGig, and the way blockchain is used to benefit its users.
Company | : | QuiGig, Inc. |
Corporate Address | : | 7505 Fannin St Suite 440, Houston, TX 77054 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $107,000.00 |
Minimum Investment Amount(per investor) | : | $150.00 |
Offering Type | : | Convertible Promissory Notes |
Type of Equity Converted Into | : | Common Shares |
Conversion Trigger | : | $2,000,000.00 |
Maturity Date | : | January 31, 2020 |
Valuation Cap | : | $3,500,000.00 |
Discount Rate | : | 20.0% |
Annual Interest Rate* | : | 7.0% |
*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below
What is a Convertible Note?
A convertible note offers you the right to receive Common Shares in QuiGig, Inc.. The amount of Common Shares you will receive in the future will be determined at the next equity round in which the Company raises at least $2,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $3,500,000.00 Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying. You also receive 7.0% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Common Shares equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
The 10% Bonus for StartEngine Shareholders
QuiGig, Inc. will offer 10% additional bonus shares for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date. For example, if invest in the first 24 hours, your annual interest rate will be 7.7% instead of 7%.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Hi Everyone!
We are excited to announce the Early Bird Signup of the QuiGig upgraded app, to be released by March 15, 2019.
Please visit the new tool promotion page at quickgig.com to learn more about the product.
We welcome any feedback from our investor community as well as any support to promote this unique product.
Thank you,
The QuiGig Team
Hi Everyone,
Our last Q&A session was a huge success! We had some very interesting discussions about growth, defensibility and data - and got some new eyes on the project in the meantime. Since that Q&A, we have had thousands more dollars come through! Again, we have a Google Form for you to submit your questions!
Follow the link here to submit your questions: https://goo.gl/forms/46XHEVNf67N72dKZ2
Investors, this is your chance to learn more about the company that you have put your faith in, and get others on board!
Followers, ask some questions and get some clarification - before investing in the platform!
The Q&A will air at 12:00 PM (noon) CST this Friday. The entire VOD will be posted on YouTube on Saturday, Feb. 2!
You may visit our Facebook page for more info! We have both posted about it and created an event there.
Thank you!
It may not be a major update to you, but updating our admin panel in the backend is a big deal!
Why? Because it means we can analyze user activity in greater detail. Access to - and more importantly, analysis of - data and trends informs all of our decisions; from product development to marketing. If you check out our latest Q&A, uploaded in its entirety on our YouTube channel, you will see how seriously we take this stuff.
What does this mean for you, the investor of this project? it means that we can more accurately make financial and growth projections, and more wisely spend the money to get to the next step. It also means that our vision of creating the gig economy platform of the future will come to fruition faster and faster.
How long have you been following the QuiGig journey? We have been talking about the importance of data and how it can impact people's professional lives from the very beginning. Here is an article passionately penned by Emad Mousavi, our CEO.
Hi Everyone,
We have some exciting news that will change the way that you operate in the gig economy!
We are offering a 6-month QuiGig Premium Subscription to everyone that invests on StartEngine. This is a $174 value, but if used in full, could lead to a much more profitable return.
We designed our Premium Subscription to help full-time service providers get more out of their time on a marketplace platform. With this plan, you will have an easier time establishing themselves in the market with access to more locations and more services. You will also have 25% discount on all transaction fees and cheaper rates to bolster your professional.
By granting our users more features at a cheaper price than our competitors, we are bringing a much needed breath of fresh air to the gig economy, and putting the power in the hands of the service providers.
Share this with your friends or family that you know are overwhelmed by the monetary and time commitment of the full-time freelancer lifestyle. Let them know that this is an offer that they shouldn't be passing up!
Thank you!
QuiGig Team
Hi Everyone,
As posted on our Facebook page, please know that we will have a Q/A session with the founder and CEO Emad, tomorrow Friday Jan 18 12pm CST on our Facebook page. Please post any questions here y'all!
https://goo.gl/forms/46XHEVNf67N72dKZ2
You may visit our Facebook page for more info!
Thank you!
QuiGig Team
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