Eddie Lou is the CEO and Co-Founder of Shiftgig, a mobile, two-sided labor marketplace connecting large venues in the service and hospitality industries with locally available and previously vetted hourly workers. Shiftgig is one of the leaders in the gig economy, acting as a technology bridge connecting millions of workers with millions of shifts.
Shiftgig has raised $35M in venture funding from many local VCs including Chicago Ventures, Pritzker Group Venture Capital, and Corazon Capital.
Before founding Shiftgig, Eddie was a general partner with OCA Ventures, where he invested in software, consumer internet, and business services companies.
In This Episode You Will Learn:
Why Eddie started Shiftgig after being a venture capitalist for many years
Who are the people working in the gig economy
What have been their most interesting gigs
How they got their first customers
How they pivoted away from their social network idea
How they dealt with a business model that wasn't working and struggling to raise capital
Eddie’s keys to building a two-sided marketplace
What he’s learned as a VC that has benefited him as an entrepreneur
Why he would like more series B investors in Chicago
Why he would like to see more risk taking from executives
Why Shiftgig acquired BookedOut
What's the future of the gig economy
What's next for Shiftgig
Why you shouldn't be afraid to talk about your idea
What's the best way to reach out and cultivate potential mentors
A Few of Eddie's Favorite Books:
The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries
The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance
Avocado