2014-02-17 18:27:01 - New startup Quotefish connects local small offline businesses and the growing number of people that are purchasing products and services online, launches crowdfunding campaign for equity.
During the depth of the recent Irish recession, an Australian followed his heart and his wife across the world and found himself between a rock and a hard place. But this rock was covered in Irish moss, and the hard place was (at the time) limited in opportunities for small businesses.
Being a designer by trade, Simon Chapman began developing a solution for his own problem: being able to find local contract work.
“It was the wrong time to move to Ireland. The economy had bottomed out and no one was working. Everyone was holding on to their money and their work. There were no opportunities for contract work anywhere.” Simon Chapman said. “But a rotten economy doesn’t mean that people just
stop living. They still fall in love, get married, start businesses and are social. All of these things lend themselves to people working; designing wedding invites and business stationery, djs, bands, photographers and caterers for weddings, removalists and tradesmen for moving house and baby sitters and pet minders for going out or going away.”
After a few ups and downs, Simon eventually had a team, a product, a launch and a market and since launching in September 2013, Quotefish has provided hundreds of businesses across twelve countries with work opportunities worth thousands and has been shortlisted for four awards including the Web Awards, Eircom Spiders and the Samsung Digital Media Awards.
“We are designing Quotefish to do just two things really well: to make it incredibly easy for people to get prices from local businesses, and to introduce these people as qualified leads instantly to local businesses.” says Simon. “In the past small local businesses were sold listings on online classifieds, which were cash cows for the developers but had no returns for the businesses. We want to restore their faith in doing business online by offering them a more direct and painless connection to prospective clients.” To do this on a large scale, Quotefish has turned to Seedrs to raise funds.
In November 2013, Seedrs opened its platform to entrepreneurs and investors across Europe, and now has more than 29,000 registered investors and funded over 56 early-stage deals since it opened shop.
“Many people would like to invest small amounts of money in startups. Some want to build a portfolio in order to get exposure to a high-growth, high-risk asset class. Others want to support friends, family and community members while getting the benefit of upside if they succeed. And still others want the excitement of being a “Dragon”. Due to the high transaction costs of making small investments in private companies, though, it is extremely difficult to invest in startups through traditional means.
Together these two facts reflect a major inefficiency in the market for seed capital. Seedrs is here to change that. In fact, the key mission of our business is to improve financial inclusion and help drive a democratisation of investment to benefit a far greater cross-section of the population.” says Jeff Lynn, founder of Seedrs.
Now anyone can invest in Quotefish in return for equity through www.seedrs.com. But unlike most other businesses seeking crowdfunding, Quotefish is not looking to raise funds to start their business, they are looking to expand further into the UK, Europe and USA.
According to a recent study conducted by software company Intuit, by 2020, 40% of the American workforce will be freelancers, and Simon expects to see this trend across Europe and the UK as well.
Quotefish.com is an Irish registered business and is seeking investment through a crowdsourcing campaign on Seedrs at www.seedrs.com/startups/quotefish
About me: about.me/Quotefish/