Active freelancers in the Gigster network should share in the success of the projects they help build. This pledge is a starting point to recognize their contributions to both client and platform success in a way that fairly aligns everyone.
We believe that the gig economy is here to stay and that it calls for a new approach to freelancer financial planning. Today, startup employees get options, private sector employees build a 401k, government employees earn a pension, and freelancers get nothing. We want to change that.
Freelancers in our network earn a portion of the value of Gigster and the returns from select Fund companies, determined by their level of engagement. This allows our freelancers to receive tangible rewards for their hard work building incredible software, and helps them prepare for the future.
We offer the most promising 1-2% of client companies 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.
AdHawk is the easiest way to manage digital advertising across channels like Google AdWords and Facebook Ads.
Clear Ear offers unique and effective ear cleaning solutions for consumers, dedicated to making ears happier.
Ishqr is a personality-focused platform for millennial Muslims to connect.
Gigsters are eligible to earn returns from companies that join the Fund in months that they are working on at least 1 project.
Gigsters earn a weighted percentage of Fund returns for companies that join the Fund in a given month proportional to their level of activity on the platform that month, as determined by Gigster. For example, if there were 100 Gigsters on the platform in a certain month, each working on 1 project, then each Gigster would receive 1/100th of the returns paid out to Gigsters from companies that joined the fund during that month.
No. Direct equity ownership or indirect ownership through a limited partnership has complex tax and legal implications. In the United States, for example, Gigsters would be required by law to be accredited investors.
The right to future returns from the 1% equity that we have pledged will be allocated to active Gigsters over a 1-5 year period starting on the date of the fund launch. We aim to increase the amount of equity pledged over time as our network grows. Gigsters will earn a weighted percentage of the equity returns monthly proportional to their level of activity on the platform that month. For example, if there were 100 Gigsters on the platform in a certain month, each working on 1 project, then each Gigster would receive 1/100th of the equity returns allocated to Gigsters during that month.
No. Direct equity ownership or indirect ownership through a limited partnership has complex tax & legal implications, and the SEC limits the number of shareholders a corporation may have which would make direct ownership impossible after a certain number of freelancers.
No. Although some startup companies yield extraordinary financial returns, many fail.
Upon a Fund company liquidity event, or Gigster’s liquidity event, Gigster will contact each eligible freelancer to coordinate payment of their return.
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 makes a short list of eligible companies and works with the founding teams to learn more about their projects. Some percentage 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, at this time we do not accept applications. We will reach out to eligible client companies if interested.
Yes. We may iterate on Gigster Fund’s structure if we develop a better approach to align our clients and freelancers.