INSUBCONTINENT EXCLUSIVE:
Thumbtack just closed a new funding round of $150 million
Sequoia is leading the round, and the company is now valued at $1.7 billion
co-founder and CEO Marco Zappacosta admits that the company faced multiple challenges
Thumbtack started as a simple marketplace for local professionals.Clients could post a message saying that they were looking for carpenters,
wedding planners or house cleaning services
Professionals then scrolled through listings and sent quotes
created a new front end, pivoted to a new business model and essentially created a new product.Thumbtack now automatically generates quotes
based on your needs and your location
seen the light at the end of the tunnel
According to The Wall Street Journal, this could be the last funding round before Thumbtack files to go public.
