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It's interesting to see investors continue to pour lots of money into startups that classify their workers as independent contractors even though the risks of d
by 7Figures2Commas 12y ago
It's interesting to see investors continue to pour lots of money into startups that classify their workers as independent contractors even though the risks of doing so are clear, immediate and growing[1][2]. The lines between employee and independent contractor are somewhat blurred in some cases, but given how important the cost shifting is to the economic viability of many of these companies, a lot of these investments are damn near binary. That's fine when you're investing a few hundred thousand or even a few million but not at all necessary in today's market when you're investing $40 million.
In this case, it's also somewhat ironic that Kleiner Perkins is the lead investor.
[1] http://www.latimes.com/business/technology/la-fi-tn-uber-lyft-class-action-2015-03-12-story.html http://www.latimes.com/business/technology/la-fi-tn-uber-lyf...
[2] http://time.com/3748438/instacart-lawsuit/ http://time.com/3748438/instacart-lawsuit/
- deleted 12y ago[deleted]
- andy318 12y agoYup. The new bus service in SF - http://rideleap.com http://rideleap.com - classifies the bus drivers as independents. From their ToS (excuse the all caps) https://app.leaptransit.com/webterms https://app.leaptransit.com/webterms - LEAP DOES NOT PROVIDE TRANSPORTATION SERVICES, AND LEAP IS NOT A TRANSPORTATION CARRIER. IT IS UP TO THE DRIVER OR VEHICLE OPERATOR TO OFFER TRANSPORTATION SERVICES WHICH MAY BE ARRANGED THROUGH USE OF THE SERVICES
- 7Figures2Commas 12y agoHilarious. That's like United saying, "We aren't an airline. It's up to the pilot to offer a flight which may be arranged through united.com."