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So a lot of the margin that sort of an Upwork might normally take is sort of cut down significantly. And the crypto token is used to sort of incentivize people who might be on the platform as recruiters or employers to help do work to build the network. So they effectively kind of work like a co-op, if that makes sense. Now the interesting thing here is that unlike, say, an Upwork or even an Uber or a DoorDash, the way this works is that Braintrust is a nonprofit. And as you'll see on the graph, that's sort of November numbers, but this is the most updated version of it. They're currently sitting around 37,500 workers, who are using the platform.
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And there are a number of workers has grown tremendously. They have over 474 companies that used their platform, and that includes Fortune 100 companies, such as Goldman Sachs, Nike, Black & Decker, Porsche, Blue Cross Blue Shield, and Nestlé. Their gross sales volume, 2,250% from $1.2 to $28.2 million. And so Braintrust brands itself as a gig marketplace that currently caters mostly to IT workers.Īnd in the last 18 months, they're still somewhat small, but they've seen pretty significant growth. And I kind of wanted to point this out because sort of what they're doing is a part of a larger investing trend that people have talked about called Web3.
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David, what have you got for us?ĭAVID HOLLERITH: Yeah, so the talent network Braintrust announced on Thursday, yesterday, it raised $100 million from investment management firms, Coatue, Tiger Global Management, and others. Video TranscriptĪLEXIS CHRISTOFOROUS: Yahoo Finance's David Hollerith is here with a story about a new freelance platform that's looking to unseat older gig marketplaces like Upwork and Fiverr. Yahoo Finance's David Hollerith details a recent round of fundraising for Braintrust, a blockchain-powered freelancer marketplace that connects tech experts with clients.