Solvate raises $2.3 m in Venture Capital
I just learned that Solvate raised $2.3 million from DFJ Gotham Ventures and RRE Ventures in its first round of institutional funding. Thanks Anand for pointing that out.
What does Solvate do
Solvent helps you solve your problems by finding the right person to do your job. It connects project posters and those executing the project. Solvatem as its name suggests helps you solve your problems.
How does it works
Solvate helps you to get your work done at a cheaper rate using outsourcing, You need to tell Solvate what jobs you need done. Solvate then finds the right person for the task. It takes up the responsibility. It looks like it does the complete project management.
What does it costs
It is not very clear what are the charges involved. It looks like solvent charges with a base rate of $25 an hour. That also looks like the minimum rate. You are charged in the increments of 5 minutes.
There ate a number of ways you can connect the company. It can me email, phone or eben filling out a request form; You can then log into the Solvate website to see how the work is progressing.
Solvate Team
According to its website
Founded in 2007 and based in New York City, Solvate exists to help people make the most of their precious time. For business owners and executives who need on-demand administrative support, Solvate is a micro-staffing company that makes it easy to delegate busy work to professionals across the country. It is our mission to build trusted relationships between our clients and the Solvate Timesmiths who work for them remotely.
Michael Paolucci is the CEO of solvate.
So any Alternative
eZdia is a strong alternative to Solvate. At the time of writing solvate has an alexa ranking of just 559K while ezdia has an alexa ranking of 166K ( Both data are 3 months average). With the venture capital in hand and more marketing funds available, solvate is expected to fare better in immediate near future. However, ezdia has much wider range of functionality that is expected to become available in one to three months from now. The solvate executive team has a proven track records and that helped them secure venture capital. In the end what matters is - what we deliver to the customer. It will be interesting to note how ezdia compares with solvate three months from now.