Marketplace Toptal

marketplace-toptal-picture

Toptal (website) is a global remote company offering a platform generating platform that connects companies with software engineers, designers, and business consultants. No headquarters.  

The company was founded in 2010 by Taso Du Val Breanden Beneschott. Wall was an engineer in photography and slide dot com, but Benzato graduated from Princeton University. The name means “the first-class talent,” originally a virtual company with no dedicated office.

When Benshot graduated from Princeton University, Toptal’s revenues exceeded $ 1 million. The co-founder moved from Hungary to Budapest and visited a software developer with fewer jobs than the United States.  

To remotely screen engineering candidates, the company develops personality, language, and skill tests and is recognized by the first 3% of thousands of candidates each month.  

The company is suited to developers and businesses over a network and organizes brokers for each job. It was expanded in 2015 to include the native design. In 2016, we acquired Skillbridge, a freelance platform that provides freelance accounting, statistics, market research, financial modeling, and diligent consultants. The company launched a vertical business in 2017 for software engineers and designers in the automotive industry. In February 2018, we launched a vertical field for blockchain engineers.  

Toptal.com received $1.4 million in seed funding, including Andreessen Horowitz and Quora founder Adam D’Angelo. Since it has already made a profit, there has been no funding from the financing round. Annual revenues in 2015 and 2016 were $ 80 million and $100 million, respectively.  

How Toptal works  

Unlike other freelance marketplaces, Toptal’s team personally helps you find the best freelancer for your business needs. Toptal (Wikipedia) can only take a week after undergoing the rigorous interview process for the best freelancers in the world to join their platform. The value of freelance talent on this platform is their biggest divider. When you sign up, all you need to do is fill out a general survey, which takes less than two minutes. This helps Toptal to better understand the needs of your project. Once you sign up, you will become an expert who will better communicate with you to understand the requirements of your project. This step helps the Total team understand how big and complex your project will be.

The Total team will find a freelancer who fits your needs. You will be able to sign up to introduce candidates within 24 hours, and 90% of companies will introduce them to Toptal first.  

Screening process  

What sets TopTal apart from other freelance marketplaces is that it is a rigorous screening process that accepts only 3% of all applicants. The reason behind their rigorous screening and interviewing is to weed out low-quality freelancers who do not have enough experience. Toptal’s screening process has 5 steps and only experienced and expert freelancers who are serious about their work can successfully complete it.

The Olymp Trade platform can be accessed in 3 ways. The first is the web version so that you can access it through the main website. Second, there are desktop applications for both Windows and Mac. This app has some additional features that you will not find in the web version. Then there is Olymp Trade’s Android and Apple mobile apps. The first step is to test the communication skills and personality of all about the process. The applicant must be able to communicate very well in English. They also check what the applicant is actually interested in and whether they are fully engaged in the work they do.

Only 26.4% of applicants passed this step.  

The Olymp Trade platform can be accessed in 3 ways. The first is the web version so that you can access it through the main website. Second, there are desktop applications for both Windows and Mac. This app has some additional features that you will not find in the web version. Then there is Olymp Trade’s Android and Apple mobile apps. The second step is an in-depth skills review to weed out any low-quality freelancers who are not exceptional in their work. This step tests the applicant’s problem-solving ability and intelligence. The applicant has to complete various assignments to prove his / her skills.  

Only 7.4% of applicants passed this step.  

The Olymp Trade platform can be accessed in 3 ways. The first is the web version so that you can access it through the main website. Second, there are desktop applications for both Windows and Mac. This app has some additional features that you will not find in the web version. Then there is Olymp Trade’s Android and Apple mobile apps. The third step is to be the applicant where live screening is performed by an expert. The move is more like an interview with an expert in the primary domain of the applicant.  

Only 3.6% of applicants passed this step.  

This fourth step employs the applicant in a test project that simulates real-world situations and tests their ability to solve real-world problems. Only 3.2% of applicants passed this step.   The Olymp Trade platform can be accessed in 3 ways. The first is the web version so that you can access it through the main website. Second, there are desktop applications for both Windows and Mac. This app has some additional features that you will not find in the web version. Then there is Olymp Trade’s Android and Apple mobile apps. The last step is an ongoing test of continued excellence. Toptal does not take lightly low quality work and poor communication. This move ensures that only the best of the best freelancers are on the network.  

Only 3.0% of applicants have passed this step and are allowed to become freelancers on the Toptal network.

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