TaskRabbit, Inc. - Venture Capital Financing Deal Terms & Valuations

TaskRabbit, Inc.

The “Private Company Valuation Report” by VC Experts is aimed at providing specific deal terms and estimated post-money valuations for the venture-backed company. Included in the report are national, regional, and industry averages, company comparisons, investment rounds with deal terms, priceper share, estimated fully diluted shares, and valuation trends. VC Experts has compiled this intense level of data from Federal and State regulatoryfilings as well as strategic partners to aid in better transparency of private company information.

Table of ContentsTaskRabbit, Inc.

Key ManagementInvestors (current and historic)Comparable Private CompaniesInvestment RoundsValuation TrendsMethodology for Cost of Capital BenchmarkMethodology for Valuation TickerFair Market Value per Common ShareFilings

TaskRabbit, Inc.

Created on 2012-07-19 and authorized by VCExperts.com.Copyright © 2012 VC Experts.com, Inc.

TaskRabbit, Inc.TaskRabbit, Inc. provides services for people and businesses to outsource products and services related to offices and employee perks, food products,and gift cards. The pioneer in service networking, TaskRabbit provides people and businesses with an easy, trusted and secure way to get botheveryday and skilled Tasks done.

Address: 425 2nd Street, 5th Floor, San Francisco CA 94107Geographic Region: Silicon ValleyIndustry: Business Products and ServicesSIC Codes: 7299 - Miscellaneous Personal ServicesNAICS Codes: 812990 - All Other Personal ServicesLegal Counsel: Silicon Legal StrategyCompany Website: http://www.taskrabbit.com/

Key ManagementLeah Busque, CEO, Founder, DirectorAnn Miura-Ko, DirectorJill Preotle, Director

Investors (current andhistoric)500 StartupsAllen & CompanyBaseline Ventures LLCCollaborative FundFirst Round CapitalFloodgate Fund, L.P.IndividualsLightspeed Venture Partners (FKA: Weiss, Peck &Greer)Shasta Ventures Management LLCShasta Ventures Management, LLCUndisclosed Firm

Comparable PrivateCompaniesSpotlight Ticket Management, Inc.

Investment Data - PreferredInvestment Date Investment Amount Round Number Valuation Est. Fully Diluted Shares Preferred Price Per Share

2011-12-14 17.8 4 $80,028,499 7,425,585 $10.78

Round: Series B National: 25%, Regional: 24%, Industry: 23%

Direction: Up Round National: 54%, Regional: 57%, Industry: 67%

Liquidation Pref.: Pari Passu National: 44%, Regional: 49%, Industry: 54%

Liq. Multiple: 0 - 1x National: 92%, Regional: 92%, Industry: 92%

Stock Type: Conventional Convertible National: 55%, Regional: 63%, Industry: 60%

Anti-Dilution: Weighted Average National: 95%, Regional: 97%, Industry: 92%

Redemption: No National: 68%, Regional: 82%, Industry: 71%

Cumulative Dividends: No National: 81%, Regional: 93%, Industry: 82%

2011-05-04 5.0 3 $15,018,611 4,944,236 $3.04

Round: Series A National: 21%, Regional: 19%, Industry: 22%

Direction: Up Round National: 46%, Regional: 51%, Industry: 58%

Liquidation Pref.: Pari Passu National: 43%, Regional: 50%, Industry: 49%

Liq. Multiple: 0 - 1x National: 89%, Regional: 90%, Industry: 88%

Stock Type: Conventional Convertible National: 51%, Regional: 59%, Industry: 55%

Anti-Dilution: Weighted Average National: 94%, Regional: 95%, Industry: 94%

Redemption: No National: 63%, Regional: 82%, Industry: 65%

Cumulative Dividends: No National: 77%, Regional: 93%, Industry: 76%

Valuation Trend


Valuation Trend

Methodology for Cost of Capital Benchmark

Valuation Trend

Post-Money Valuation Price Per Share

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Methodology for Cost of Capital BenchmarkThe Cost of Capital Benchmark Chart presents a metric of the company's cost of capital based on whether the deal terms included in its recentfinancing rounds were "company friendly" or "investor friendly", with comparisons to East Coast and West Coast averages. For example, if the companyissues a security with a liquidation multiple of two, a cumulative dividend, and full ratchet anti-dilution protection, while the average security issued byother companies in its region at that time had a liquidation multiple of one, no dividend, and weighted average anti-dilution protection, the Cost ofCapital Chart would likely show a higher cost of capital for that financing round in relation to regional averages.

Methodology for Valuation Ticker

Cost of Capital Benchmark

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Methodology for Valuation TickerThe Valuation Ticker Chart presents the estimated movement of the company's valuation over a year-long period since its last financing round, basedon a basket of publicly traded stocks in its industry sector. For example, if the company's valuation at the time of its last financing round was $100million, and within a year the value of publicly traded stocks in its industry sector have increased 30 percent, the chart will show the value of thecompany increasing to $130 million. Thus, the Valuation Ticker Chart provides you a more up-to-date estimate of the company''s valuation than youwould get by looking at the valuation of its last financing round alone.

Total Estimated Fully Diluted Shares as of 12/14/2011: 7,425,585

Fair Market Value per Common Share

Valuation Ticker

Est. Post-Money Valuation: $99,094,383

TaskRabbit, Inc.

From 12/14/2011 to 07/16/201270M

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Fair Market Value per Common ShareFiling Date Shares Price Per Share

2012-03-30 589,317 $1.080000

2011-06-22 1,084,430 $0.580000

2009-09-17 11,875 $0.800000

Filings


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TaskRabbit, Inc. - Venture Capital Financing Deal Terms & Valuations

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