We believe that the gig economy is here to stay and that it calls for a new approach to freelancer benefits. Today, startup employees get options and perks, while freelancers get nothing. We want to change that.
Active freelancers in the Gigster network should share in the success of the projects they help build. We want to recognize their contributions to both client and platform success in a way that fairly aligns everyone.
Eligible freelancers in our network can receive a portion of Gigster's returns from Gigster Fund in the form of discretionary bonuses. This allows our freelancers to receive tangible rewards for their hard work building incredible software.
The most promising 1-2% of client companies are offered an opportunity to participate in Gigster Fund.* Selected companies receive fundraising assistance, VIP treatment, an expedited build process, and access to the Gigster founder and investor networks for strategic advice and product feedback.
Gigster Fund is sponsored and managed exclusively by AngelList Advisors.
Gigster Fund invests in top Gigster clients. The Fund is managed by AngelList Advisors, LLC, which has assigned Gigster a portion of its profit interest in the Fund in exchange for diligence services provided to AngelList. The Fund has already selected its investors and is not accepting new investors at this time.
There’s no guarantee that Gigster Fund will produce any returns. Although some startup companies yield extraordinary financial returns, many fail.
Gigsters may be eligible to receive discretionary bonuses if they are actively working on at least 1 project during the deployment period of the Fund.
Gigsters eligible to earn a bonus will generally receive an amount corresponding to their level of activity on the platform during the deployment period of the Fund, as determined by Gigster. For example, if there were 100 Gigsters on the platform during the deployment period of the Fund, each working on 1 project for 1 month, then each Gigster would be eligible to receive 1/100th of its returns. All bonuses are subject to the discretion of Gigster.
No. Gigsters do not own equity in Gigster Fund companies or hold any interest in the Gigster Fund itself. Direct equity ownership or indirect ownership has complex tax and legal implications.
If Gigster receives returns from Gigster Fund, Gigster will determine whether to pay bonuses and will contact each freelancer receiving a bonus to coordinate payment. There is no guarantee Gigster will receive returns or allocate any discretionary bonuses.
AngelList Advisors, LLC selects companies in which Gigster Fund invests. Companies are eligible if they have an active project with Gigster, the founders are full time, intend to turn their project into a business, aim to grow this business substantially over time, and are solving a real problem for their customers. Every month a selection committee at Gigster works with founding teams to learn more about their projects and provides AngelList with a short list of eligible companies. Some of these companies are then made an offer to join the fund.
No, we are not able to do work in exchange for equity.
No, Gigster Fund does not accept applications at this time. Eligible clients will be contacted directly for Fund participation.