Matt Lawson
San Francisco, CA (USA)
Role(s):
Founder/Owner/Principal
Peaceofcode.com
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Startup
Location:
San Francisco
Industry:
Internet
Year Founded:
2010
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Not Incorporated
Description:
(URL removed) provides a risk-free, on-demand code development support for mobile and web based software development. PeaceofCode’s proprietary ticket-based service provides flexible amounts of dedicated coding manpower at fixed per-ticket costs for clients that need to streamline and control development time lines and costs.
Business Summary and Brief Financials Available.
ROI
We expect that within 2 years we can process 100,000 hours of work per month (1000 developers) at $40-$75 per hour with profit margins of roughly 20-30%.
For an initial investment of $100,000 structured as a non-interest bearing loan, we are offering 5% non-voting stock ownership and 10% monthly profit-sharing until the the $150,000 benchmark has been reached (repaying the loan plus 50% bonus). Thereafter the investor will receive 5% ongoing profit-share for the life of the company or until the company is sold or goes public.