Leah Solivan

13 statements across 1 episodes · 1 bullish · 6 bearish · 1 people on the record · first statement Aug 15, 2024 by Leah Solivan · across every show →

On the record as a speaker too: Leah Solivan's record, appearances and statements → this page counts the times other people say the name.

Everything said about Leah Solivan, oldest first

Aug 15, 2024 negative
Assertion Not checkable as stated
Hiring an external CEO caused TaskRabbit to overhire and burn cash
“We had someone come in for six Six to nine months We ended up hiring too many people, scaling up too fast, the burn got really high, and it was just kind of like, we need to get back to basics here and regroup.”
Leah Solivan Aug 15, 2024 ▶ 21:18 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024
Disclosure
Difficult board dynamics shaped Leah Solivan's non-imposing VC operating style
“I had a very complicated board dynamic at different points in my TaskRabbit journey, and I was always super sensitive to the imposition that an investor can have on a founder, and I always wanted to be that investor That was going to be really helpful and was …”
Leah Solivan Aug 15, 2024 ▶ 3:35 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 negative
Opinion
Replacing TaskRabbit's founder with a CEO post-Series A was a mistake
“I think my mistake there was that the company was still so young, it was still so early, To remove the founder as the leader. A COO would have been fine. And in fact, the second time around, we brought in an incredible COO that's been on this podcast before, S…”
Leah Solivan Aug 15, 2024 ▶ 20:46 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 positive
Opinion
The 2008 financial crash was the perfect time to launch TaskRabbit
“I didn't plan the timing like that, but it turned out to be the perfect time to launch a company like TaskRabbit.”
Leah Solivan Aug 15, 2024 ▶ 16:04 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 negative
Insight
TaskRabbit's operations and culture completely broke at 50 employees
“When we hit 50 people, I feel like everything broke. Communications broke cross-functionality between teams broke, the culture broke everything broke.”
Leah Solivan Aug 15, 2024 ▶ 22:32 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 negative
What-if
Solivan: I would have found a co-founder before launching TaskRabbit
“If I could go back and do it all over again, I would have tried harder from the beginning. To find a co-founding partner. Like before I went to the incubator program, you know, maybe even before I left IBM, I would have taken the time from the very beginning t…”
Leah Solivan Aug 15, 2024 ▶ 21:44 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 bearish
Insight
Solivan: Small VC funds struggle to compete in capital-intensive AI investments
“I think to some extent, to some of the big AI companies, you see the same thing, and so you see the big players like Andreessen, or you see Microsoft investing in OpenAI, like, you need really, really deep pockets to be successful. I think it's harder for the …”
Leah Solivan Aug 15, 2024 ▶ 6:14 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024
Assertion Not checkable as stated
Solivan: TaskRabbit Launched Initial Beta With 30 Handpicked Taskers
“I started with 30 taskers that I handpicked.”
Leah Solivan Aug 15, 2024 ▶ 16:37 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 neutral
Assertion Supported
TaskRabbit operated as RunMyErrand.com for its first 18 months
“And I typed in the domain name runmyeran.com, and it was available on GoDaddy for six 99, so I bought it. And then for the first 18 months that we existed, we ran under that name.”
Leah Solivan Aug 15, 2024 ▶ 8:02 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024
Insight
Founders must ask VCs exactly how much reserve capital is earmarked
“I would ask them, what are you saving for me as a company? What do you got earmarked for me in this fund? Right? And I think understanding that along the way would have been helpful in planning how we, how and when we did fund raises.”
Leah Solivan Aug 15, 2024 ▶ 33:05 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024 negative
Insight
Offering an unconstrained marketplace initially left TaskRabbit users paralyzed
“I learned very quickly that by offering a service where you could get anything done, one, people had no idea what to post.”
Leah Solivan Aug 15, 2024 ▶ 17:52 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024
Disclosure
Leah Solivan cashed out her $27,000 IBM pension to launch TaskRabbit
“As I look back at it was like 27,000 dollars I had earned in my pension plan, and I was like, well, I could take this out and pay the tax penalty, and this is what I'm gonna use to start the company.”
Leah Solivan Aug 15, 2024 ▶ 10:58 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
Aug 15, 2024
Assertion Not checkable as stated
Leah Solivan built TaskRabbit's first version in six to eight weeks
“It took six to eight weeks to get something built that I felt like was ready for people to use. And then I said, okay, I need to find people that are gonna do the jobs. And so I went on Craigslist, put it out, put out an ad for someone to run errands.”
Leah Solivan Aug 15, 2024 ▶ 15:25 Taskrabbit: From scale to sale in 10 years (with founder Leah Solivan) | Masters of Scale
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