Wilner: Compass designers typically earn $40 to $60 per hour
Mike Wilner · EP 352: Marketplace Takes 40% To Create High End Websites At Little Cost · Jul 11, 2016 · at 5:30
Mike Wilner, co-founder and CEO of web design marketplace Compass, explains designer unit economics to host Nathan Latka.
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“We typically see 40 to 60 dollars an hour, even for these price points that we have, because we're taking all of the client management overhead out of the equation for them.”
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Wilner claims 98 percent of Wix users fail to finish building sites.
“98% of people that start building sites on Wix actually fail to complete them, which is a pretty they're a volume play, right?”
Compass takes a 40% cut on all marketplace transactions
“So we take a 40% cut on everything that comes through our marketplace.”
Wilner argues managing human expectations is harder than building marketplace technology.
“The technology is actually the easier part. The really hard part is just managing humans and expectations and all of those softer things that go into making a marketplace like this work.”
Compass reported approximately 30 percent month-over-month revenue growth in 2016.
“So we've been growing like 30% month over month.”
Wilner advises founders to study elite athletes rather than peak-success CEOs.
“I actually don't like following CEOs that much cause it just makes you feel bad usually cause the CEOs you follow are generally like at some peak of success. I like following athletes more and like thinking about their habits. So really looking at Steph Curry …”