{
 "sym": "Fx",
 "updated": "2026-08-06",
 "verdict": "Your own network still wins, and the data is embarrassing for the platforms: 92% of fractional operators say personal networks are how they get clients, 54% LinkedIn, and only 29% platforms (Go Fractional, n=213, Apr 2026) \u2014 the UK study finds the same shape, ~75% personal networks and two-thirds of engagements referred (VCMO, Jan 2026, n=180). Work the referral route first: investors, ex-colleagues, and operator communities cost nothing and carry a real quality signal. When the rolodex runs out, Go Fractional is the best startup-native marketplace (15,000+ vetted operators, first interview in 3 days, no deposit, and the only live rate benchmark anyone publishes). Toptal when you need enterprise-grade vetting and an SLA and can eat the markup; Fractional Jobs when you want a flat fee and zero markup on the operator's rate; TechCXO and the firm route when you'd rather buy a bench with a firm standing behind it than bet on one person.",
 "top5": [
  {
   "rank": 1,
   "name": "Warm referral network",
   "maker": "your cap table, ex-colleagues, and operator communities (Pavilion, Chief of Staff Network, Chief, accelerator alumni)",
   "url": "https://www.gofractional.com/insights/lifecycle",
   "docs": "https://cdn.prod.website-files.com/692048469e90df56525d45f9/69d7d7475e7b76e46d17420b_State%20of%20UK%20Fractional%20Leadership%202026_VCMO.pdf",
   "pricing": "Free \u00b7 costs you warm intros and typically 2\u20134 weeks of asking \u00b7 no placement fee, no markup, equity fully negotiable",
   "best_for": "Any founder with investors, an accelerator batch, or five years of colleagues \u2014 the highest-signal, zero-fee route, and the one the supply side actually uses.",
   "why": "This isn't a soft preference, it's where the market clears: 92% of fractional professionals name personal networks as their client-acquisition channel versus 29% for platforms (Go Fractional, Apr 2026, n=213), and the UK's independent survey lands identically \u2014 ~75% personal networks, roughly two-thirds of engagements arriving by referral (VCMO, Jan 2026, n=180). Vendux's sales-leader data says 74% of assignments are self-sourced against 19% via marketplaces. The corollary matters for you as a buyer: 90% of fractional operators call client acquisition their #1 problem, which means good ones answer warm intros fast and cheap.",
   "watch": "Capped by your rolodex, and it silently reproduces it \u2014 the fractional population skews heavily white and 15+ years tenured (72.8% with 15+ years, Vendux), so referral-only sourcing narrows the pool further. No SLA, no replacement guarantee, no arbitration if it goes wrong. VCMO's own conclusion is that 'the primary constraint may not be talent availability, but market visibility and matching efficiency' \u2014 i.e. referral markets are informationally inefficient, which cuts both ways on price.",
   "evidence": [
    {
     "stat": "92% personal networks \u00b7 54% LinkedIn \u00b7 29% fractional platforms (Go Fractional State of Fractional Work, survey Apr 2026, n=213, published Jul 23, 2026)",
     "src": "https://www.gofractional.com/insights/lifecycle"
    },
    {
     "stat": "UK: ~75% cite personal networks; ~two-thirds of engagements come by referral (VCMO, fielded Jan 7\u201316, 2026, n=180 of ~1,500 invited)",
     "src": "https://cdn.prod.website-files.com/692048469e90df56525d45f9/69d7d7475e7b76e46d17420b_State%20of%20UK%20Fractional%20Leadership%202026_VCMO.pdf"
    },
    {
     "stat": "90% of fractional operators name client acquisition as their #1 challenge, at every tenure level (Go Fractional, Apr 2026)",
     "src": "https://www.gofractional.com/insights/lifecycle"
    }
   ],
   "tile_note": "92% of hires start here"
  },
  {
   "rank": 2,
   "name": "Go Fractional",
   "maker": "Go Fractional",
   "url": "https://www.gofractional.com",
   "docs": "https://www.gofractional.com/insights",
   "pricing": "Free to post \u00b7 no deposit, month-to-month, free replacement match \u00b7 platform fee not published; you contract with the operator (typ. $150\u2013$220/hr, $4.5k\u2013$12k/mo retainer)",
