Jessica Perez is CEO and founder of Tycoon, a smartphone app for freelancers to track jobs and make sure they get paid. With over a decade of experience freelance modeling in the fashion industry, Perez has lived through the challenge of juggling multiple jobs, clients, agents and money.
“One of the problems I always struggled with was just knowing how much money I was actually making,” says Perez. “Fashion is an industry that tends to have long payment terms. I created Tycoon to give our population a better method of following up on checks that are owed to us.”
Perez is hardly alone. In a nationwide survey of more than 5,000 freelancers, respondents reported they lost an average of $5,968 in unpaid income in 2014, detracting 13 percent of the average respondent’s annual income. Half of freelancers said they had trouble getting paid in 2014, and 71 percent said they have had trouble collecting payment at some point in their career.Read more »