Socialance launches free competitor to the Elance brigade – Get an invite here
Socialance tries to look after its members by dividing projects into milestones which have to be funded (one at a time) and the money is kept in escrow, so they (with any luck) get paid if they deliver what the employer asked – although admittedly most other competitors offer this service. A “news feed”-like experience has that familiar social network feel to it.
Another difference with its competitors is that the site is completely free and will take no % of each project.
For a one-man band startup it’s not a bad effort, and the attraction of free may well help it get some traction.