   "best_for": "Seed-to-Series-B startups that need a named shortlist this week across engineering, finance, marketing, ops, people, product, design, data or legal.",
   "why": "The startup-native default: 15,000+ vetted operators growing ~10% monthly, a first interview guaranteed inside 3 days, 98% claimed match rate and 4.7/5 across 300+ Trustpilot reviews \u2014 with no deposit and no contract lock. It is also the only player publishing live, methodology-disclosed rate benchmarks (126 roles, rolling 90-day job-post and candidate data plus a 213-person survey), which is the difference between negotiating a CTO retainer blind and negotiating against a $219/hr average at ~12 hrs/week.",
   "watch": "The take rate isn't published anywhere on the site \u2014 you learn it in the sales call, which is a real transparency gap for a company selling benchmark transparency. Demand is thin in some functions (only 8 COO posts in a 90-day window vs 61 CFO), so 'marketplace' overstates it outside the top few roles. Its benchmark data is drawn from its own supply pool, so treat the rates as Go Fractional's market, not the market.",
   "evidence": [
    {
     "stat": "15,000+ vetted fractional profiles, growing ~10%/month; first interview in 3 days (Jul 23, 2026)",
     "src": "https://tech.einnews.com/pr_news/928824024/go-fractional-launches-the-first-live-benchmark-report-on-the-fractional-workforce"
    },
    {
     "stat": "Live benchmarks: overall avg $160/hr; CTO $219/hr (~12 hrs/wk, ~$10.5k/mo); CFO $179/hr (~23 hrs/wk); COO $202/hr; CMO $176/hr (~9 hrs/wk, ~$6.3k/mo) \u2014 rolling 90 days, Aug 2026",
     "src": "https://www.gofractional.com/insights/economics"
    },
    {
     "stat": "98% match success \u00b7 4.7/5 Trustpilot across 300+ reviews \u00b7 no deposit, free replacement (Aug 2026)",
     "src": "https://www.gofractional.com/"
    }
   ],
   "tile_note": "3-day match, live benchmarks"
  },
  {
   "rank": 3,
   "name": "Toptal (incl. Graphite)",
   "maker": "Toptal, LLC",
   "url": "https://www.toptal.com",
   "docs": "https://www.toptal.com/finance/fractional-cfo",
   "pricing": "No public rate card \u00b7 markup model (widely reported ~40%) \u00b7 refundable deposit \u00b7 up-to-2-week trial you don't pay for if unsatisfied",
   "best_for": "Funded companies and anyone whose board or procurement wants a vendor of record, an SLA, and someone to call when the fractional CFO ghosts.",
   "why": "The vetting story is the product: fewer than 3% of applicants clear a five-step screen out of ~200,000 annual applications, matches land in about 48 hours (average under 24), and the trial period means a bad first pick costs you nothing. Scale backs it \u2014 35,000+ clients across 140+ countries since 2010 \u2014 and the January 7, 2026 acquisition of Graphite folded in 12,000+ vetted finance, strategy and corporate-function experts, exactly the C-suite bench Toptal was thinnest on.",
   "watch": "The most expensive route here by a wide margin \u2014 an opaque markup on top of already-senior rates, and Toptal publishes no pricing at all. Its DNA is contract engineering, not C-suite judgment; the fractional-executive layer is newly assembled (post-Graphite) and less proven than the developer network. Equity-inclusive deals are awkward when the platform is your counterparty and payments run through it.",
   "evidence": [
    {
     "stat": "<3% of applicants accepted from ~200,000 annual applications; hire in ~48 hours, avg match <24h; up-to-2-week no-charge trial (Aug 2026)",
     "src": "https://www.toptal.com/finance/fractional-cfo"
    },
    {
     "stat": "Acquired Graphite and its 12,000+ vetted independent experts, consultants and executives (Jan 7, 2026)",
     "src": "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite"
    },
    {
     "stat": "35,000+ clients in 140+ countries; fractional CFOs rated 4.9/5 across 631 client reviews (Aug 2026)",
     "src": "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite"
    }
   ],
   "tile_note": "top-3%, 48-hour match"
  },
  {
   "rank": 4,
   "name": "Fractional Jobs",
   "maker": "Fractional Jobs (Taylor Crane)",
   "url": "https://www.fractionaljobs.io",
   "docs": "https://www.fractionaljobs.io/help/how-much-does-fractional-talent-cost-to-hire",
