SlideShare a Scribd company logo
1
collegelabor.org
2
What we do...
College Labor is a marketplace that connects local college
students with people seeking help with tasks and odd jobs.
3
Business generated
$238,000
Jobs created
1,570
Built a network of
560 student helpers from 70 schools
Since Launch…
…all with NO outside funding
4
How it Works
Post a Job
Tell us about the type of help you need, and we’ll post your job on our dashboard for our Student
Helpers to review.
Receive Job Bids
You’ll receive bids from the students. Each bid is organized on your private College Labor dashboard,
and you’ll be able to review the student’s profile along with their history, rating and more.
Pay a Small Deposit
Once you receive a bid that you are happy with, you pay a small deposit. This deposit is part of the total
job cost.
Your Job is Completed
The student (or team of students) completes the job to your total satisfaction. Guaranteed or your
money back!
You Pay the Student
Once you are happy with a job well done, we ask that you pay the balance due directly to the student.
5
Proven Revenue Model
Connection Fee
● We charge an additional 20% on top of the students’ bid. This is
charged as a down payment to accept the student bid and secure the job.
● Over 1,500 transactions made since launch.
Other Opportunities
● Duplicate College Labor in other major US markets
● Permanent job placement services.
● Premium monthly subscription on student side.
● Equipment rental for jobs.
6
Growth
YEAR 2012 2013 2014
Student Earnings $8,500 $74,800 $109,000
Sales $1,200 $11,700 $18,300
% of Earnings 14.1% 15.7% 16.8%
Jobs Created 75 499 696
Jobs Submitted 150 1,318 2,091
Average Job Value $113.76 $149.89 $156.57
Average Sales per job $16.04 $23.50 $26.31
Customer Base 436 1,755 3,964
Student Base 48 162 436
7
Market
The Gig Economy is Exploding
● The gig / task market is estimated to be upwards of $700M in the SF Bay Area alone.
● Report from Intuit suggests that 40% of the workforce will be freelance or gig workers
by 2020.
Students Can’t Find Work and the Cost of College is Skyrocketing
● According to the Institute for College Access & Success, 71% of the 20 million college
students in the United States seek work while in school.
● According to the Atlantic, 1.5 million or 53.6% of recent college graduates last year
were jobless or underemployed.
8
College Labor Solution
Customers
● Prescreened college students offer added trust
● Model allows for more affordable service
● Easy to use platform saves time on searching for the right candidate
● Saves money on costs associated with traditional temporary staffing
companies
Students
● Average wage for students working on College Labor is $24 / hour
● Students can work around class schedule or job interviews
9
Competition
TaskRabbit Handy Bellhops Sweeps Agent Anything College Labor
For Students/Helpers:
✓ Helpers pick their
wage
For Students/Helpers:
✗ Helpers do not get to
pick their wage
For Students:
✗ Pay is only $15 per
hour
✗ Students do not get
to pick their pay
For Students:
✗ Students do not get
to pick their wage
For Students:
✗ Students do not
always get to pick their
pay
✗ Sometimes pay is
less than $12 per hour
For Students:
✓ Pay is over $24 an
hour on average
✓ Students pick their
wage
For Customers:
✗ Don’t get to choose
their helpers
✗ No option for a team
of helpers
✓ Offers many different
services
For Customers:
✗ Cost is set by
company
✓ Option for a team of
helpers
✓ Offers many different
services
For Customers:
✗ Cost is $40 per hour
per student
✗ Don’t get to choose
their students)
✗ Only offers moving
✓ Option for a team of
helpers
For Customers:
✗ Don’t get to choose
their students)
✗ Cost is $35 per hour
per student!
✓ Offers many different
services
✓ Option for a team of
helpers
For Customers:
✓ Offers many different
services
✓ Customers get to
choose student
✓ Cost effective
✗ No option for a team
of helpers
For Customers:
✓ Cost effective
✓ Offers many different
services
✓ Customers get to
choose student
✓ Option for a team of
helpers
Legal implications:
✓ Helpers are
considered website
users
Legal implications:
✗ Legally helper would
be classified as
employee
Legal implications:
✗ Legally student would
be classified as
employee
Legal implications:
✗ Legally student would
be classified as
employee
Legal implications:
✓ Helpers are
considered website
users
Legal implications:
✓ Helpers are
considered website
users
10
Competitive Advantage
● Appeal of college student workforce
o Inherent level of trust
o Expectation of intelligence
o Not taboo or uncomfortable to request student to do menial tasks
● Team dynamic
o Allows College Labor to service larger jobs
o Ease of use for customer - interaction with one ‘team leader’
o Ideal for businesses who need larger groups
● More affordable than traditional service companies
● Anything you need done - we are not specialized
● Student bid system
o No employee legal implications
o Students set price resulting in better service offered
11
Roadmap
12
Team
Justin Ohanessian, Founder
Previously Product Marketing Manager at TalkFree, Marketing Analyst at Laborfair
University of San Francisco - Bachelor of Science (BS), Business Administration
Joseph Toboni, Founder
Previously Sales Director at Bureau van Dijk, Junior Analyst at Rutberg and Company
Lewis and Clark College - Bachelor of Arts, Political Science
Justin Williams, Developer
Owner of Bamboodev
Advisors
Brett Bonthron - Director, Strategy at Monitor Deloitte Consulting
Law Firm
Long & Levit LLP
Tackett Mull Nicolai LLP
13
Seeking $500K in funding to:
Develop
Mobile App
Grow
$1.876M in sales by end of year 2
Projected compound growth rate of next 5 years is 100% a year
The Ask

