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> 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
by andruby 10y 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!
- PeterProlific 10y agoHow could they possibly get 20% of a company?
- gk1 10y agoMy 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.
- PeterProlific 10y agoYes. 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.
- deleted 10y ago[deleted]