   "pricing": "Job post + intros: free/low-cost self-serve \u00b7 white-glove curated search: $3,000\u2013$5,000 one-time \u00b7 zero markup \u2014 you pay the operator directly",
   "best_for": "Cost-sensitive founders who want a curated shortlist without a permanent tax on the engagement, and who intend to negotiate rate or equity directly.",
   "why": "The only entry in the top five with a published, bounded price and an explicit no-middleman stance: 'You pay them directly... there's no markup on their rates.' The curated search runs $3k\u2013$5k one-time against a 10,000+ (blog says 30,000+) network across 10+ functions, with a claimed 86% hire rate from presented candidates. On a $10k/month CTO retainer, a 20\u201340% platform markup costs $24k\u2013$48k a year; the flat fee pays for itself in the first quarter.",
   "watch": "Operator-scale, not platform-scale \u2014 the founder personally makes the intros, which is the charm and the ceiling. Its own pages disagree on network size (10,000+ on the product page vs 30,000+ in the blog) and the 86% hire rate carries no date or denominator. No trial, no replacement guarantee, no payment rails, no arbitration: once introduced, the relationship and every risk in it is yours.",
   "evidence": [
    {
     "stat": "White-glove curated search $3,000\u2013$5,000 one-time; 86% hire rate from presented candidates (undated, vendor-reported, 2026)",
     "src": "https://www.fractionaljobs.io/blog/the-5-best-platforms-for-companies-hiring-fractional-talent-2026"
    },
    {
     "stat": "\"You pay them directly. We're not a middleman. So there's no markup on their rates.\" (Aug 2026)",
     "src": "https://www.fractionaljobs.io/help/how-much-does-fractional-talent-cost-to-hire"
    },
    {
     "stat": "Vendor rate guide: CFO $200\u2013$400/hr, CTO $200\u2013$300, CMO $200\u2013$250, Head of Sales $200\u2013$300, Head of HR $175\u2013$225; most leaders land $5k\u2013$10k/mo",
     "src": "https://www.fractionaljobs.io/help/how-much-does-fractional-talent-cost-to-hire"
    }
   ],
   "tile_note": "flat fee, zero markup"
  },
  {
   "rank": 5,
   "name": "TechCXO",
   "maker": "TechCXO (partner firm, Atlanta + 12 US regions + London)",
   "url": "https://www.techcxo.com",
   "docs": "https://www.techcxo.com/finance-accounting/fractional-cfo/",
   "pricing": "Not published \u00b7 firm-billed retainers; US market band for a single fractional CxO seat runs ~$8k\u2013$22k/month depending on function and hours",
   "best_for": "Post-Series-A, PE-backed, or transaction-bound companies that need multiple functions covered at once, with a firm \u2014 not a freelancer \u2014 carrying the accountability.",
   "why": "The firm route buys you three things a marketplace can't: a bench (245+ partners and professionals across 15+ C-suite roles including CFO, CTO, CRO, CHRO, CISO and CAIO), continuity when your person leaves, and the ability to staff finance + revenue + tech as one integrated team. Depth is real \u2014 7,000+ companies served and $7B in client transaction value \u2014 which is why this route dominates M&A, fundraise and turnaround work. Chief Outsiders is the sharper alternative if the gap is purely go-to-market: 120+ executives, and it hires under 4% of the 1,000+ GTM leaders who apply.",
   "watch": "No published pricing anywhere, so you negotiate blind against a firm that does this daily \u2014 and firm rates carry partner overhead the direct routes don't. Positioning is mid-market and PE, not pre-seed; you will be oversold relative to a two-person startup's needs. 'Fractional executive teams' can quietly become a consulting engagement with a monthly invoice and no equity alignment.",
   "evidence": [
    {
     "stat": "245+ partners and professionals; 15+ fractional C-suite roles; 7,000+ companies served; $7B client transaction value (Aug 2026)",
     "src": "https://www.techcxo.com/"
    },
    {
     "stat": "Chief Outsiders: 120+ executives, hires <4% of the 1,000+ GTM leaders who apply annually; 2,000+ mid-market and PE clients",
     "src": "https://www.chiefoutsiders.com/consultants"
    },
    {