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College Labor Deck

  • 2. 2 What we do... College Labor is a marketplace that connects local college students with people seeking help with tasks and odd jobs.
  • 3. 3 Business generated $238,000 Jobs created 1,570 Built a network of 560 student helpers from 70 schools Since Launch… …all with NO outside funding
  • 4. 4 How it Works Post a Job Tell us about the type of help you need, and we’ll post your job on our dashboard for our Student Helpers to review. Receive Job Bids You’ll receive bids from the students. Each bid is organized on your private College Labor dashboard, and you’ll be able to review the student’s profile along with their history, rating and more. Pay a Small Deposit Once you receive a bid that you are happy with, you pay a small deposit. This deposit is part of the total job cost. Your Job is Completed The student (or team of students) completes the job to your total satisfaction. Guaranteed or your money back! You Pay the Student Once you are happy with a job well done, we ask that you pay the balance due directly to the student.
  • 5. 5 Proven Revenue Model Connection Fee ● We charge an additional 20% on top of the students’ bid. This is charged as a down payment to accept the student bid and secure the job. ● Over 1,500 transactions made since launch. Other Opportunities ● Duplicate College Labor in other major US markets ● Permanent job placement services. ● Premium monthly subscription on student side. ● Equipment rental for jobs.
  • 6. 6 Growth YEAR 2012 2013 2014 Student Earnings $8,500 $74,800 $109,000 Sales $1,200 $11,700 $18,300 % of Earnings 14.1% 15.7% 16.8% Jobs Created 75 499 696 Jobs Submitted 150 1,318 2,091 Average Job Value $113.76 $149.89 $156.57 Average Sales per job $16.04 $23.50 $26.31 Customer Base 436 1,755 3,964 Student Base 48 162 436
  • 7. 7 Market The Gig Economy is Exploding ● The gig / task market is estimated to be upwards of $700M in the SF Bay Area alone. ● Report from Intuit suggests that 40% of the workforce will be freelance or gig workers by 2020. Students Can’t Find Work and the Cost of College is Skyrocketing ● According to the Institute for College Access & Success, 71% of the 20 million college students in the United States seek work while in school. ● According to the Atlantic, 1.5 million or 53.6% of recent college graduates last year were jobless or underemployed.
  • 8. 8 College Labor Solution Customers ● Prescreened college students offer added trust ● Model allows for more affordable service ● Easy to use platform saves time on searching for the right candidate ● Saves money on costs associated with traditional temporary staffing companies Students ● Average wage for students working on College Labor is $24 / hour ● Students can work around class schedule or job interviews
  • 9. 9 Competition TaskRabbit Handy Bellhops Sweeps Agent Anything College Labor For Students/Helpers: ✓ Helpers pick their wage For Students/Helpers: ✗ Helpers do not get to pick their wage For Students: ✗ Pay is only $15 per hour ✗ Students do not get to pick their pay For Students: ✗ Students do not get to pick their wage For Students: ✗ Students do not always get to pick their pay ✗ Sometimes pay is less than $12 per hour For Students: ✓ Pay is over $24 an hour on average ✓ Students pick their wage For Customers: ✗ Don’t get to choose their helpers ✗ No option for a team of helpers ✓ Offers many different services For Customers: ✗ Cost is set by company ✓ Option for a team of helpers ✓ Offers many different services For Customers: ✗ Cost is $40 per hour per student ✗ Don’t get to choose their students) ✗ Only offers moving ✓ Option for a team of helpers For Customers: ✗ Don’t get to choose their students) ✗ Cost is $35 per hour per student! ✓ Offers many different services ✓ Option for a team of helpers For Customers: ✓ Offers many different services ✓ Customers get to choose student ✓ Cost effective ✗ No option for a team of helpers For Customers: ✓ Cost effective ✓ Offers many different services ✓ Customers get to choose student ✓ Option for a team of helpers Legal implications: ✓ Helpers are considered website users Legal implications: ✗ Legally helper would be classified as employee Legal implications: ✗ Legally student would be classified as employee Legal implications: ✗ Legally student would be classified as employee Legal implications: ✓ Helpers are considered website users Legal implications: ✓ Helpers are considered website users
  • 10. 10 Competitive Advantage ● Appeal of college student workforce o Inherent level of trust o Expectation of intelligence o Not taboo or uncomfortable to request student to do menial tasks ● Team dynamic o Allows College Labor to service larger jobs o Ease of use for customer - interaction with one ‘team leader’ o Ideal for businesses who need larger groups ● More affordable than traditional service companies ● Anything you need done - we are not specialized ● Student bid system o No employee legal implications o Students set price resulting in better service offered
  • 12. 12 Team Justin Ohanessian, Founder Previously Product Marketing Manager at TalkFree, Marketing Analyst at Laborfair University of San Francisco - Bachelor of Science (BS), Business Administration Joseph Toboni, Founder Previously Sales Director at Bureau van Dijk, Junior Analyst at Rutberg and Company Lewis and Clark College - Bachelor of Arts, Political Science Justin Williams, Developer Owner of Bamboodev Advisors Brett Bonthron - Director, Strategy at Monitor Deloitte Consulting Law Firm Long & Levit LLP Tackett Mull Nicolai LLP
  • 13. 13 Seeking $500K in funding to: Develop Mobile App Grow $1.876M in sales by end of year 2 Projected compound growth rate of next 5 years is 100% a year The Ask

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