The dynamics of marketplaces lean towards ‘winner take most’ outcomes, where one or more entrants capture a significant portion of available supply and demand. As they grow larger and more efficient rarely do they decrease their take rate -- in fact, they may often *increase* it for a variety of reasons, pulling value towards the center versus distributing it to participants.
Braintrust is a marketplace that intends to do the opposite, and its participants are responding with enthusiasm. Enterprise clients have access to a wide variety of motivated technical talent and the people doing the work capture the rewards, as Braintrust works to minimize - not maximize - their fees and push enterprise value to a blockchain token infrastructure.
We’re thrilled to see new investors join the cap table to the tune of an $18 million raise. While the company actually attained profitability on its seed round, there is more work to do and this capital will help ensure that Braintrust accelerates its mission of being the best marketplace for talent.