11–20 of 42 posts
Can't see freelancers retiring on a miniscule % of a muslim dating app.
You'd think with all the quality devs being purported that there'd have to be something of quality in there although the portfolio so far is YAWN!
It looks like Gigster will invest (money, time?) in some companies from a predetermined fund, not Gigster itself. In turn, they will share 1% of their fund equity with all Gigster developers who were active at the time, paying out when a fund company or Gigster liquidity event occurs. They will allocate rights to returns to active Gigster developers over a 1 to 5 year period. It looks like, as a Gigster developer, yo…
That would make it 0.00002
> Gigster's equity stake was 20% in a company that exited for $100 million, you'd receive maybe $40,000
So $400 not 40K. Even a 1 billion exit would only net you 4k, assuming your interpretation is correct.
It looks like Gigster will invest (money, time?) in some companies from a predetermined fund, not Gigster itself. In turn, they will share 1% of their fund equity with all Gigster developers who were active at the time, paying out when a fund company or Gigster liquidity event occurs. They will allocate rights to returns to active Gigster developers over a 1 to 5 year period. It looks like, as a Gigster developer, yo…
Gigster's stake is 20M. They share 1% with freelancers, which is 200K. You get 1/500th of this = $400. Amazingly generous!
It looks like Gigster will invest (money, time?) in some companies from a predetermined fund, not Gigster itself. In turn, they will share 1% of their fund equity with all Gigster developers who were active at the time, paying out when a fund company or Gigster liquidity event occurs. They will allocate rights to returns to active Gigster developers over a 1 to 5 year period. It looks like, as a Gigster developer, yo…
> 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!
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…
If you're a freelancer asking for equity, you'll give up some of your payment. Gigster is not saying AFAIK: we cut some of your pay in exchange for some equity.
Again, AFAIK, Gigster is clearly saying: The more you make customers happy and engaged in your gigs, the more you will earn equity from companies of the Gigster Fund.
(I speak as a Gigster which was also using Upwork before, so I'm biased but I believe in Gigster and I am happy to tell people about it.)
It looks like Gigster will invest (money, time?) in some companies from a predetermined fund, not Gigster itself. In turn, they will share 1% of their fund equity with all Gigster developers who were active at the time, paying out when a fund company or Gigster liquidity event occurs. They will allocate rights to returns to active Gigster developers over a 1 to 5 year period. It looks like, as a Gigster developer, yo…
> 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!
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…
FYI, Gigster is absolutely not Upwork or Upwork-like, this is amusing misconception that all people have about Gigster. If you're a freelancer asking for equity, you'll give up some of your payment. Gigster is not saying AFAIK: we cut some of your pay in exchange for some equity. Again, AFAIK, Gigster is clearly saying: The more you make customers happy and engaged in your gigs, the more you will earn equity from com…
"Talent pedigree - 1%", "Hire All- Stars", "Marquee Investors"
That aside, I'm not really interested in more hand-holding-as-a-service, this time aimed at us consulting developers.
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…
FYI, Gigster is absolutely not Upwork or Upwork-like, this is amusing misconception that all people have about Gigster. If you're a freelancer asking for equity, you'll give up some of your payment. Gigster is not saying AFAIK: we cut some of your pay in exchange for some equity. Again, AFAIK, Gigster is clearly saying: The more you make customers happy and engaged in your gigs, the more you will earn equity from com…