Tech Talks Daily

697: The Story of Lorem and How it Raised $2.5M To Build The Future Of Work


Listen Later

Lorem connects businesses owners to a curated, professional network of freelance website developers and designers who can build or improve their website, blog or online store. Founded in 2017, Lorem is the only on-demand freelance marketplace that rigorously vets the experts on its platform and integrates with the most common software tools used by business owners on a daily basis.

The online platform recently secured $2.5 million to expand its on-demand freelance marketplace. Lorem’s funding was led by Flybridge Capital Partners among other investors - including HubSpot, who will be including Lorem into its own marketplace for interested customers.

Now that more than a third of the U.S. workforce alone is actively freelancing in some capacity, however over 50 percent of their time is spent trying to find new projects, rather than working and getting paid.

Meanwhile, business owners are now juggling 15 to 20 different “do-it-yourself” SaaS tools to build and maintain their website, yet each tool requires more technical expertise to set up, customize and manage on a continual basis.

Lorem is attempting to solve these problems by automatically matching entrepreneurial business owners with high-quality freelancers to work on task-based projects at an affordable price.

“Our vision is to empower the modern day business owner to succeed with instant access to high-quality and affordable freelance talent. We aim to build a global network of experts and enable freelancing as the future of work,” said Charlie Fogarty, co-founder and COO at Lorem.

“This additional investment will allow us to continue to solve the problems that millions of freelancers and high-growth companies face in doing business online.”

I invited Charlie Fogarty onto my daily tech podcast to learn more about his grand vision.

 

...more
View all episodesView all episodes
Download on the App Store

Tech Talks DailyBy Neil C. Hughes

  • 5
  • 5
  • 5
  • 5
  • 5

5

197 ratings


More shows like Tech Talks Daily

View all
HBR IdeaCast by Harvard Business Review

HBR IdeaCast

177 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,040 Listeners

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

519 Listeners

Software Engineering Daily by Software Engineering Daily

Software Engineering Daily

621 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

175 Listeners

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence) by Sam Charrington

The TWIML AI Podcast (formerly This Week in Machine Learning & Artificial Intelligence)

441 Listeners

Fintech Insider Podcast by 11:FS by 11:FS

Fintech Insider Podcast by 11:FS

186 Listeners

Gartner ThinkCast by Gartner

Gartner ThinkCast

112 Listeners

Super Data Science: ML & AI Podcast with Jon Krohn by Jon Krohn

Super Data Science: ML & AI Podcast with Jon Krohn

298 Listeners

NVIDIA AI Podcast by NVIDIA

NVIDIA AI Podcast

331 Listeners

DataFramed by DataCamp

DataFramed

267 Listeners

Practical AI by Practical AI LLC

Practical AI

192 Listeners

Big Technology Podcast by Alex Kantrowitz

Big Technology Podcast

454 Listeners

Business Breakdowns by Colossus | Investing & Business Podcasts

Business Breakdowns

353 Listeners

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis by Nathaniel Whittemore

The AI Daily Brief (Formerly The AI Breakdown): Artificial Intelligence News and Analysis

491 Listeners