Hacker News new | ask | show | jobs
by andruby 3682 days ago
> If Gigster's equity stake was 20% in a company that exited for $100 million.

Gigster's stake is 20M. They share 1% with freelancers, which is 200K. You get 1/500th of this = $400. Amazingly generous!

1 comments

How could they possibly get 20% of a company?
My guess: the type of company that would outsource development to Gigster is the type of company that would give up 20% of equity.

Or: the example scenario is too generous, which means a more probable payout would be even lower.

Yes. This is what I was thinking. What are they really giving to companies to deserve that kind of share?

AI engine or not, the only metric that matters are success stories.

Without it, all of these numbers are meaningless.