Jobletics

Despite the introduction of numerous technology solutions to help foodservice, retail, and hospitality businesses better manage their business and improve their bottom line, managing their staffing needs still represents the biggest headache for managers. Turnover exceeds 120%, putting managers on a treadmill - handling all the issues of managing staff including: recruiting, interviewing, hiring, payrolling, onboarding, training, scheduling, being sure they will be there to cover the shift, and dealing with when they aren't. Then they start the cycle all over again when the employee inevitably leaves or just stops showing up. These turnover costs all add up to about $7,000 per employee. Meanwhile, hourly wage workers in these industries are struggling themselves. Most cannot find full-time work, averaging only 26 hours per week per job, and instead are piecing together multiple part-time jobs to try to eke by a living. Many struggle to juggle these jobs with their personal commitments like school and family - struggles more difficult when in this income class. Jobletics thinks there is a better way. Jobletics is leveraging the network effect of an on-demand matching model to build a longer-term business-worker relationship that eases the friction for both sides. We are giving the worker more control over their experience while reducing the staffing management pain for the manager and allowing them to focus on their customers and improving their bottom line. After initially launching in Boston, we have expanded our presence to Philadelphia and the San Francisco/San Jose bay area. With bootstrapping and a small convertible note funding, we have built a business that grew over 380% YoY from 2016 to 2017, with over 300 businesses on our platform, ranging from large grocery chains like Roche Brothers, billion dollar food management companies like Compass Group,  to hundreds of individual restaurants, caterers, and even food trucks.

$1000 - Jobletics Logo Hat
$2000 - Jobletics Logo Hat & T-Shirt with our catch phrase "We Get Shift Done"
Investments of $25,000 or higher - dinner in Boston with the Jobletics management team (does not include travel or lodgings)

YoY Revenue Growth (2016-2017): 380% +
2017 Revenue: $530,000
Customers include Compass Group (a $19Bn food management company), NexDine, Roche Brothers, Rebecca's Cafe, and more.
Investors and advisors include: Joe Kelley - Former President of Stop and Shop and Executive Board Member of Albertson Brands (Shaws and Start Market) and Gene Zimon - CIO, Nstar & Launchpad member.
Additional investors and advisors include: Jeff McCarthy - Partner, Northbridge VP; Adam Salmone - Cofounder, Food Loft; and David Lanci - CEO, NexDine.
CEO has both technical (former engineer at LinkedIn and Yelp) and domain expertise in restaurants (ran retail and foodservice teams for family-run business).
COO is a seasoned operational, product, and marketing leader with over 25 years experience.

• Product enhancements: 40%
• Sales and marketing: 40%
• Regulatory compliance: 10%
• General expenses: 10%

Success of Jobletics is dependent on managements plans to raise additional capital from the issuance of debt or the sale of stock, its ability to attract users to its software platform and its ability to generate positive operational cash flow.

Rahul Sharma
CEO & CO-FOUNDER
CEO and Founder of a rapidly growing startup in Boston MA called Jobletics which intelligently matches foodservice workers with shift work on an on-demand basis. We leverage computer vision, speech pattern recognition, neural networks for intelligent matching, and AI based chat systems. We have been published all over the news (Boston Globe, Bostinno etc.) and are growing very fast. From Idea to MVP to revenue positive to growth stage (2M+ ARR in first 2 years with 400% YoY growth), I have overseen all aspects of the product and technical development lifecycle. I have sold into mid-market and enterprise accounts and we have scaled Jobletics to SF and PHL. In charge of financial modeling and fundraising and raised an Angel round from prominent angels in the Boston MA area. I worked as a Lead Engineer at Yelp and at LinkedIn before Jobletics. MSCS from Northeastern University with an emphasis on A.I and Information Retrieval and BSEE with an emphasis on signal processing. BS Finance

Shane Arnold
COO & CO-FOUNDER
Shane is the Chief Operating Officer, responsible for defining, implementing, and managing the operations of the business. He is a hands-on, get things done executive who can be found hacking integrations of operational systems, launching marketing campaigns, leading the support team, or writing copy - sometimes all on the same day. Whatever needs to get done, Shane makes sure it happens.Prior to joining Jobletics, Shane held numerous product, marketing, and operational roles at companies ranging from large corporations to numerous early stage startups. He has led system definition and development for major call-center systems, defined product for financial, advertising, automotive, and SaaS businesses, led marketing for SaaS and community products, and consulted for many more industry verticals.He has a particular passion for network effect businesses, and deeply understands the operational, logistical, and market dynamics around those solutions. This passion led to him teaming with Rahul to build Jobletics.Shane holds a BS in Management Science (Information Systems) from MIT/Sloan and an MBA from Wharton.When he has spare time, Shane enjoys participating in team sports (he played football at MIT, rugby at Wharton, and took up ice hockey when his sons started playing) and watching his sons play hockey and baseball.

Joe Kelley
President
Joe Kelley is an experienced senior executive with over 30 years of leadership experience in the grocery and retail industry. He has held senior positions with several grocery chains, including Chairman & CEO of Marsh Supermarkets, President of Stop and Shop New England, and Executive Vice President at Price Chopper Supermarkets. In addition, he has had key Vice President positions at Albertsons, Star Markets, and Shaw's Supermarkets. His tenures with these brands have all resulted in significant increases in sales, margins, and market share.

• Round size: US $1,070,000
• Minimum investment: US $500
• Target Minimum: US $500,000
• Maximum Raise Amount: US $1,070,000
• Security Type: Tiered Preferred Equity  (SWIFT)
• Purchase Price: US $3.0913 before Apr 13, 2018 (19.2% discount) US $3.4588 before Apr 27, 2018 (9.6% discount) US $3.8264 Final
• Pre-money valuation: US $3,700,000
• Liquidation preference: 1.0x