Ngoc Tuan Tran introduces his company, vLance.vn, and team of co-founders. He lays out the vision of his company, as well as the strategy for entering the marketplace, concluding with the company's metrics of success. This content was produced for the 2014 Fall semester of the Founder Institute by Ngoc Tuan Tran, founder of vLance.vn. Check out his Linkedin to learn more: https://twitter.com/ntuan16

1. Freelance Marketplace
TRAN NGOC TUAN, Founder
/ntuan1611 @ntuan16 /in/ntuan16

2. Vision
Thanks to internet, we help Businesses and
Freelancers to connect and to work easily
from anywhere in the world.

3. Outsourcing Demand

4. Market overview
➢Global Outsourcing 2013 $422B
➢Online Marketplace 2013 $1.6B
Source: Staffing Industry Association
+50% per year

5. Problem
>80% FAIL
because of
COMMITMENT

6. Our Solution
➢Connect
○ Bidding
○ Private team
➢Guarantee
○ Escrowing
○ Rating
➢Collaborating
○ Tracking tool
○ Messaging

7. Revenue Model
➢Commission
➢Premium subscription
➢Addon
○ Skills testing
○ Additional bids

8. Case study
Founded 1998 & 2005
Funding $95M + $44M
Processed $750M (2013)
Founded 2009
IPO Nov 2013
Value $1.1B

9. vLance – Current State
➢ Launched Dec 2013
➢23.000 Users
➢ Project posted $180.000 - Monthly +25%
➢56% Jobs matched & DONE
➢18% use vLance payment

10. 2 Years Plan – SCALE UP
➢ 200.000 Freelancers
➢ 20.000 Businesses
➢ Payment $4.2M

11. Our TEAM
Tran Ngoc Tuan
Founder, CEO
Master in Business Computing
5 years as Freelancer in Web
Development
Nguyen Van Thiep
Co-Founder, CTO
Master in Computing Science
5 years as Web developer
3rd Prize at The ACM Asia
Programming Contest
Trinh Mai Hanh
Co-Founder, Marketing
Master in Communication & Media
3 years in Marketing at VTC Online
2 years as Freelancer
+7 Team members (Engineer, Designer, Sale, Support, Intern)

12. THANK YOU
/ntuan1611 @ntuan16 /in/ntuan16