HourlyNerd Raises $750K in Seed Funding

HourlyNerd, a Boston, MA-based platform for students and recent MBA graduates to get a part-time job, raised $750k in seed funding.

The round was led by Mark Cuban, who invested $450k, with participation from Accanto Partners and Connect Ventures.

Led by Patrick Petitti and Rob Biederman, HourlyNerd operates a marketplace that connects businesses with talented professionals who are still relatively affordable. It allows a business to post a project. The best MBA students and alumni for the work are then notified and can place bids. The business can sort through the bids and pick the right consultant for the job based on experience, pitch, and price.  The consultant and business use the company’s shared workspace to complete the project, and when the work is done HourlyNerd transfers the money.

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  • […] Led by co-CEOs and co-founders Rob Biederman and Pat Petitti, HourlyNerd is an online talent marketplace that links elite independent freelancers with businesses that lack the funds to hire a premier consulting firm but require freelance help or advice from top MBA students who’ve worked at the top consulting firms and investment banks. In a few months (via referrals, social network mentions and word of mouth), the platform has over 4,500 companies using over 10,000 consultants from around the country and around the world. 11 months ago, the company had raised its Series A financing round, led by Highland Capital Partners and Greylock Partners. The prior seed funding round had been led by billionaire angel investor Mark Cuban (read here). […]

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