Exploring Collective: The Future of Work Start-Up that Revolutionized Back-Office Solutions
About Collective
Collective is an innovative start-up catering to the unique financial needs of self-employed business owners. The company provides a comprehensive suite of back-office solutions, including accounting support, company formation, bookkeeping services, and various resources critical for launching and growing a small business. Collective's groundbreaking approach to supporting the self-employed sector of the workforce has positioned it as a vital ally to both emerging and established entrepreneurs.
About Collective's PitchDeck
Collective's Pitchdeck, designed for the Seed Funding round in 2020, neatly presented its ingenious strategy for aiding self-employed professionals. The startup's central proposition hinged on the formation of S Corps to ensure outstanding tax-savings for its clients. By helping entrepreneurs structure their businesses more effectively, Collective empowers them to achieve substantial tax savings - an endeavor high on every business owner's list.
Why did investors believe in Collective?
Investors, including the esteemed General Catalyst, saw considerable promise in Collective's unique approach to supporting the self-employed demographic. The start-up's commitment to not only provide essential back-office services but also facilitate massive tax savings through strategic business structuring, resonated strongly with investors. Collective's vision for the future of work and its proven ability to ease the financial complexities faced by solo-preneurs made it a compelling candidate for its $8.65 million Seed round funding, without even needing a pitch deck.