     "stat": "Heidrick: C-suite interim engagements up 151% since 2021 \u2014 the firm/interim channel is where the growth is (2026 High-End Independent Talent Report)",
     "src": "https://www.heidrick.com/en/perspectives/on-demand-talent/2026-talent-report"
    }
   ],
   "tile_note": "a bench, not a person"
  }
 ],
 "matrix": {
  "cols": [
   "Cost model",
   "Vetting",
   "Speed to placement",
   "Function coverage",
   "Equity option",
   "Best stage"
  ],
  "rows": [
   [
    "Warm referral network",
    "Free \u00b7 no markup",
    "Yours (social proof)",
    "2\u20134 weeks, luck-dependent",
    "Whatever your network has",
    "Yes \u2014 direct, fully negotiable",
    "Any \u00b7 pre-seed up"
   ],
   [
    "Go Fractional",
    "Free post \u00b7 fee undisclosed",
    "Pre-screened, 15k pool",
    "3 days to first interview",
    "9 functions, 126 roles",
    "Direct contract \u2014 negotiable",
    "Seed \u2013 Series B"
   ],
   [
    "Toptal (+Graphite)",
    "Markup (~40%) + deposit",
    "Top 3% \u00b7 5-step screen",
    "~48h \u00b7 2-week free trial",
    "Finance, tech, strategy, GTM",
    "Awkward \u2014 platform is payer",
    "Series A+ \u00b7 enterprise"
   ],
   [
    "Fractional Jobs",
    "$3k\u2013$5k flat \u00b7 no markup",
    "Curated by founder",
    "Days\u2013weeks \u00b7 no SLA",
    "10+ functions",
    "Yes \u2014 direct, fully negotiable",
    "Pre-seed \u2013 Series A"
   ],
   [
    "TechCXO",
    "Firm retainer \u00b7 unpublished",
    "Partner-track \u00b7 <4% (CO)",
    "1\u20133 weeks",
    "15+ C-suite roles, bundled",
    "Rare \u2014 firm-billed",
    "Series B+ \u00b7 PE \u00b7 mid-market"
   ],
   [
    "Bolster",
    "$2,500 upfront + 20% markup",
    "Curated, 20k network",
    "5 days to first interview",
    "Every function (CEO-network)",
    "Yes \u2014 search-led offers",
    "Seed \u2013 Series B"
   ],
   [
    "Continuum",
    "Undisclosed markup",
    "Vetted, invite-based",
    "~48 hours to connect",
    "Cross-functional exec",
    "Direct contract \u2014 negotiable",
    "Seed \u2013 Series B"
   ],
   [
    "Business Talent Group (Heidrick)",
    "Enterprise SOW",
    "Heavily curated",
    "Days\u2013weeks",
    "Project leads, consultants, SMEs",
    "No \u2014 cash SOW",
    "Enterprise \u00b7 mid-market"
   ]
  ]
 },
 "rules": [
  {
   "if": "You have investors, an accelerator batch, or ex-colleagues in the function you're missing",
   "then": "Ask them first, this week. 92% of fractional operators get work through personal networks and 90% say pipeline is their hardest problem \u2014 a warm intro from a founder who can pay gets answered same-day, at no fee and with equity on the table."
  },
  {
   "if": "The network is dry, or the function is one you've never hired (CISO, CAIO, RevOps)",
   "then": "Go Fractional \u2014 15,000+ vetted operators, first interview inside 3 days, no deposit, and use its live benchmarks ($219/hr CTO, $179 CFO, $202 COO, $176 CMO) as your negotiating floor before you take any call."
  },
  {
   "if": "A board, an acquirer, or procurement needs a vendor of record and a replacement guarantee",
   "then": "Toptal \u2014 <3% acceptance, ~48h match, a two-week trial you don't pay for. Budget for the markup; it is the price of someone else owning the risk."
  },
  {
   "if": "You're paying out of runway and expect the engagement to run 12+ months",
   "then": "Fractional Jobs or a direct referral. A 20\u201340% platform markup on a $10k/month retainer is $24k\u2013$48k/year; a $3k\u2013$5k one-time search fee is cheaper by the second quarter \u2014 and 42% of independent engagements now run past six months (Heidrick, n=3,810)."
  },
  {
   "if": "You need two or three functions at once, or you're heading into a raise, M&A or turnaround",
   "then": "TechCXO or Chief Outsiders \u2014 buy the bench and the firm's accountability, not one person's calendar. Interim C-suite engagements are up 151% since 2021 for exactly this reason."
  },
  {
   "if": "You want the person invested in the outcome, not the hours",
   "then": "Contract directly (referral or Fractional Jobs) so equity is negotiable, and scope 10\u201315 hrs/week on a 3-month minimum retainer billed upfront \u2014 the structure Go Fractional's own data says holds up best."
