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    HourlyNerd

    Avery, Jill ; Fuller, Joseph B.

    • Reference: HBS-316134-E

    • Number of pages: 19

    • Geographic Setting: United States

    • Publication Date: Jan 13, 2016

    • Fecha de edición: Jul 31, 2017

    • Source: HBSP (USA)

    • Type of Document: Case

    • Industry Setting: Consulting services;Venture capital;Business consulting services

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    Description

    HourlyNerd, a two-sided marketplace platform for matching freelance consultants with small companies looking for help, struggles to define a growth plan for the future. The company, started as a class project in HBS' FIELD 3 course, is assessing three growth paths: shifting their target from small and medium sized businesses to enterprise customers, expanding into new verticals to become the Amazon of freelance labor, and transforming its business model from a marketplace to software-as-a-service (SaaS). Each of the three paths was risky and required financial and human resource investment. Could and should the fledgling startup change its business model? Could they fundamentally change the way companies purchased consulting services? Or, should the founders play it safe by remaining focused on executing their original business model -- a proven winner?

    Keywords

    Entrepreneurship Start-ups Startup Strategy Venture capital