Exec, a mobile app that instantly gets people to do your errands, has raised $3.3 million, according to an SEC filing. The company’s co-founder Justin Kan, who is also behind Justin.tv, Twitch.tv and SocialCam, says he’s not ready to disclose investors yet, except to say that there are around 25 different individuals in the round. The filing only shows Exec’s team on it, so it’s hard to tell who the firms or angels in the round are.
What’s Exec? It’s kind of comparable to TaskRabbit, because you can call on people to run your errands from an app. But Exec doesn’t require a bidding process and it calls up ‘Execs,’ or people to do your tasks, instantaneously. It also has a flat rate of $25 an hour. Exec covers all sorts of errands — deliveries, chores, cleaning, even art. One ‘Exec,’ who cleaned my house once, has also coached YC founders on their pitches for Demo Day. Seriously.
“This money is for building out the San Francisco Bay Area market,” Kan said.
Justin Kan is an entrepreneur, Web developer, and the ‘Justin’ of Justin.tv. Justin.tv started when Justin Kan and Emmett Shear took on the challenge of broadcasting one person’s life 24/7. Being web developers, they recruited co-founders Michael Seibel and Kyle Vogt to run the business and build a live streaming video camera. For investment, they spoke with Paul Graham of Y-Combinator (an investor in their previous start-up) and raised seed capital. The Justin.tv website launched in March of 2007....
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