  }
 ],
 "field": [
  {
   "name": "Bolster",
   "maker": "Bolster Networks, Inc. (High Alpha; Matt Blumberg)",
   "note": "The VC-adjacent exec marketplace \u2014 20,000+ executives, 350+ placements, 5 days to first interview, $2,500 upfront + 20% markup. Status flag: site footer still reads \u00a9 2025 and the blog's last post is Mar 2025; marketing has drifted toward retained executive search. Still transacting, but no longer setting the pace.",
   "url": "https://www.bolster.com/on-demand-hiring",
   "oss": false,
   "entry": "$2,500 + 20% markup",
   "status": "fading"
  },
  {
   "name": "Continuum",
   "maker": "Continuum (joincontinuum.com)",
   "note": "Raised $12M in 2022 to build 'the fractional executive marketplace'; promises a connect in 48 hours and start 'in hours not weeks'. Site is live and taking applications in Aug 2026, but there is no press, funding or product news after 2022 \u2014 treat as active-but-quiet and ask about current placement volume.",
   "url": "https://www.joincontinuum.com/",
   "oss": false,
   "entry": "undisclosed markup",
   "status": "active"
  },
  {
   "name": "Graphite",
   "maker": "Graphite (formerly SpareHire) \u2192 Toptal",
   "note": "12,000+ vetted independent experts, consultants and executives in finance, strategy and corporate functions. Acquired by Toptal on Jan 7, 2026 \u2014 the biggest consolidation event this category has had.",
   "url": "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite",
   "oss": false,
   "entry": "\u2014 (now Toptal)",
   "status": "acquired"
  },
  {
   "name": "Business Talent Group",
   "maker": "Heidrick & Struggles (acquired Apr 2021)",
   "note": "The enterprise end of on-demand talent \u2014 project leaders, consultants and SMEs, delivered with Atreus (DACH) and Chiefs Group (Brazil). Publishes the best survey data in the category (Talent Lens, n=3,810). Too heavy and too expensive for a startup.",
   "url": "https://www.heidrick.com/en/services/on-demand-talent",
   "oss": false,
   "entry": "enterprise SOW",
   "status": "acquired"
  },
  {
   "name": "Catalant",
   "maker": "Catalant Technologies",
   "note": "10,000+ ex-Fortune-500 and ~8,000 ex-top-tier-consulting independents, avg 19+ years, 700+ client businesses in 20+ countries; 2026 push into 'Forward Deployed Experts' pairing domain experts with AI engineers. Consulting 2.0, not fractional C-suite \u2014 buy projects here, not leadership.",
   "url": "https://catalant.com/",
   "oss": false,
   "entry": "enterprise SOW",
   "status": "active"
  },
  {
   "name": "Chief Outsiders",
   "maker": "Chief Outsiders LLC",
   "note": "The go-to-market firm: 120+ fractional CMOs/CROs, hires <4% of 1,000+ annual applicants, 2,000+ mid-market and PE engagements. Deep but narrow \u2014 marketing and sales leadership only. No published pricing.",
   "url": "https://www.chiefoutsiders.com/consultants",
   "oss": false,
   "entry": "firm retainer (unpublished)",
   "status": "active"
  },
  {
   "name": "Shiny",
   "maker": "Shiny (useshiny.com)",
   "note": "3,000+ executives; no upfront fee, 10% ongoing markup, 15% conversion fee if you convert to full-time; handles contracts, invoicing and 1099s. Match 'within weeks', not days.",
   "url": "https://useshiny.com/fractional-executives/",
   "oss": false,
   "entry": "10% markup + 15% conversion",
   "status": "active"
  },
  {
   "name": "Connectd",
   "maker": "Connectd (UK, England & Wales)",
   "note": "UK-first fractional and advisory network \u2014 10,000+ members, 80+ fractional skillsets, 60,000 connections facilitated, 4.4 avg hires per startup. Free for companies; executives pay the membership. Best non-US option; US site exists but the density is British.",
   "url": "https://www.connectd.com/",
   "oss": false,
   "entry": "free for companies",
   "status": "active"
  },
  {
   "name": "vChief",
   "maker": "vChief",
   "note": "The specialist for the one role marketplaces handle worst: fractional Chief of Staff. 400+ leaders averaging 18 years; published pricing \u2014 $2,970/mo (20 hrs), $8,100/mo (60 hrs), $12,600/mo (100 hrs), 20 risk-free hours, matches in 48h, onboarding ~2 weeks.",
   "url": "https://vchiefs.com/chief-of-staff/",
   "oss": false,
   "entry": "$2,970/mo",
   "status": "active"
  },
  {
   "name": "Chief of Staff Network",
   "maker": "Chief of Staff Network (est. 2017)",
   "note": "900+ PRO members, 30,000+ newsletter subscribers, private Slack, job board, certification. A referral surface, not a marketplace \u2014 post your role and let the community route it. Membership pricing not published.",
