Machineparty
a social network for industry, a fintech for float
- Stage Prototype Ready
- Industry Fintech
- Location San Francisco, CA, US
- Currency USD
- Founded September 2014
- Employees 10
- Website machineparty.com
Company Summary
Machineparty is a B2B network marketplace for industry. Machineparty is Twitter for industry or Thumbtack for industry. It is a buyer driven marketplace. When a buyer needs a part or material, Machineparty gives them the ability to broadcast it with tags. On Machineparty, a buyer composes a “Meep”, the Machineparty Tweet. This is an inquiry, or an RFQ. Sellers can then filter the Meeps by tags.
This is a fundamental shift in the workflow of inquiries and quotations. Inquiries begin the workflow of industry:
Inquiry > Quotation > Purchase Order > Manufacturing > Delivery > Invoice > Float
After 60 days of direct marketing in Tulsa OK and New Delhi, the results were:
$5million worth of buyer Meeps on Machineparty
The average meep value was $30k
283 signups
40+ buyers users, including Tata Steel, Tata Motors, Autocrane, Citadel Industries, and other companies that spend millions on parts and materials.
240+ sellers.
Team
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