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by gk1
3680 days ago
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As a freelancer (consultant), no thanks. This looks like yet another platform that commoditizes freelancers (think Upwork). The belittling name "gigster" doesn't help. If you're a freelancer/consultant who wants equity, ask for it. Some companies are willing to give non-qualified options (the only choice, really) after you've built up a relationship and if you're making a significant contribution to the company. Also, I've read the page top-to-bottom and still not fully clear on what's happening here. Highly suggest running this by non-insiders and rephrasing the messaging until it's easier to understand. |
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What's needed is a collaborative investment management platform for freelancers. For example. twenty freelancers could make an agreement pursuant to which they each (a) reasonably demand equity alongside pay for their work, (b) contribute all equity they earn in exchange for services to a fund co-controlled by the others and (c) share in the fund either equally or proportionally to their contributions/the performance of their contributions (e.g. contributor gets 20% and the remaining 19 split the 80%). This is a healthier financial structure than having bigger, but more concentrated, stakes ceteris paribus.