   "url": "https://www.chiefofstaff.network/",
   "oss": false,
   "entry": "free tier \u00b7 PRO undisclosed",
   "status": "active"
  },
  {
   "name": "Pavilion",
   "maker": "Pavilion (joinpavilion.com)",
   "note": "The GTM-leader community and the best single referral surface for fractional CROs/CMOs/VPs Sales. Associate $1,375/yr, Executive $2,700/yr, invite-only Gold tier. You join to source, not to post a job. See also element Co.",
   "url": "https://www.joinpavilion.com/pricing",
   "oss": false,
   "entry": "$1,375\u2013$2,700/yr",
   "status": "active"
  },
  {
   "name": "Chief",
   "maker": "Chief (women's executive network)",
   "note": "Five US clubhouses (NY, LA, Chicago, SF, DC) as of Feb 2026; new CEO Alison Moore since Jan 2025. Notably opened membership in Oct 2025 to senior leaders in fractional and consulting roles \u2014 a direct read on where senior women's careers are going. Referral surface, not a hiring platform.",
   "url": "https://en.wikipedia.org/wiki/Chief_(women%27s_network)",
   "oss": false,
   "entry": "membership (undisclosed)",
   "status": "active"
  },
  {
   "name": "Vendux",
   "maker": "Vendux LLC",
   "note": "Fractional sales-leadership directory and the category's most-cited data publisher \u2014 source of the '110,000 on LinkedIn' figure and the 5,000\u21929,000 fractional-sales-leader count. Narrow (sales/revenue only) but the numbers everyone else recycles start here.",
   "url": "https://www.vendux.org/",
   "oss": false,
   "entry": "free directory",
   "status": "active"
  },
  {
   "name": "A.Team",
   "maker": "A.Team (Insight Partners; $60M, 2022)",
   "note": "Sells assembled fractional *teams* (product + eng + design) rather than a single executive. Right answer when the gap is delivery capacity, wrong answer when the gap is judgment \u2014 which is what this element is about.",
   "url": "https://www.a.team/",
   "oss": false,
   "entry": "team-based markup",
   "status": "active"
  },
  {
   "name": "GigX",
   "maker": "GigX",
   "note": "Free, self-serve fractional C-suite directory with no quality filtering \u2014 you do all the sourcing and all the vetting. Useful as a name-generation tool, dangerous as a shortlist.",
   "url": "https://www.gigx.com/",
   "oss": false,
   "entry": "free",
   "status": "active"
  },
  {
   "name": "Fractionus",
   "maker": "Fractionus",
   "note": "Marketplace plus the most-linked 2026 rate-benchmark content (US/UK/AU retainer and day-rate bands). Pricing quoted per engagement, unpublished. Content is stronger than the liquidity.",
   "url": "https://fractionus.com/blog/fractional-executive-rates-by-role",
   "oss": false,
   "entry": "quoted per engagement",
   "status": "active"
  },
  {
   "name": "FlexTal",
   "maker": "FlexTal",
   "note": "General flexible-talent marketplace with a fractional-exec tier; quoted per engagement, no published vetting standard. Thin at the C-suite end.",
   "url": "https://flextal.com/",
   "oss": false,
   "entry": "quoted per engagement",
   "status": "active"
  },
  {
   "name": "TalentLoft",
   "maker": "TalentLoft",
   "note": "Small fractional marketplace; profile review before outreach, pricing quoted per engagement. Included for completeness \u2014 no disclosed scale.",
   "url": "https://www.talentloft.com/",
   "oss": false,
   "entry": "quoted per engagement",
   "status": "active"
  },
  {
   "name": "Paro",
   "maker": "Paro",
   "note": "Fractional finance and accounting talent, AI-matched. The CFO end overlaps this element; the bookkeeping end belongs to Bk.",
   "url": "https://paro.ai/",
   "oss": false,
   "entry": "markup model",
   "status": "active"
  },
  {
   "name": "Upwork",
   "maker": "Upwork Inc. (NASDAQ: UPWK)",
   "note": "The volume floor. Genuine fractional CxOs exist here and AI-skill demand on the platform rose 109% YoY (2025), but there is no executive vetting and the signal-to-noise ratio at C-suite level is poor. Use only if you can assess the function yourself.",
   "url": "https://www.upwork.com/",
   "oss": false,
   "entry": "5\u201310% client fee",
   "status": "active"
  },
  {
   "name": "Malt",
   "maker": "Malt (France/EU)",
   "note": "Europe's largest freelance marketplace with a growing senior/consultant tier \u2014 the practical EU-continental alternative when US platforms have no local bench.",
   "url": "https://www.malt.com/",
   "oss": false,
   "entry": "client fee",
   "status": "active"
  },
  {
   "name": "Atreus / Chiefs Group",
   "maker": "Heidrick & Struggles",
   "note": "Heidrick's interim-executive arms for DACH/Europe and Brazil. Interim (full-time, temporary) rather than fractional (part-time, ongoing) \u2014 different product, often confused.",
