Liz Gannes

Recent Posts by Liz Gannes

TaskRabbit Takes Another $13M, With Founders Fund Leading the Round

TaskRabbit, the marketplace for personal projects and services, has picked up a round of Series C funding: $13 million led by Founders Fund and including existing investors such as Shasta Ventures and Lightspeed Venture Parters.

Coinciding with the funding, former eBay VP and current Trunk Club COO Rob Chesney joined TaskRabbit’s board, along with Founders Fund’s Bruce Gibney.

Five-year-old TaskRabbit has competition, both direct and indirect (for instance, Done in New York (which our own Lauren Goode reviewed positively) and Exec in San Francisco). With this latest round, TaskRabbit is establishing itself as the best-funded company in the space it helped create — with a total of $38 million raised to date.

But lots of venture capital money isn’t necessarily all positive; for one thing, TaskRabbit clearly isn’t getting the kind of billion-dollar valuation VCs are handing out to its start-up peers like Airbnb. Plus, the company actually raised more money in its last round: $17.8 million just this past December.

What’s the latest at TaskRabbit? The company says its numbers of tasks and bookings are skyrocketing. In recent months, TaskRabbit founder Leah Busque reclaimed the title of CEO from hired exec Eric Grosse, and the service launched an on-demand delivery trial.

 


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus