TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina

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TaskUs debuted on the Nasdaq on Friday and the customer support outsourcing company was valued at $2.8 billion after its IPO pop.

They moved back in with their parents and invested the $20,000 they'd saved up from the events business into their next venture: a task-based virtual assistant. They chose to start in the Philippines, one of the top countries in the world for call centers and"We used our combined life savings to rent a one-room office on the side of a highway an hour south of Manila and hire our first few employees," they wrote in the founders' letter portion of the prospectus.

"As we earned their trust, we took on more critical parts of their operations such as advanced technical support and critical content review," they wrote. The Philippines is still the company's biggest hub, with more than 19,000, or 70%, of its employees, located there. The U.S. is its second-biggest country, with over 4,000 employees, followed by India and Mexico.

 

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