Thumbtack (website)

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Thumbtack, Inc.
Type Private
Headquarters San Francisco, California
Website www.thumbtack.com
Alexa rank positive decrease 3,487 (December 2013)[1]
Type of site Online marketplace
Registration Optional
Available in English
Current status Active

Thumbtack is an internet marketplace for local services, launched in December 2009.[2] Thumbtack allows service providers and consumers to find each other and negotiate jobs online.[2] In August 2010, CEO Marco Zappacosta claimed Thumbtack had over 50,000 service providers signed up on the website.[3] By January 2012, the company said that number had grown to over 240,000 service providers.[4]

Awards

Thumbtack won the Vator Juice Pitcher award in October 2009, beating out other notable finalists RelayRides and Rentcycle.[5] Thumbtack also was selected as a finalist for the initial San Francisco Open Angel Forum in March 2010.[3]

Investment

In June 2010, Thumbtack.com raised 1.2 million dollars in funding, primarily from angel investors.[6] Investors include Scott Banister, Jason Calacanis and Joshua Schachter.[7] CEO Marco Zappacosta credits both the Open Angel Forum and AngelList for helping to secure commitments from Angel Investors.[8]

In January 2012, Thumbtack raised 4.5 million dollars through a Series A round of venture capital funding. Javelin Venture Partners led the round of investment, which also included investments from MHS Capital and the venture capitalist Timothy C. Draper.[9]

In June 2013, Thumbtack raised 12.5 million dollars through a Series B round of venture capital funding. Sequoia Capital led the round of investment, which also included follow-on investments from prior investors Javelin Venture Partners and MHS Capital.[10]

Small business survey

In 2012, Thumbtack partnered with the Kauffman Foundation to conduct a two-month long survey of the company’s service providers on small business friendliness in the United States.[11] Over 6,000 small business owners were polled on questions such as the ease of starting a business in their state and the overall support in their state for small businesses.[12]

The survey found Idaho to be the friendliest state for small business and Rhode Island to be the least friendly. Oklahoma City, Dallas-Fort Worth, San Antonio, Austin and Atlanta were rated the most friendly for small business while Sacramento, Los Angeles, San Diego, Tucson, and Detroit were rated the least friendly.[13]

References

  1. ↑ "Thumbtack.com Site Info". Alexa Internet. Retrieved 2013-12-01. 
  2. ↑ 2.0 2.1 "Thumbtack.com aims to eat Yelp's lunch". 
  3. ↑ 3.0 3.1 "This Week In Startups episode #68 with guest Marco Zappacosta, CEO of Thumbtack". 
  4. ↑ "Local Services Marketplace Thumbtack Raises $4.5 million". 
  5. ↑ "Can Thumbtack evolve service listings?". 
  6. ↑ "Well-known angels back local services startup Thumbtack.com". 
  7. ↑ Crunchbase Profile for Thumbtack.com
  8. ↑ Austin, Scott (2010-06-17). "Start-Ups Get Free Chance to Pitch to Angel Investors". The Wall Street Journal. 
  9. ↑ "Local Services Marketplace Thumbtack Raises $4.5 million". 
  10. ↑ "Thumbtack Partners with Sequoia to Reimagine Local Services". 
  11. ↑ Thumbtack Small Business Survey Page
  12. ↑ Kavilanz, Parija (2012-05-08). "5 friendliest states for small business". CNN Money. 
  13. ↑ [Ibid.]

External links


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