   "url": "https://www.heidrick.com/en/services/on-demand-talent/interim-executives",
   "oss": false,
   "entry": "enterprise SOW",
   "status": "active"
  },
  {
   "name": "valet.team",
   "maker": "TheWorkCompany / tao.ai",
   "note": "Listed in earlier canon as the 'fractional operators' pick. Verified Aug 2026: valet.team 302-redirects to tao.ai/valet, and the service is now AI-agent deployment \u2014 assessment, agentic crews, monitoring \u2014 not a fractional-executive network. Repositioned; no longer a route to a human CxO.",
   "url": "https://tao.ai/valet",
   "oss": false,
   "entry": "consulting (undisclosed)",
   "status": "renamed"
  },
  {
   "name": "Bolster Prime",
   "maker": "Bolster Networks, Inc.",
   "note": "The 2022 paid CEO-membership + Bolster Ventures pairing. Bolster Ventures continues as a fund; the Prime membership no longer appears in Bolster's current product navigation \u2014 assume discontinued unless they tell you otherwise.",
   "url": "https://bolsterventures.com/about",
   "oss": false,
   "entry": "\u2014",
   "status": "sunsetting"
  },
  {
   "name": "On Deck (ODF)",
   "maker": "On Deck / joinodf.com",
   "note": "Once the densest source of warm operator intros in startup land; cut 25% of staff in 2022 and scaled back the accelerator. ODF now runs as a lean founder fellowship. Historically important to this element's referral route, no longer load-bearing.",
   "url": "https://joinodf.com/",
   "oss": false,
   "entry": "fellowship fee",
   "status": "fading"
  }
 ],
 "signals": [
  {
   "fact": "Referrals, not platforms, clear this market: 92% of fractional operators source clients via personal networks vs 29% via platforms (Go Fractional, n=213, Apr 2026); UK independently finds ~75% personal networks and ~2/3 of engagements referred (VCMO, n=180, Jan 2026)",
   "src": "https://www.gofractional.com/insights/lifecycle"
  },
  {
   "fact": "Interim/fractional C-suite engagements up 151% since 2021; SMBs now drive 80%+ of demand and 42% of engagements run past six months, up from 27% in 2021 (Heidrick Talent Lens, n=3,810 independents, fielded Aug 2025 \u2192 2026 report)",
   "src": "https://www.heidrick.com/en/perspectives/on-demand-talent/2026-talent-lens-survey_the-state-of-interim-talent"
  },
  {
   "fact": "Rates are flat-to-firm, not booming: 30% of independents raised day rates in 2025, 50% held, 20% cut. Aug 2026 US benchmarks: ~$160/hr overall; CTO $219, COO $202, CFO $179, CMO $176; US monthly retainers $8k\u2013$22k, day rates $1,500\u2013$4,000",
   "src": "https://www.gofractional.com/insights/economics"
  },
  {
   "fact": "Consolidation has started: Toptal acquired Graphite (12,000+ vetted experts) on Jan 7, 2026; Heidrick & Struggles owns Business Talent Group, Atreus and Chiefs Group. The independents \u2014 Bolster, Continuum \u2014 have gone quiet",
   "src": "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite"
  },
  {
   "fact": "Supply-side glut: 90% of fractional operators name client acquisition as their #1 challenge and 47% are under a year into fractional work \u2014 a buyer's market in which the scarce good is proven judgment, not availability",
   "src": "https://www.gofractional.com/insights/lifecycle"
  },
  {
   "fact": "Market sizing is soft and aggregator-driven: the widely repeated '$5.7B global, 14% CAGR' and 'Gartner: 30%+ of midsize enterprises with a fractional exec on retainer by 2027' both trace to secondary blogs, not a locatable primary report. Treat as directional only",
   "src": "https://www.vendux.org/blog/10-numbers-that-will-reshape-how-you-think-about-fractional-executives-in-2026"
  }
 ],
 "notes": "VERIFYING THE '110,000 FRACTIONAL EXECUTIVES ON LINKEDIN' CLAIM \u2014 partially true, materially over-read, and stale. The number traces to a single Vendux post dated Dec 7, 2024, which says LinkedIn identifies 110,000 people *using the phrase 'fractional'* \u2014 a keyword count of profile text, not a count of practising fractional executives. The same post says 78,000 of those are in North America and puts the actual number of fractional executives operating in the US and Canada at roughly 80,000, with a global pool that 'could exceed' 500,000. Aggregators (sci-tech-today, columncontent, and others) have since recycled it as '2,000 in 2022 \u2192 110,000 in 2024, a 5,400% increase' and increasingly present it as a 2026 figure; we found no 2025 or 2026 refresh of the LinkedIn count anywhere. Honest restatement for the tile: '~110,000 LinkedIn profiles carried