Elance is a crowdsourcing platform that aims to help skilled freelancers reach international markets through affordable costs, risk-free escrow accounts, and tools to build resumes and portfolios. Some advantages include free communication tools, expert feedback, and an archive of project interactions. However, there are also disadvantages like potential for idea theft, lack of confidentiality, popularity not guaranteeing talent, and unclear company image for consumers. In conclusion, while it can be a good starting place, the platform is not as professional as originally intended.