Investment Ideas: Difference between revisions

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 ''See also: [[Jobs posted on Upwork Platform]]''/ [[Upwork:Sources]]
+The main value proposition in Upwork is in the enormous market they are tackling. Due to changes in information technology people all around the world are able to work together. This allows companies to outsource jobs that have been previously hard to outsource. At the same time the jobs market in the United States is very tight with over 11million open jobs and the western world is facing demographic change.
+Upwork is uniquely positioned as they build the only reliable freelance platform which fosters long term cooperation between freelancers and clients.
+As both freelancers and clients build their reputation on the platform there are strong lock in effects which create moats.
+The costumer support in Upwork works very well and the tools they offer cover all needs for a successful cooperation between freelancer and client.
+While upwork is currently not profitable as it reinvest's it's revenue in market and r&d we believe they have a clear path to profitability.
+Overall it is a high risk - high reward investment.
+Our main worries are on the execution side esp. in marketing and some processes which still appear to be choppy. Additionally LinkedIn marketplaces could become a serious competitor depending on their willingness to provide tools for payment and time tracking.
 Upwork is a leading freelance marketplace. It was founded in 2013 through a merger between ODesk and Elance. Unlike our other investments, Upwork’s founders are no longer with the company. However, its top executives, such as the chairman of the board, Thomas Layton, and the CEO, Hayden Brown, have been with the company for over 10 years.