The Next Big ThingMatt Barrie Chief Executive Freelancer.com email: matt@freelancer.com twitter: @freelancer

(and why you should be starting it)

You are here

The other

70%

of the worlds population are

about to join the Internet.

Its 2011.World Population

6,845,609,960Number on the Internet

2,080,000,000 (30.3%)Source: Internet World Stats & United Nation

Worldwide Internet Penetration 2011North America 266 million users 77.4% penetration

Europe 475 million users 58.4% penetration

Asia 825m (of 3834m) 21.5% penetration

Latin America 204m (of 592) 34.5% penetration

Africa 110m (of 1014m) 10.9% penetration

Worldwide Internet Growth 2000-2010Africa Middle East Latin America / Caribbean Asia World, Avg Europe Oceania / Australia North America 0% 621% 445% 352% 179% 146% 500% 1000% 1500% 2000% 2500% 1033% 1825% 2357%

The other 5,000,000,000 people are coming

The other 5 billion are on an average wage of $10 or less per day

The first thing they are doing is looking to raise their economic status.

And its never been easier to learn a trade.

Simultaneously every industry is now digitised.

The World is Flat.

The World is Flat.

The World is Flat.

What does all this mean? What does this all mean?

Goods

Services

Today

Tomorrow

The World is Flat. The World is Flat

We are the global labour exchange

We Empower Entrepreneurs. Globally.

In the west, we provide the productivity tool to assist those with a spark of an idea turn it into reality.

In emerging economies, we empower entrepreneurs to start service organisations.

Freelancer.com What we do

We provide the labour force that will enable the western world to power into a digital economy. We deliver jobs to emerging economies, in technical areas, that are desperately needed, at fantastic rates of pay. And we can do so delivering serendipity to both parties due to the huge wage gap.

Freelancer.com Freelancer Globally

Started in 2004 Worlds largest outsourcing marketplace > 2,600,000 users from >234 countries/regions > 1,000,000 posted projects to date > $90,000,000 spent through site to date, roughly equivalent to saving western businesses $500m to $1b in costs.. in $200 projects..

In top 250 websites globally (Alexa)

Peaked in top 200!

Top 250 websites worldwide. Up from 5,000 two years ago.

Accolades

Webby for Best Employment Site 15th Webby Awards 2011 Peoples Choice 15th Webby Awards 2011 Best Export Achievement 17th AIMIA Awards 2011 Peoples Choice Award 17th AIMIA Awards 2011 BRW Entrepreneur of the Year 2011 BRW Fast Starters 2011 Best Online Business Anthill 2010 Awards Best Global Company Anthill 2010 Awards Readers Choice Anthill 2010 Awards

Freelancer.com is huge in the developing world. Now ranks 21st in Bangladesh (155m population)

Below: Amazon.com Apple.com MSN.com Bing.com BBC Etc..

What Outsourcing Looks Like

We are a major user of Amazon Cloud Computing

Small Business Owner

Want better packaging

Need a Website Need some new brochures

Sell more! Need to redesign my showroom

Need to find a manufacturer for new product

Freelancer.com

If I just have the spark of an idea now, I can get a designer in Taiwan to design it. I can get a factory in China to produce a prototype. I can get a factory in Vietnam to mass manufacture it. I can use Amazon.com to handle fulfilment. I can usefreelancer.comto find someone to do my logo and manage my backroom. And I can do all this at incredibly low prices. The one thing that is not a commodity and never will be is that spark of an idea.Americas Dream Team (Tom Friedman) New York Times Editorial 2010

Things I bet you didnt know you could outsource

Fix my websiteUS $75

Employer from Chile!

iPhone Application28 Bids

28 BidsUS US $1289 $654

v45 Bids

Social Network for 500k to 2 million users

US$1500

Employer from Chile!

Design a fully functional Dune Buggy36 Bids

US $268

What does this all of this mean?

Facebook Fan page for BBC Topgear

91 Bids

Architectural rendering of a double story house

US $98

3 Bids

1 Bid

Putting up posters In Estonia.. From Sweden

US $50US $50

6 Bids

Developing a formula for a paint coating

145 BidsBids 274 US $234 US US $61$882

12 Bids

Composing a rap song to help Chinese students learn English

US $102

Hydrogen Engine Research14 Bids

US $484

20 Bids

US Prisoner hiring freelancers to write 100 articles on prison education.

US $2715

What does this all of this mean?

Theres never been a better time to start a company.

What does this all of this mean? All this stuff is free.

What does this all of this mean? All this stuff is cheap.

What does this all of this mean? You can start a company off a credit card.

What does this all of this mean? A new class of Venture Capital has arisen

What does this all of this mean? Digg.com

Outsourced original software for $60 $6000 to get site all up and running $1200 for domain and 12 months hosting

Offer from Google for $200 million 4 years later

What does this all of this mean? PCTools / Spyware Doctor

Outsourced original software for $1000 Bootstrapped to profitability Raised financing only at very late stage

Sold to Symantec for $300 million 6 years later.

What does this all of this mean? Omnisio

Initially funded $20,000 by Y Combinator No further financing

Sold to YouTube for $15 million 4 months later.

Internet Scale

200m users in 5 years 600m users in 7 years

100m users in 45 days?!?

Internet Scale

Founded in July 2007 Financed in July 2008 Makes sucky flash games 2010 $850 million in revenue. Founded Nov 2008 2010 $350 million in revenue. WSJ on pace to make $1 billion in sales faster than any other business, ever

Linkedin IPO Opened at $45, up 84%

The Tech Boom is back General publics appetite for tech is back in vogue. VCs are splashing cash, valuations are rising.. Feels like 1998; Linkedin, Quora, Color.. Wait for the Stampede:

Groupon, Zynga, Living Social, Etsy, Gilt Group, Yelp, eHarmony, Etsy, Zoosk, Twitter.. and Facebook

What does this all of this mean?

Will Facebooks IPO signal the end of the boom?

What does this all of this mean?

So what does this all mean for Chile?

Freelancer.com Chile

With over 500 IT companies and 55,000 IT students, already a leader in South America Government is showing initiative with ProChile, Corfo, Start-Up Chile and Chile-IT Theres a long way to go. Only 8% of IT grads speak English. IT is only 1.7% of the total Chilean economy. Only 45% Internet penetration. Only a fraction of a percent of Freelancer.coms 2.6 million user base.

Freelancer.com Chile

But theres never been a better time to start a company! Its never been so cheap and easy to start, to reach billions of people and grow so fast. Everyone in this room be thinking about starting a technology company. For many others in Chile, there is a world of opportunity in starting service organisations and finding work online through sites like Freelancer.com.

What does this all of this mean?

So what are you waiting for?

www.freelancer.com Signup using the coupon code CHILE to post 3 projects for free!

Tips on Getting the Best Results

Open your mind. You can outsource anything! The better you specify the project, the better the outcome you will have. Dont always go for the cheapest. Make sure they can do the job first. Ask for previous work, a portfolio or to do a paid/unpaid trial on some sample items. Pick people with a high reputation & good feedback. Dont pay upfront. Use Milestone Payments.