Recent news out of California sets precedent for the relationship between industry giants like Uber and Instacart, and the workers that make their business models possible. Read on to see how this impacts the startups you invest in.
Dear Angel Investor,
The gig economy is booming and it doesn't just affect the food (DoorDash) and groceries (Instacart) being delivered to your door or your ability to get around more freely (Uber, Lyft)...
It affects the startups you invest in.
You see, many startups rely on this alternative workforce of freelance workers to take on projects or "gigs."
Anything from website design and development to advisors and tech support.
But they don't just rely on them to get work done, many of them build their entire business model around the speed and scalability offered by freelance workers.
Today we're taking a look at Proposition 22 in California and what it means for the startup community.
Click here to continue reading.
P.S. The replay of my presentation where I break down our latest $125K in a Mark Cuban-backed company is still up but won't be for much longer. Click here to watch it while you still can.
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