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Firm tracks extended workforce, wins Shark Tank-style contest during Collaboration in the Gig Economy conference

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September 18, 2020

Utmost Software Inc. was the judges’ pick among four workforce ecosystem technology startups presenting in a competition styled after the television show Shark Tank on Thursday. The event was part of the Collaboration in the Gig Economy virtual conference bringing together staffing firms, buyers and HR tech.

All four finalists were chosen from a number of firms to present before a panel of four judges, who picked their top startup.

Utmost provides software that enables enterprise firms to track their extended workforces, which include contingent workers, consultants, contractors and freelancers, among others. Unlike VMS providers, which are typically supplier-paid, the company has a set pricing model that is paid by enterprise firms themselves.

Utmost is also native to Workday and focuses exclusively on Workday customers. In addition, Workday is an investor in the company and Utmost co-founder and COO Dan Beck himself comes from Workday.

That relationship was one thing that caught judges’ attention.

“I like the business, it’s got a built-in customer base,” said Jai Shekhawat, one of the Shark judges. Shekhawat is also founder and former CEO of SAP Fieldglass. However, he did question why Utmost chose its pricing model when enterprise firms are more accustomed to the VMS supplier-paid model.

“I think he has a bright future ahead of him; not easy, but I wish him all the best,” Shekhawat said.

Timing, thoughtfulness and focus were also cited by the other three judges:

  • “Although there was something timely in everything we saw today, Utmost, in particular, I think is really timely to what enterprise customers, HR executives, hiring managers are trying to solve right now,” said Rebecca Henderson, CEO and executive board member at Randstad nv.
  • “All of the startups were really interesting,” said Pete Flint, managing partner of NFX, a venture capital firm. “Utmost stood out, just their thoughtfulness, their experience, their distribution; I think that really stood out. This is a terrific opportunity; it’s a burning need for many enterprises.”
  • “The criteria of innovation, market opportunity and the quality of the presentations made it really tough because some may be more innovative than others and some might have a bigger market opportunity,” said Gary Swart, partner at Polaris Partners, an investment firm. “I think Dan’s focus was a differentiator. The fact that there is not only an innovative solution but a focused go-to-market, not trying to boil the ocean and tackle too much.”

The other finalists presenting to the Shark Tank panel were:

  • Emma El-Karout, founder and CEO of One Circle, a digital community of on-demand HR freelancers.
  • Matthew Mottola, co-founder and CEO of Venture L. The company is described as a Shopify for running freelance businesses that enables freelancers to scale their operations.
  • Alexander Torrenegra, CEO of Torre, a professional network that is friendly for both knowledge workers and blue-collar workers that uses programmatic automatic matching for jobs.

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The Rubens Performing Livestream ‘Informal Formal’ Gig For Year 12 Students

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Fans can tune in to the livestream with The Rubens on Friday 25 May at 7pm AEST on KFC’s Facebook.

It’s been a stinker of a year for students, and as young Aussies head into their final exams, there’s a high chance they’re going to miss out on a rite of passage they’ve been looking forward to all year – the Year 12 Formal. While state governments are still working out if they’re happening and what they might look like, we do know that if they happen, they’ll be very different and a watered-down version.

To give these studious Aussies a chance to kick up their heels at home, KFC and ReachOut are throwing The Informal Formal, with beloved Aussie rock group The Rubens, bringing their bangers live to the lounge rooms of fans around the country

If you’re a Formal-less Year 12 student or want to reminisce on your Formal of years gone by, fans are encouraged to get their snazzy formal duds on and tune in to the epic gig on Friday 25 September from 7 pm via the KFC Facebook page.

To provide more than just entertainment, KFC will also be launching a competition for students to shout their entire year 12 class a delicious KFC dinner delivered on the night for a top-notch evening of dancing, singing and Kentucky Fried Chicken. Students can enter via the website from 9am AEST on Monday 21 September running until 9pm AEST on Wednesday 23 September.

The Rubens said: “We’re stoked to be working with KFC and ReachOut to put on The Informal Formal gig. Looking back at our own formals, it was a moment to enjoy yourself and mark the end of an era at school, and while so many Aussies can’t have their celebrations during this time, we hope this gives them a little bit of a moment to enjoy despite the circumstances. We’ll be playing some oldies as well as our newest release ‘Time Of My Life’. Tune in, and we’ll tune-up.”

The virtual concert is also aiming to shine a light on the services of ReachOut and encouraging Aussie youth to take a proactive approach to their mental health. With various restrictions in place across the country over the last few months and with some important milestone events being impacted, keeping your mind happy and healthy has never been more important.

Ashley de Silva, CEO at ReachOut, said: “By partnering with KFC and The Rubens we hope The Informal Formal will give young people across Australia a moment to celebrate but also to check in with themselves and others during a time that can be tough even in non-COVID-19 circumstances. Whatever life throws at you – from exams to isolation, free mental health support is available 24/7 at ReachOut.com”.

