We're former freelancers who realized there's way more to freelancing than good design, development, photography etc.
Freelancing is a business and many freelancers lack the interest / skills to create effective contracts, manage cash flow properly, etc.
Our first two products are contracts & payments. We had a Stanford lawyer who writes novels on the side draft solid, plain English contract templates. We built a simple, helpful mad-libs style workflow to create the contracts. And finally, we have invoices that can be automatically generated and sent from those contracts.
Our initial users are getting paid about two weeks faster than they were before Bonsai.
Would love to hear what you guys think and answer any questions you have about Bonsai or the freelancing business in general.
Edit: Also, in TC: http://techcrunch.com/2016/02/22/bonsai-wants-to-be-the-free...
Question: what is your end-of-life plan in the event of acquisition or business shut down?
Disclaimer: I'm not affiliated with them, I'm just annoyed by what you're insinuating. Dude. This is not a life altering business proposition. If your business is torpedoed because you suddenly forgot how to cut and paste, you've got other problems.
couple of questions
- do you plan to make it work with something like Paypal API ?
- maybe other language than English ?
look promising anywayI guess what I'm getting at is this: if this is intended to be a tool for generating, signing, and managing contracts there must be more flexibility in actually drafting the contract language. If it's supposed to be a tool for invoicing clients, I see no way to actually invoice for contracts provided by a third-party.
If you're a decent sized agency working with larger clients, it probably won't be flexible enough. We try to cover the 80/20 cases and provide some flexibility, but we need to maintain some standardization for the ease of creation, integration with invoices, etc.
Will it replace priced VC rounds? Not at all, but a little streamlining goes a long way.
Is it possible to be profitable (in a successful startup sense, not casual/bootstrapped/side project sense) at that low level? Maybe I'm missing something but I don't see a lot of room for revenue growth here. I'd figure that the average freelancer as a handful of contracts a year so you're looking at $10-20/year per customer.
I'm not saying the idea itself isn't good. Anybody that's freelanced or done corporate invoicing knows the annoyingness of "We'll pay you within 30 days of deciding to pay you"[1]. Solving that problem would benefit a lot of freelancers. I just don't see this being a sustainable solution in the form that's being presented.
[1]: Quote is shamelessly stolen from a patio11 comment: https://news.ycombinator.com/item?id=9076590
Edited to add link to quoted comment
However, a service that's easy to automate can be maintained at low costs while scaling easily. I'd probably still charge a small, montly or yearly fee for contracts with a free trial. Just to cover operating costs.
Contracts and invoices are the first step towards a few other cashflow management tools like invoice factoring, escrow, and others.
But definitely agree, you can't build a business on invoices alone, since those + payment processing are so commoditized.
what happens when the contract is contested? and what if you lose?
> Bonsai is not a law firm, does not provide legal services or advice, and does not provide or participate in legal representation.
So basically they are providing just the tool, you are still legally responsible and you have to represent yourself
The fact is, nothing beats having a lawyer create and review every one of your contracts. However, that's simply not feasible for most freelancers. Our goal is then to provide something straightforward enough that will cover the majority of issues in the majority of cases.
Re the disclaimer, it's actually completely standard for any site that touches legal issues or content.
Check out the TOS of RocketLawyer (https://www.rocketlawyer.com/ter...) or LegalZoom (https://www.legalzoom.com/legal/...), two huge companies and pioneers in the field, and you'll find the same there.
Hiring freelancer for most international clients is more appealing if they are from other countries than USA, Canada an UK, for several reasons: like price, diversity, time availability, work culture etc.
... I'm sensing that someone will say that hiring freelancers from USA(or the first world country of your choice) has more advantages. The fact is that most of the long lasting freelance market is outside USA
Thanks for mentioning 2checkout, hadn't heard of them before. We've been looking into https://www.adyen.com for international payments.
Sadly I can't even use Bitcoins safely in Bolivia as it's legally baned here
Most south americans freelancers use either: Payoneer, Skrill, Wire Transfers, or 2checkout. Though 2checkout is more popular for ecommerce and small/medium startups.
On step 1 of the contract creation process, what happens when you click 'United States'? Also, what browser are you using?
I just created a new example contract using the United Kingdom in the first step, and all seems fine. Thanks!
We try to put together resources for them specifically, like a tool to visualize what they should charge: https://www.hellobonsai.com/rates
Lots of people use Upwork for contracting, but would still like to send a contract with the right legal wording that they can sign.
We also see alot of users bringing projects to us from Upwork et al.
Because there is valuable deterrence in using Upwork's rating system versus doing it myself.
Any chance you'll handle tax remittances? Contractor taxes (esp) in Canada are kind of a quagmire.
- Is this product for a certain type of contractor? Size client?
- How does the flow work using your product?
- Is my use outside of the norm of your typical customers?
- What is different about your contracts that make them 'bulletproof'?Created a sample contract, nice and easy.
Are the contracts the same for US and UK? I've only created a sample UK one, but notice that you use the US spelling for 'license' as opposed to 'licence'.
Is there an option to export archived contracts?
Anyways, I'll likely be using this. Good luck with it.