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Building a marketplace business

Stephane Kasriel // @skasriel SVP Product & Engineering

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How we hire today is holding our economy back

“66% of multinational companies say talent " shortages are likely to affect their bottom " line in the next 5 years.”

–Economist Intelligence Unit

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Where it all began

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Where we are today Elance-oDesk is a global marketplace for businesses and freelance talent

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3.5M+ clients 9M+ freelancers

Elance-oDesk is the world’s largest online workplace

$900M+ !in billings in 2014 180+ countries

2.7M jobs posted annually 2.6K skills on our sites

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Elance-oDesk in the Ukraine

95K+ freelancers including 52K+ IT freelancers

In Q3 2014:

Ukrainian freelancers earned $16M. "Of that, $13M was earned by IT freelancers.

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“Dogfooding”

•  In 2013, oDesk had approximately 125 employees and 250 freelance team members

•  Our 200+ person engineering team is fully distributed, with 60+ Ukrainian developers

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Ingredients of marketplace success

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Product-Market Fit

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Key Metrics

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Liquidity

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Trust

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Experimentation

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Matching

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Curation

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Monetization

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Payments

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Patience

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Ending with a plug…

•  We’re hiring

•  Use our platform to build and monitor yours

Thank You @elance · @odesk

@skasriel