In Q2 of this year, 11.5 million people answered this question by quitting their jobs. Next to retail, business services saw the biggest exodus of talent to freelancing, which is projected to be over half of the workforce by 2030. Today, leaving a corporate job means leaving your corporate paycheck and benefits, a risky move when only 5% of freelancers make over $100k a year. Freelance as a viable and lucrative career has been out of reach for most, but in the words of Vice President Harris: “I often say that the ability we should all have is to see what can be, unburdened by what has been.”
Today, we’re thrilled to announce Wethos’ new $8M round of funding led by Third Prime with participation from new investors Javelin, Full Circle, F7 Ventures, Clocktower, and Revolution’s Rise of the Rest Seed Fund, as well as continued support from Laconia, Valuestream, and many others. We’re also excited to add Wes Barton from Third Prime and Vivian Cheng from Javelin to our board alongside existing board member Dion Ridley, Engineering Leader at Netflix Studios. This fresh injection of capital follows 100x growth since we launched with just 100 studios less than a year ago. We proudly power nearly 10,000 virtual studios, which have won over $54M in projects by leveraging Wethos’ tools.