Is The $1 Billion, One-Person Business Around The Corner? This Freelance Platform, Which Just Raised $50 Million, Is Betting On A Bold Future For Solopreneurs

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In the latest sign of the explosive growth of one-person businesses, Collective, an AI-powered back-office platform for solopreneurs, just raised $50 million in funding.

Collective plans to create additional AI tools as it scales up, according to Radfar. “It’s unbelievable how good some of this stuff is,” says Radfar. “It’s going to change the game for us and our members.”has remained high since the pandemic, with 436,048 applications submitted in May 2023 alone in the U.S.

“This not only helps us make our platform better to serve our members but also gives us a lens to see the future for how our members themselves can create value for their customers,” he says. “It may seem like science fiction but a smart business owner could rely on a workforce primarily made up of different AI-driven applications and maybe some contractors—and create tremendous value,” says Radfar. James Taylor, a global speaker on creativity, has described the trend toward this type of human + machine collaboration as “super creativity,” and has predicted it will transform the world of work in the future.

 

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