quigit app 1pager _ april 2014

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Page 1: Quigit App 1pager _ April 2014

Quigit Mission The best way to find Quick Gigs. A location-based jobs app.

Business Summary Quigit is a verb [Kwek’-it]: To seek or hire for quick gigs. Quigit is a mobile application that leverages users GPS location to find odd-jobs in their immediate locale. Quigit’s are odd-jobs that pay between $5.00 and $1000.00, that are < 48 hours long.

Unique Advantages • GPS Location of quick gigs in the user's immediate vicinity • Authenticating user identify through social network log-ins • Desperation of those hiring and looking to Quigit • GPS encourages repeat usage as job seekers scout areas for potential gigs

Business Model Free app with freemium for additional services, similar to location-based dating: • Freemium for gigs posted with cash remittance • Freemium to view gigs outside of immediate GPS location • Mobile advertising + employee advertisement via log-in push notification

Use Cases • Looking for employment as an independent tutor • Looking for employment as an independent escort of sorts • Hiring labor to help move from in/out of college dorm • Hiring labor to do my dry cleaning and related errands

Go To Market • Validate users through existing social networking accounts • Beta test in NYC and college campus environments • Allow registry from everyone globally • Partnerships with payment apps

Founders Philosophy Innovation is incremental and we’ve noticed a unique opportunity to combine the functionality of Location-Based (GPS) dating with that of online Job-Boards (websites) to quickly supply and often desperate need for paid labor.

Competitors Task Rabbit — Mobile labor vetting marketplace Local Hands — Mobile labor concierge Unlike these apps a Quigit is an action incentivized by desperation, similar to GPS based dating. It’s designed for those looking instead of those hiring; which boasts a marketplace of talent to be engaged by those hiring. Desperation compels speed & + repeat users.

Experienced Execution • CEO/CTO — James Felton Keith— 15

year tech vet, Mayor’s Appointee @CityOfDetroit

• COO — Andy Tarradath— 15 year ad-vertising agency vet. @Omnicon & @NYTimes

• CFO — Jatin Modi — Angel. 15 year finance executive @CreditSuisse

• Technical Architect — Bryan Lewis— 15 years US f500 software development and vendor management

• UX/UI Architect — Kelvin Lin— 5 years Big 4 Agency UX Architect @Omnicon in New York.

Company Profile Incorporated Feb of 2014 http://quigit.com Employees/Vendors: 8 Funding Stage: Early Product Stage: Beta Previous capital: Angel/Founder Capital Seeking: 250K @ 5% Contact James Felton Keith [email protected] 248-686-2005 https://angel.co/quigit 21322 Pembroke Ave. Detroit, MI 48219

Financials 2014 2015 2016 2017 Revenues 100 500 1,500 2,500 Expenditures 200 250 400 500 Net (100) 350 1,100 2,000 *Projected US Dollars Rounded in Thousands (000)