Gig economy stalwart TaskRabbit is contemplating a sale

One of the earliest and most well known startups of the so-referred to as “sharing economy” or “gig economy” is assessing the possibility of marketing by itself. As noted by Recode, freelance work marketplace TaskRabbit acknowledged that it is thinking about a sale just after getting inbound desire from a possible strategic customer.

TaskRabbit released in early 2008 as a way to match up with various forms of odd jobs in their local place part-time staff who had spare time. In its earliest times, the company operated in a really unfastened market product — users could listing jobs they needed attained and the rate they were inclined to pay for people products and services, and so-referred to as “TaskRabbits” could decide on to acknowledge people jobs or not.

It was a very novel notion at the time, but it was not very long prior to a range of other startups cropped up presenting similar abilities. Above time, people gig economy firms commenced to posture by themselves about distinct forms of work, with several attempting to be the put to go for cleansing products and services or residence advancement.

A number of extra several years handed, and, just after some initial pleasure about the gig financial system, comply with-on venture funds dried up and several of TaskRabbit’s competitors either shut down or were obtained for pennies on the greenback.

And so below we are. Soon after increasing $38 million dollars from buyers like Shasta Ventures, Founders Fund, Initial Round, Floodgate, CollabFund and some others, there’s little hunger for other buyers to hold placing money in firms like TaskRabbit.

So what now? All indications are that handyman products and services, mild residence renovation and home furnishings assembly are likely to conclude up currently being a billion-greenback company. So it makes perception that TaskRabbit would investigate the possibility of a sale if there is a customer — or numerous customers — fascinated.

The only dilemma is who people customers might be, and how much they might be inclined to pay for the company.

Featured Picture: Bryce Durbin







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