Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

How to Start, Sell a Million-Dollar Company: TaskRabbit Founder

August 20, 2024
in NFT
Reading Time: 3 mins read
0 0
A A
0
Home NFT
Share on FacebookShare on TwitterShare on E Mail


Leah Solivan was an IBM engineer, engaged on enterprise collaboration instruments like Lotus Notes, when she discovered her million-dollar startup concept: an internet market connecting clients with “taskers” who may run errands or do family chores for them at a value.

The concept arose from Solivan operating out of pet food one evening and asking why she could not join with somebody at that second who may decide it up for her. It was 2008 and the primary iPhone had come out a 12 months prior. Solivan noticed the potential in her iPhone for a location-based enterprise.

Leah Solivan. Photograph: Probability Yeh/WireImage

In an interview with entrepreneur Jeff Berman final week, Solivan stated when wanting on the drawback as an engineer, she noticed these three applied sciences: social, location, and cellular.

“I believed, there’s rather a lot right here,” she stated.

Associated: This Former Mannequin Used Her Private Financial savings to Begin a Thrifty Facet Hustle — Then Taylor Swift Turned a Repeat Patron: ‘Individuals Actually Responded’

Solivan determined to depart her engineering job and cashed out the $27,000 she had earned in her IBM pension plan to get her concept off the bottom. Ten years later, Ikea purchased TaskRabbit for an undisclosed sum after the startup carved out a valuation of about $50 million from a number of fundraising rounds.

TaskRabbit was Ikea’s first acquisition within the U.S.

It wasn’t simple to get to an acquisition although. Proper after quitting IBM, Solivan began coding. For six to eight weeks, she labored on her concept and constructed the primary model of it, working from a espresso store at occasions and asking random folks on the store for suggestions on what she had created.

When the positioning was prepared, Solivan put out an advert on Craigslist for taskers — the individuals who would run errands by the positioning. She gave every one that responded to the advert a 30-minute interview on the espresso store and ended up with 30 taskers for the primary launch in Boston.

The launch taught Solivan that she wanted to “be the primary tasker.” She ran errands too, throughout Boston. The expertise nonetheless prompts her to ask founders: “Are you able to be part of the method?” Solivan says being a part of the corporate’s day-to-day is essential to studying what clients actually need.

Associated: The Largest Franchise Operator within the U.S. Owns 2,800 Places — And He Simply Added 83 Wendy’s to His Portfolio

Ikea, in the meantime, recognized for its must-put-together furnishings, acquired TaskRabbit in 2017 after an in-store partnership in London proved profitable. Clients may choose to have TaskRabbit ship and assemble Ikea furnishings for them as an alternative of doing it themselves, which elevated the common order worth for Ikea and introduced in new clients for TaskRabbit.

Ikea determined then that they needed to personal TaskRabbit.

“It was bittersweet,” Solivan stated. “It had been 10 years… It feels so good to me to know that even with out me, it lives on.”

For entrepreneurs with jobs at Meta, Microsoft, or different firms who come to her to ask if they need to stop their jobs to work on their concepts, Solivan says that it is tough to be all-in on a startup with a day job, however she is aware of that not everybody has the privilege to have the ability to pursue their concept with out a security web.

“My recommendation is, if you happen to actually have conviction round one thing, you’ll discover a solution to go for it,” Solivan stated.

Associated: She Batched a Beloved Product at Residence, Impressed By a Black-Owned Enterprise From the Sixties. Then It Turned a Multimillion-Greenback Model: ‘We would By no means Supposed This.’



Source link

Tags: companyFounderMillionDollarsellStartTaskRabbit
Previous Post

NY Judge Rejects U.S. SEC’s Efforts to Stymie Tron’s Arguments in Ongoing Securities Suit

Next Post

CryptoPunk Bought for Record $24 Million in 2022 Resold as Ethereum NFT Prices Decline

Related Posts

Exhibition in Abu Dhabi marks collaboration between Korean and Emirati institutions
NFT

Exhibition in Abu Dhabi marks collaboration between Korean and Emirati institutions

June 28, 2025
Standard Chartered CEO: Wharton MBA Was a ‘Waste of Time’
NFT

Standard Chartered CEO: Wharton MBA Was a ‘Waste of Time’

June 27, 2025
Manhattan’s Elizabeth Street Garden to be preserved after about-face by New York mayor
NFT

Manhattan’s Elizabeth Street Garden to be preserved after about-face by New York mayor

June 27, 2025
Amazon Whole Foods CEO Slams Internal Bureaucracy: ‘Ridiculous’
NFT

Amazon Whole Foods CEO Slams Internal Bureaucracy: ‘Ridiculous’

June 26, 2025
Artist-made desserts will be shown and eaten in New York gallery’s one-night exhibition
NFT

Artist-made desserts will be shown and eaten in New York gallery’s one-night exhibition

June 26, 2025
Federal Judge: Anthropic Acted Legally With AI Book Training
NFT

Federal Judge: Anthropic Acted Legally With AI Book Training

June 25, 2025
Next Post
CryptoPunk Bought for Record $24 Million in 2022 Resold as Ethereum NFT Prices Decline

CryptoPunk Bought for Record $24 Million in 2022 Resold as Ethereum NFT Prices Decline

Dogecoin Rival Mirroring BNB’s Early 2024 Parabolic Rally, According to Crypto Analyst – Here’s His Outlook

Dogecoin Rival Mirroring BNB’s Early 2024 Parabolic Rally, According to Crypto Analyst – Here’s His Outlook

Bitwise Takes Over ETC Group – Home To Europe’s Largest Bitcoin Fund

Bitwise Takes Over ETC Group - Home To Europe's Largest Bitcoin Fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In