Mylance

Raising $500k to build the "Shopify for Skilled Freelancers"

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Mylance Vision
Founded in late 2019, Mylance is building the network for talented independent consultants. Using technology to scale, we'll build the community and back-office portal for their needs including lead gen, financial products, benefits, and coaching. Think of this as the "Linkedin for Skilled Freelance Consultants"

Problem and Market
Nearly 50% of an independent consultant’s time is spent doing non-earning, admin activities like bookkeeping and finding new projects. By 2028, 90 million freelancers will bring in $1.4T in gross revenue, and waste 33 billion hours in admin tasks in the US alone.

Team
Our team, led by co-founders Bradley Jacobs and Parker Wilf, combines tech and independent consulting experience from Uber and Dropbox, and has brought in over $350k as freelance consultants. We’re passionate about the independent life, we know the pain points first hand, and have extensive experience building iconic tech companies.

Traction
To date, we’ve bootstrapped a cash flow positive engine to $50k in revenue, enabling us to get close to our customer and jumpstart our community by offering coaching through a 3-week $1249 Bootcamp. We're currently at a $0 CAC, and 26% of customers are then converting to our subscription products, that today start with a $120 / month bookkeeping subscription and a $63/month membership.

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Mylance is no longer seeking funding.