The alternative interpretation of what you have said is that $16B is actually too low and that Slack is undervalued or at the very least it has a lot of room to grow.
Cofounder here. Really appreciate the discussion and all of the feedback. The spirit of the contract's never been intended to be unreasonably restrictive -- though I totally understand the concern. We wanted to include certain terms since as part of our model, we do own the code written specifically for Gigster projects. We certainly don't want to own code folks write outside of Gigster projects.
We've received very similar feedback recently and were going to do a review of the contract with our lawyers highlighting this specific issue. We'll also consider adding an FAQ around any contract nuances. We care about doing what is fair and while a lot of terms here are standard we'll try to review terms to make our position much clearer. Will share important updates.
Gigster | Fullstack Web | Full-Time | San Francisco, VISA
Come work on the problem of delivering high quality software reliably and at scale. We have hundreds of projects running simultaneously and collect data about all aspects of the software development process with the aim of automating repetitive aspects of sales, project management and software development itself.
The web work is mostly done in javascript -- React & Node. Some other languages & technologies we use: Postgres, Mongo, Flask/Python, Redshift, Angular, Docker, RabbitMQ
The company's business is growing pretty rapidly but the team itself is still pretty small and there's a very clear opportunity to make a big impact.
Multiple developers are common on (mobile) apps that require custom backends and larger projects that need to hit a tight timeline. All projects have more than one person on them and typically at least 3 (dev, pm, designer)
We already do this @ Gigster. Except you don't get hired to be full time employees. You get "hired" to work on short term projects (that you can accept or deny) which is arguably more fun.