Studies say that upwards of 50 percent of freelancers are paid
late or not at all. Unfortunately, the most successful freelancers today aren’t
necessarily the best at their chosen trade — they are the people who excel
at negotiating with clients and structuring payments.

Bonsai is a company launching out of our Winter 2016 class that takes care of those day-to-day business matters so freelancers can go back to focusing on more important things.

TechCrunch’s Anna Escher wrote about Bonsai in a story published this week:

“Bonsai, part
of Y Combinator’s Winter 2016 batch, has created a tool designed to
guide freelancers through contract creation and invoicing. The
two-person company bills itself as a system that takes care of contract
creation, invoicing and payment processing for white-collar freelancers,
or anyone who does contract work from behind a computer.

…There are plenty of invoicing systems and marketplaces for
freelancers out there, but what sets Bonsai’s tool apart is the element
of guidance and the simplified nature of its service. It’s also worth
noting that Bonsai allows freelancers to get paid by ACH, which isn’t
available in many other freelancer payment tools and results in much
lower fees for high-earning freelancers.

With today’s digital economy allowing for the career flexibility that
freelancers crave, the company hopes to serve more and more people as
freelancing becomes a more viable choice for professionals.”

Read the full story on TechCrunch here.