the word \"fractional\" by late 2024; Vendux estimates ~80,000 actual fractional executives across the US and Canada.' CANON CHECK: valet.team no longer belongs in this element \u2014 it 302-redirects to tao.ai/valet and now sells AI-agent deployment, not fractional operators (verified Aug 6, 2026); kept in the field with a 'renamed' flag rather than dropped. CONFLICTS RESOLVED: Fractional Jobs' own pages disagree on network size (10,000+ on the product page, 30,000+ in the blog) and on fees (help page says no fee and no markup; blog says $3,000\u2013$5,000 one-time for the white-glove search) \u2014 we report both and read it as free/cheap self-serve posting plus a paid curated search. Go Fractional's headline hourly average is quoted at $153, $160 and $161 across its own pages because the benchmark is a rolling 90-day window; we use $160/hr as the Aug 2026 read. Rate bands from fractionus and sci-tech-today are aggregator-sourced with no linked primaries \u2014 kept as corroboration, not evidence. EQUITY: no platform in this category publishes an equity programme; the matrix column reflects contract structure, not policy \u2014 where you contract directly with the operator (referral, Fractional Jobs, GigX) equity is fully negotiable, and where the platform is the payer and takes a markup (Toptal, Shiny, Bolster) it is awkward at best. The commonly cited '0.1\u20130.5% vesting' band for part-time senior help is advisor-equity convention, not fractional-executive data \u2014 see element Mn. ADJACENT ELEMENTS: peer communities as such (Pavilion, Chief, Chief of Staff Network, Hampton) \u2192 Co; advisors and advisor equity \u2192 Mn; full-time hiring, payroll and EOR \u2192 Hr; fractional bookkeeping and controller work as opposed to CFO judgment \u2192 Bk. CHARTER: ranked on how founders actually source senior judgment \u2014 evidence of where hires originate, price transparency, vetting rigour, speed, and function breadth, in that order. No affiliate consideration; picks are editorial.",
 "sources": [
  "https://www.gofractional.com/insights",
  "https://www.gofractional.com/insights/lifecycle",
  "https://www.gofractional.com/insights/economics",
  "https://www.gofractional.com/insights/methodology",
  "https://www.gofractional.com/insights/rates/cto",
  "https://www.gofractional.com/insights/rates/cfo",
  "https://www.gofractional.com/insights/rates/coo",
  "https://www.gofractional.com/insights/rates/cmo",
  "https://www.gofractional.com/",
  "https://tech.einnews.com/pr_news/928824024/go-fractional-launches-the-first-live-benchmark-report-on-the-fractional-workforce",
  "https://cdn.prod.website-files.com/692048469e90df56525d45f9/69d7d7475e7b76e46d17420b_State%20of%20UK%20Fractional%20Leadership%202026_VCMO.pdf",
  "https://www.heidrick.com/en/perspectives/on-demand-talent/2026-talent-lens-survey_the-state-of-interim-talent",
  "https://www.heidrick.com/en/perspectives/on-demand-talent/2026-talent-report",
  "https://www.heidrick.com/en/services/on-demand-talent",
  "https://www.toptal.com/finance/fractional-cfo",
  "https://www.toptal.com/press-center/toptal-announces-acquisition-of-graphite",
  "https://www.toptal.com/pricing",
  "https://www.fractionaljobs.io/",
  "https://www.fractionaljobs.io/help/how-much-does-fractional-talent-cost-to-hire",
  "https://www.fractionaljobs.io/blog/the-5-best-platforms-for-companies-hiring-fractional-talent-2026",
  "https://www.techcxo.com/",
  "https://www.chiefoutsiders.com/consultants",
  "https://www.bolster.com/on-demand-hiring",
  "https://www.bolster.com/pricing",
  "https://www.joincontinuum.com/",
  "https://catalant.com/",
  "https://www.connectd.com/",
  "https://vchiefs.com/chief-of-staff/",
  "https://www.chiefofstaff.network/",
  "https://www.joinpavilion.com/pricing",
  "https://en.wikipedia.org/wiki/Chief_(women%27s_network)",
  "https://www.vendux.org/blog/the-growing-phenomenon-of-fractional-executives-by-the-numbers",
  "https://www.vendux.org/blog/10-numbers-that-will-reshape-how-you-think-about-fractional-executives-in-2026",
  "https://useshiny.com/fractional-executives/",
  "https://fractionus.com/blog/fractional-executive-rates-by-role",
  "https://columncontent.com/fractional-work-statistics/",
  "https://www.sci-tech-today.com/stats/fractional-executive-hiring-statistics/",
  "https://tao.ai/valet",
  "https://www.gigx.com/"
 ],
 "element": {
  "number": 52,
  "name": "Fractional Executives",
  "group": "Human Elements",
  "essential": false,
  "edition": "v2026.Q3",
  "revision": "r7",
  "license": "CC BY 4.0 \u2014 cite elems.ai",
  "url": "https://elems.ai/e/fx.html"
 }
}