What is Elance? Elance Review

introduce

Elance is very suitable for those who have a skill in the office, blog, designer, etc. It can help you realize your dream of making money online. The emergence of Elance makes it possible to bid for "services" or "labor work" on the Internet.

register

When registering an account, in order to ensure the authenticity of the user's identity, the website requires telephone verification. The verification process is very simple. The website will connect you via phone and ask you to read out a few numbers displayed on the screen. It should be noted that you need to read in English and speak slowly.

use

Elance-oDesk has built a platform for companies looking for short-term jobs and online freelancers, allowing them to get what they need through mutual matching - freelancers need work, companies need talent, and the matching method of the freelance market is not restricted by geography, and the working hours are flexible. Individuals can make money the way they like, while companies save money and the freelance market gets returns through commissions. It is a win-win situation for all parties.

process

First, companies post jobs (including hourly and stage-based jobs) on Elance-oDesk, which will then select the three most suitable candidates based on the nature of the job and historical data, and then decide on the candidate through interviews;

Next, Elance-oDesk will use its collaboration tools to track the work of freelancers throughout the process;

Finally, their performance is evaluated and data is generated. After the work is confirmed by the enterprise, freelancers can get quick payment through the market.

How to get the project

1. Explain clearly what benefits this project brings to me and the employer

2. A sufficiently attractive title

3. Employers generally like you to be “real”

develop

In 2002, Elance launched the industry's first comprehensive service and contractor management solution, helping large organizations such as American Express, BP, FedEx, GE, Motorola, etc. to simplify and automate the process of finding and managing temporary service providers. In 2006, Click Commerce acquired the business for approximately $15 million, with an estimated annual recurring revenue of $7.5 million.

The number of visitors in March 2008 was about 225,000, and in the United States alone the number of visitors per month is about 64,000 (Quantcast).

In 2013, the two largest competitors in the freelance market, Elance and oDesk, decided to make peace and merge to form Elance-oDesk, a giant in the freelance market.

On May 4, 2015, Elance-oDesk announced that the company was relaunching as Upwork and recommended that Elance users transition to Upwork.

Awards

In 2009, Elance was selected as one of CNET's Webware 100, an award that recognizes products and services that embody the Web 2.0 ideals of collaboration and cloud computing.

In 2013, Elance was selected as one of the top 100 companies by Red Herring.

Financing

In February 2000, Elance raised $12 million in its first round of funding from leading venture capital firm Kleiner Perkins Caufield & Byers.

In September 2000, Elance received its second round of funding and raised $50 million from five investors led by Pequot Private Equity Group. Kleiner Perkins also invested significantly in this round along with Integral Capital Partners, Charter Venture Group, and Citigroup.

In August 2004, Elance raised $10 million in Series E funding from backers including New Enterprise Associates, Pequot Private Equity, and Kleiner.

In January 2012, Elance raised $16 million in new capital led by Stripes Group, with participation from existing investors New Enterprise Associates and Kleiner Perkins Caufield & Byers.

In November 2014, freelance outsourcing platform Elance-oDesk announced a $30 million financing round led by existing investors Benchmark, as well as T. Rowe Price, FirstMark, Sigma West, NEA and the Stripes Group.

In January 2016, Elance received a total of US$16 million in financing.

References

• 1. Freelance marketplace Elance-Odesk receives $30 million in funding: Phoenix.com [cited on 2014-11-27]