Leah Busque shares TaskRabbit's fundraising lessons

A journey of bootstrapping for nine months, learning, raising money, and building a great service

Lessons learned from entrepreneur by Bambi Francisco Roizen
December 9, 2011 | Comments
Short URL: http://vator.tv/n/1dcc

5

During a cold evening in Boston, Leah Busque didn't want to leave her cozy home to buy dog food. It wasn't exactly a task she wanted to do that evening. That problem soon became the basis of the startup she built called TaskRabbit, an online marketplace where people can get small tasks done.

Leah, who is now the company's chief product officer, quit her job at IBM as a software engineer and started working on building the initial product in the summer of 2008. She bootstrapped for nine months, until she raised $150,000 in March 2009 from angels. She soon moved to California and participated in the fbFund incubator program later that year. By October, TaskRabbit landed $1.8 million in seed funding from Floodgate, with participation from Baseline Ventures and First Round. TaskRabbit then raised $5 million round from Shasta Ventures this past April. You can see TaskRabbit's funding history on their profile

For more on Leah's story and her experience raising funds, watch her Floating Point presentation at Venture Shift. 

 


Related companies, investors and entrepreneurs

77004
Leah Busque
Founder and CEO,
TaskRabbit
Bio: A true visionary, Leah originated the phrase, "service networking," a now industry-wide term describing the productive and service power ...

Related news


blog comments powered by Disqus
Find your friends' startup new!
Vator is more valuable if you know who's here.
Discover who has a startup and help their success by following their progress!

Featured Stories

Latest company news bites on Vator

AllowanceTree CEO named Today's Entrepreneur by Vator: http://vator.tv/news/2012-05-25-todays-entrepreneur-arnie-benn
See more
Cognitive Code Corporation - Mimi Chen (Co-Founder and President)
Shotfarm - Lee Syrjanen (Development and Channel Marketing Manager)
Why Does SEO Take So Long? http://bit.ly/JYWEbG
See more
SmartPay, Inc. - Tom Heeter (Founder & CEO)
I made a video to show how to make a payment with SmartPay. http://youtu.be/MTsx76SrEKs Please give ...
See more