Rob Biederman explains the take rate and fee distribution model of HourlyNerd's marketplace for freelance business talent.
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“Every project is variable, but typically between 80 and 85% goes to the to the consultant.”
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More from Rob Biederman
AssertionNot checkable as stated
Bain and McKinsey forced clients into multi-million dollar bundled teams
“We hired Bain and McKinsey a bunch to help us with, ah, on-demand expertise, but the problem we found when we hired them was that they were so large and so bundled that we had to get a team of seven that would cost a few million dollars, and we rarely had need…”
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Insight
Biederman: Founder equity vesting is mandatory to prevent dead equity
“I'd say that's the, that's mandatory. There's no good reason not to have vesting equity for founders.”
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AssertionNot checkable as stated
Biederman: General Electric is one of HourlyNerd's largest customers
“GE, General Electric, is one of our largest customers.”
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AssertionNot checkable as stated
Biederman: HourlyNerd projects average $25,000 to $30,000
“The projects now are about 25, 30,000 dollars on average.”
Rob BiedermanJun 11, 2016▶ 2:54He Was 26 And Gave Up a $400k+ Salary for HourlyNerd.com, EP 276: Rob Biederman
AssertionNot checkable as stated
Biederman gave up $400k to $600k in PE compensation for HourlyNerd
“It was probably going to be sort of between four and 600,000.”
Rob BiedermanJun 11, 2016▶ 6:15He Was 26 And Gave Up a $400k+ Salary for HourlyNerd.com, EP 276: Rob Biederman
AssertionNot checkable as stated
HourlyNerd has worked with 5,000 customers and 21,000 consultants
“We worked with about 5000 customers and we haven't got 21,000 nerds.”
Rob BiedermanJun 11, 2016▶ 9:12He Was 26 And Gave Up a $400k+ Salary for HourlyNerd.com, EP 276: Rob Biederman
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