TaskRabbit plans to be profitable by the end of the year. Do you plan to raise venture funding again?
We don’t have to raise money to hit profitability. We could raise expansion capital, but we have the freedom to make that choice. For the people in this building, that’s motivating. That can inspire in ways you can’t by just saying, “Oh, we need to hit this goal and hit this target.”
Source: TaskRabbit’s Formula for Building a Diverse Startup – Bloomberg