Kevin HoAustin EngMatt Hsu

Business Opportunity Problem

How do I complete all of my errands with a busy schedule?

How can I find work during free time, with limited professional

experience?

Value Proposition

Hirers

Ribbid provides busy individuals who don’t have the time for errands

a platform to post requests and receive the most reliable and

affordable help through a unique reverse auctioning process.

Workers

Ribbid provides people who have limited professional experience with

quick, convenient work on their own hours by letting them bid on

local errand requests.

Description of Product Ribbid is a platform for people to post requests

for errands, and for users in the area to bid to complete those requests. The reverse auctioning technology allows for

users to get the cheapest, best hire for their errands.

Fully functional prototype from PennApps 2015 Hackathon http://ribbid.herokuapp.com/ Built using Angular,js + Express on Node.js based

servers running on a MongoDB database, the HTML5 Geolocation API, and Facebook integration

Overview of Market Target market

Busy adults, age 18-60 (hirers) Young adults without professional experience, especially

students, age 16-30 (workers) Competitors

Task Rabbit >15,000 workers Philly-based Targets specialized services, not errands (handymen,

cleaning, and moving) Postmates

only offers delivery services Zaarly

Similar to Taskrabbit Skilled services (Housecleaners, Lawn Care, Handymen, Maid

Services, Electricians) No competitor uses reverse bidding for their services

Development Plan

Short Term (~1 month)

User pages for users to add reviews/ratings based on their service

Add digital payments with Venmo or Stripe.

Fix bugs

Work out terms of service and get legal advice.

Medium Term (2-5 months)

Launch Beta, acquire users and gain customer feedback.

Build Iphone and Android Apps

Long term (>12 months)

Market, and grow user base

Build Ribbid in large cities

Cost

Server costs for maintenance of database and site

Compensate starting workers. (provide partial funding to starting workers to

help them build reputation)

Monetization ~5% fee for every transaction Average transaction/request will be from $10-50 About $1 per transaction

About Us

Kevin Ho UPenn Digital Media Design ’18 Digital marketing for Rappad (Www.rappad.co) Proficient in Java, HTML, CSS Marketing and Front-End Developer

Handle business, marketing, and help with front-end development

Matt Hsu Cornell Computer Science ’18 Web– jQuery, express framework, node.js, Ruby on

Rails, CodeIgniter framework, MySQL, MongoDB, Bootstrap 3

Development – JavaScript, Java, PHP, C, Python, C#, LATEX, Autodesk Inventor, Multisim

Full-Stack Developer Build functional website, Iphone app, and Android app

Austin Eng UPenn Digital Media Design ’18 Mastery of Python, Ruby, HTML, CSS, Javascript,

Proficiency in Experience: OCaml, NodeJS, Java Full-Stack Developer

Build functional website, Iphone app, and Android app