Discussion
H
Ted Power
@tedp · Co-founder, Abacus
Hi! I'm a co-founder of Abacus, and would love any questions or feedback about what we're building
upvotesharetweet・
💖
Ryan Hoover
@rrhoover · Founder, Product Hunt
Thanks for jumping in, @tedp. Me (and everyone else) hates expense reports. I once had 6 months of receipts backed up so I had someone from TaskRabbit do it for me. I know, very lame but it was worth the money.
Why are you working on Abacus? I know it's a broad question but I love hearing entrepreneurs' answer to this.
hey @rrhoover glad to hear we're working on a problem you've experienced —
We're working on Abacus because a lot of our friends run small businesses / organizations and we wanted to make better tools for them. @omarqari and I used to work at Foursquare where we brought in a few small businesses every week for research, and headaches around managing expense… See more
Also, with Abacus you shouldn't need a taskrabbit — creating an expense takes ~10 seconds, and then you can throw away the receipt. We encourage people to submit each expense the day it occurs, so you don't wind up with the shoebox full of paperwork. You might even get paid back before you get home, with our fast ACH processing times (we handle the reimburse… See more
💖
Ryan Hoover
@rrhoover · Founder, Product Hunt
Yeah, TaskRabbit certainly isn't ideal. :)
@tedp - There are several apps in this market (Expensify, Lemon, and dozens of others). How are you standing out in the market and acquiring users?