Honeybook scores $28m to make managing business easier for creative solopreneurs vatornews grade 6 electricity experiments


“Freelancers make up one-third of America’s workforce today, and this number is projected to grow to 50 percent in the coming years,” HoneyBook’s co-founder and Chief Executive Officer, Oz Alon, said to VatorNews. “Our 5 gas laws partners at Citi Ventures are aligned with our vision to better serve these solopreneurs by creating new products and services that will help them succeed. One thing we’re particularly excited about is the potential for HoneyBook to now offer our members better access to financial services and even capital.”

“As the shift toward independent work continues to rise, the needs of this modern workforce segment are evolving,” Luis Valdich, Managing Director and Venture Investing Lead at Citi Ventures said in a statement. “HoneyBook’s holistic platform is uniquely positioned to serve the growing number of creative freelancers who are operating their own businesses and we are excited to be part of its journey.”

Oz Alon: HoneyBook’s growth can be attributed to the changing nature of work in America and great product-market fit. More and more people are freelancing and starting their own businesses, and this segment of the workforce is growing at three times the pace of the traditional workforce. But these solopreneurs have a lot of pain points starting and running a business on their own gas zone.

OA: We’ll be investing in product developments to better serve our customers. As we visit our members in their homes and at their workplaces, we’re hearing that they still have some pain points that we want to do our best to solve. We’re already rolling out new product updates and features every week to meet this need, and the fundraising and partnership with Citi will allow us to create even better solutions more quickly to continue delighting our customers.

OA: HoneyBook was built with freelance and solopreneur gas in dogs service providers in mind. To this demographic, time is money, and 80 percent of the time they’re stuck doing things they just don’t want to do, or they’re not good at doing. That’s four out of five business days spent handling invoices, customer communications, proposals, tracking, and other mundane activities. Our all-in-one platform caters to anyone who freelances or owns a business, whether you’re a web designer, business consultant, freelance writer, or a photographer.

ОА : Historically, small businesses had v gashi 2015 a bad experience with online payment platforms and accepting credit cards in general. They didn’t like the time lag from accepting the payment to having the funds land in their account, they didn’t like the fees, and they definitely didn’t like it when there was a chargeback and no one was there to fight for their money. Early payment platforms lost a lot of the SMBs’ trust.

We needed to prove that HoneyBook is a different type of company. For starters, we will always have their backs and that the fees are justified by the tremendous value they get by using our platform. Having more than $1 billion of their bookings on our platform shows we were able to surmount those challenges and that solopreneurs trust us.

Where we’ve innovated is by consolidating every aspect, from customer relationship management (CRM) to payment 76 gas station hours, in a single, seamless platform. When members sign up for HoneyBook, they’re cutting down the time it takes to book a client dramatically, and those who use our automations shorten that time by another 20 percent. So, we’re helping our members get booked more, and faster, and do their job better u gas hampton because they’re freed up to focus on their craft.

What’s more, because our platform manages all aspects of running a business, we’re able to offer our members insights that help them uplevel their business. Before HoneyBook, our customers were using a bunch of different platforms to run their business. But these are siloed and disparate, making it near impossible to efficiently learn across platforms for insights.

OA: Entrepreneurship has always been in America’s DNA, and small businesses are the backbone of this country. We’re also seeing millennials and Gen Z really lean into the entrepreneurial spirit, in large part because they prioritize flexibility, independence, and the freedom to pursue their passions on their own terms. Research shows that 49 percent of millennials would rather start their own business than work for someone else — and this is what we’re seeing on our platform, too: 81 percent of our members are millennial and Gen Z.

Later, while planning our wedding, we experienced from a consumer point of view just gas prices in michigan how cumbersome it was to pay vendors for their services and coordinate with them in general. It struck us that solopreneurs and freelancers are a traditionally underserved electric utility companies in arizona portion of the economy, so we decided to build a solution for them – and us – specifically.

OA: The environment has become even more competitive because not only are employees free to work for another employer, they’re also increasingly ditching the traditional 9-to-5 altogether to work for themselves. For companies that want to retain talent, I believe that it’s all the more important to create a strong company culture that values the same things your employees do. And, increasingly, that’s flexibility, mobility, and passion-driven creativity in order to be a compelling place to work.