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Career 2.0 startup with live beta product seeks funding
Posted by: Afred Toh on 6/30/2008 3:05:27 PM
Funding Needed:
$250k - $500k
Category:
Information Technology (IT)
Website :
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Location :
USA
Viewed : 259 times
Favorited : 1 times
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Description:
What is PayScroll and why are we disruptive?
With Web 2.0 technologies and online networking revolutionizing the career space, Career 2.0 is all about career advancement through online business networking, and enhancing one’s visibility in the business world with an online presence. PayScroll.com (http://www.payscroll.com ), an online Career 2.0 company is committed to empowering job seekers with a one-stop career site featuring a salary search tool, a job search tool and a business networking platform, to help candidates make better educated decisions in the pursuit of their dream job.

PayScroll.com differs from most traditional career sites which function primarily as informational sites that provide only salary information, job listings, or career advice. Developed as a seamlessly integrated platform, PayScroll users can search through PayScroll’s salary database which currently has about 1 million salary profiles, search for current job listings provided by Indeed.com, the most comprehensive search engine for jobs, and network with other professionals in the PayScroll CareerQnA community.

Revenue Model:
PayScroll has an unique business model and is ready to be monetized.

1) Advertising revenue: We have partnered with Indeed.com to provide highly targeted Job advertisements. These highly targeted ads is currently doing eCPM of $10 and above. Apart from job ads, we also have text-based ads that are served either by our current ad provider or direct advertisers.

2) Employer Services: We are currently in the stage of development and will be releasing new features including a set of employer based services that providing unique HR reports and services. These services includes premium monthly subscriptions and single fee offering.

Funding needs:
We are currently seeking seed funding from angels for $250K to build out our infrastructure as well as hiring developers to fast track and complete our services portfolio. In addition to spending a portion of the funding on infrastructure and hiring, we also plan to utilize a portion of the funds for a marketing/pr campaign.
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