MyTask was a peer-to-peer marketplace in New Zealand that ceased operations in 2020. It was founded by an entrepreneur who had previously founded a similar marketplace called Kwota . MyTask was backed by Yellow Pages at a valuation of $6 million and 50% equity sharing.
MyTask performed well in its first year, acquiring approximately 50,000 users. However, it stopped marketing as the COVID-19 pandemic began in early 2020. It continued to operate, but in late 2020, it suddenly stopped performing. Its website and app stopped working, and the company went silent.
There are a few possible explanations for MyTask's failure. One possibility is that giving away 50% of its equity led to management issues. Another possibility is that the company spent too much money on marketing and not enough on developing its product. The website was reportedly basic and lacked good content, and the company did not introduce many new features during its two years of operation.
Whatever the reason for its failure, MyTask's demise is a reminder of the challenges faced by startups in the peer-to-peer marketplace space. It is important for these companies, including Ezy Peazy, to have a strong product and a clear plan for monetisation in order to be successful.
Ezy Peazy became a major competitor & alternative to MyTask NZ as both are marketplaces that allow you to outsource the jobs that you are not confident with or do not feel like doing.
Ezy Peazy has a web & mobile app similar to the MyTask app in NZ and enables you to post your task for free. Posted tasks are visible to interested workers AKA Taskers who have the required skills & time and are keen to help you. Taskers express their interest by making an offer on your task. You are free to check their profile and past reviews to make your choice.
Like My Task NZ, once you choose the right tasker for your job, you assign it. Your payment is held securely with Ezy Peazy & released only once the job is done satisfactorily.
Ezy Peazy uses a leading third-party payment provider with the best quality security measures in place to allow us to keep your credentials secure and safe.
Ezy Peazy became better than My Task because we are not just a marketplace but rather a community-oriented initiative. We strongly feel that our community needs an easy to use platform for daily chores to spend our time on more productive & fulfilling things in our lives. We continuously work behind the scenes to make it even more user-friendly and become a most valuable asset to our fellow kiwis with the motive of perfection.
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