Kristi Woolrych, CMO at KFC Australia, commented: “With most Year 12s unable to attend the special moment that is their end of year school Formal, we are excited to be working with The Rubens and ReachOut to put on ‘The Informal Formal’. While nothing can replace attending the formal in person, hopefully, this brings some light relief to Australians across the country during these unusual times. We know that live music is a fantastic way to raise spirits and give a bit of a boost and we hope that the Informal Formal can provide a bit of fun to those who are doing it tough – especially the Year 12 students heading into exams.”

Fans can tune in to the livestream with The Rubens on Friday 25 May at 7pm AEST on KFC’s Facebook.

ReachOut is a free digital mental health service that helps young people with whatever life throws at them. ReachOut has articles, videos and tips to help young people when it comes to looking after their mental health all available free and 24/7. ReachOut also has safe and established online peer support forums where young people can share what’s happening to them and provide support for others in the community.

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Capitalizing on the Exploding Gig Economy | 2020-09-21 | Investing News

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Click to enlargeThe latest offering on the Stockhouse DealRoom is a peer-to-peer (P2P) marketplace app that seamlessly connects trusted independent contractors or “experts” to consumers with everyday home maintenance needs.

Founded in 2018, HeyBryan Media Inc. (CSE.HEY, OTCMKTS: HEYBF, Forum) is a publicly-listed company on the Canadian Securities Exchange. The app is named after beloved Canadian HGTV personality and home maintenance expert, Bryan Baeumler. Every expert is background checked to ensure a safe experience for consumers and payments are securely processed through the app. HeyBryan accommodates busy schedules by allowing the independent workforce and consumers to communicate and work together.

The HeyBryan app eliminates the middleman and, finally, puts the power back into the hands of the public. Capitalizing on the exploding gig economy, the global peer-to-peer marketplace is now estimated at an incredible $340 billion.

HeyBryan instills trust, eliminates the constraints of time, and handles the money exchange for you. This allows the independent workforce and consumers, who value time, the ability to work together. The HeyBryan app is free to download and is available on both Apple and Android devices.

Customers can now book and complete tasks in anything from home cleaning, appliance repair, junk removal, plumbing, painting, electrical, or general handyman services – to name just a few.

Here’s the Deal:

The Subscriber acknowledges (on its own behalf and, if applicable, on behalf of each person on whose behalf the Subscriber is contracting) that the Units subscribed for by it hereunder form part of a larger issuance and sale by the Corporation of Units at a subscription price of $0.041 per Unit for maximum gross proceeds of up to $350,000 (the “Offering”). There is no minimum aggregate Offering amount. Each Unit is comprised of one Offered Share and one Warrant.

Each Warrant will entitle the holder thereof to purchase one Warrant Share at a price of $0.06 at any time prior to 4:30 p.m. (Vancouver time) on the date that is 24 months from the date of the issuance of the Units. The Corporation has the right (the “Acceleration Right”) to accelerate the expiry date of the Warrants by giving notice to the warrant holders if the Corporation’s common shares have a closing price on the CSE (or such other exchange on which they may be traded at such time) of greater than $0.08 per share for a period of 10 consecutive trading days, In such event, the Warrants will expire on the 30th day after the date on which such notice is given, which notice shall be deemed to have been delivered to the holders three business days after it has been sent by the Corporation to the holders by regular mail.

Private Placement Terms (Highlights):

  • $0.041 per Unit
  • Up to $350,000
  • The Common Shares will be listed on the CSE under symbol HEY.
  • No prospectus will be filed with any securities regulatory authority to qualify the Common Shares for distribution to the public.
  • Securities issued pursuant to the Offering shall be subject to a four-month hold period commencing on the Closing Date (as defined below) under applicable Canadian securities laws.

For experienced retail investors, this deal equates to “ground floor” opportunity. It can also often translate into a real-world, high-value investment. HeyBryan Media Inc. has already positioned itself as an established operator and major player in the peer-to-peer app sector and is reaching out to new investors who are looking for real value and opportunity in this exploding marketplace.

HeyBryan Media’s DealRoom financing provides access to a publicly-listed company in game-changing industry, an experienced management team, and…at a very attractive valuation.

The Stockhouse DealRoom: your destination to participate in exclusive financings, featuring some of the most innovative companies and best deals currently available on the market.

To sign up below and to receive materials related to participating in the current financing, click here:

(Click image to play video)

FULL DISCLOSURE: HeyBryan Media Inc. is a paid client of Stockhouse Publishing Ltd. (Stockhouse). Stockhouse is not registered as a broker, dealer, exempt market dealer, or any other registrant in any securities regulatory jurisdiction and will not be performing any registerable activity as defined by the applicable regulatory bodies. This deal room is for informational purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees, and expenses. The information contained in this deal room is selective and does not purport to contain all the information relating to HeyBryan Media Inc. In all cases, parties should conduct their own investigation and due diligence, not rely solely on the data provided herein and are encouraged to consult with a financial adviser, lawyer, accountant, and any other professional that can help to understand and assess the risks associated with any investment opportunity.

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