I opened a position on Freelancer (FLN), an company listed on the Australian Security Exchange for the following reasons;
- After 10 years hiring subcontractors online, I made my first hire on Freelancer this month.
- The site has an elegant design, good feature set impressive stats; 16m+ registered users, 8m+ projects. In comparison, other leading sites feel dated and cumbersome to use.
- I attended a presentation of Freelancer recently and employees mentioned founder Matt Barrie is a techie who is investing heavily in development and growth hacking, not advertising.
- An hour of research on Matt Barrie confirms strong tech background (Stanford), previous startup success, sharp intellect (blog).
- Matt Barrie recently announced first sale of stock, more than 18 months after IPO.
- Company still run by founder. 10-baggers come from 1st generation companies.
- Recent contract with NASA which should help convince more corporations to user Freelancer.
- Recent Forbes article says 50% of US workers will be Freelancers by 2020.
Price: $1.24 AUD / $0.88 USD
Trade/Portfolio: 2.20%
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