Kevin Ho Austin Eng Matt Hsu
Business Opportunity Problem How do I complete all of my errands with a busy schedule? How can I find work during free time, with limited professional experience? Value Proposition Hirers Ribbid provides busy individuals who don’t have the time for errands a platform to post requests and receive the most reliable and affordable help through a unique reverse auctioning process. Workers Ribbid provides people who have limited professional experience with quick, convenient work on their own hours by letting them bid on local errand requests.
Description of Product Ribbid is a platform for people to post requests for errands, and for users in the area to bid to complete those requests. The reverse auctioning technology allows for users to get the cheapest, best hire for their errands. Fully functional prototype from PennApps 2015 Hackathon Built using Angular,js + Express on Node.js based servers running on a MongoDB database, the HTML5 Geolocation API, and Facebook integration
Overview of Market Target market Busy adults, age (hirers) Young adults without professional experience, especially students, age (workers) Competitors Task Rabbit >15,000 workers Philly-based Targets specialized services, not errands (handymen, cleaning, and moving) Postmates only offers delivery services Zaarly Similar to Taskrabbit Skilled services (Housecleaners, Lawn Care, Handymen, Maid Services, Electricians) No competitor uses reverse bidding for their services
Development Plan Short Term (~1 month) User pages for users to add reviews/ratings based on their service Add digital payments with Venmo or Stripe. Fix bugs Work out terms of service and get legal advice. Medium Term (2-5 months) Launch Beta, acquire users and gain customer feedback. Build Iphone and Android Apps Long term (>12 months) Market, and grow user base Build Ribbid in large cities Cost Server costs for maintenance of database and site Compensate starting workers. (provide partial funding to starting workers to help them build reputation) Monetization ~5% fee for every transaction Average transaction/request will be from $10-50 About $1 per transaction
About Us Kevin Ho UPenn Digital Media Design ’18 Digital marketing for Rappad ( Proficient in Java, HTML, CSS Marketing and Front-End Developer Handle business, marketing, and help with front-end development Matt Hsu Cornell Computer Science ’18 Web– jQuery, express framework, node.js, Ruby on Rails, CodeIgniter framework, MySQL, MongoDB, Bootstrap 3 Development – JavaScript, Java, PHP, C, Python, C#, LATEX, Autodesk Inventor, Multisim Full-Stack Developer Build functional website, Iphone app, and Android app Austin Eng UPenn Digital Media Design ’18 Mastery of Python, Ruby, HTML, CSS, Javascript, Proficiency in Experience: OCaml, NodeJS, Java Full-Stack Developer Build functional website, Iphone app, and Android app