Data Consolidation: Infochimps Buys YC Startup Data Marketplace
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Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#2I was about to say "talent acquisition" but given they're keeping the tech it's probably not the right term. But the price point seems likely to be about that of a talent acquisition.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#3One marketplace to rule them all! Man o man, too much LoTR.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#4I was about to say "talent acquisition" but given they're keeping the tech it's probably not the right term. But the price point seems likely to be about that of a talent acquisition.
This is more of an asset sale since the founders won't be joining infochimps.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#5This seems like a win for everybody: Infochimps gets to build its business, YC-funded founders get to exit profitably and move onto another project, Paul Graham & Co. claim another successful start-up, and YCombinator's share of the buyout money can fund more start-ups.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#6Infochimps is bringing in the DataMarketPlace user base and community to expand its data sources and resources exponentially. This is only the beginning of what Infochimps could be. :)
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#7Infochimps is bringing in the DataMarketPlace user base and community to expand its data sources and resources exponentially. This is only the beginning of what Infochimps could be. :)
I agree. Infochimps has a whip-smart group of folks and they're rapidly acquiring the resources needed to be the major player in the data market. Not only that, but knowing a lot of them, they're genuinely decent, helpful people. It's great to see another Austin startup rocking and rolling.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#8This seems like a win for everybody: Infochimps gets to build its business, YC-funded founders get to exit profitably and move onto another project, Paul Graham & Co. claim another successful start-up, and YCombinator's share of the buyout money can fund more start-ups.
I'm not sure YC made money out of this one, certainly not by angel standards. Angels invest with the aim of a 10x exit, because that's what they need from the successes to cover the cost of the failures (probably less in YC's case as they have a lower failure rate).
15k at 6% is a 250k valuation, Infochimps just took 1.2 million of investment themselves, so it's questionable whether they got a 1x multiple, a 4x+ multiple is out of the question. Infochimps don't have that kind of money.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#9Congratulations to both Data Marketplace and Infochimps. You guys are rockin this space.
Re: Data Consolidation: Infochimps Buys YC Startup Data Marketplace
#10I was about to say "talent acquisition" but given they're keeping the tech it's probably not the right term. But the price point seems likely to be about that of a talent acquisition.
Yup, not a talent acquisition. Matt and I have both moved on to other things. I'm working on a retail initiative at http://www.propersuit.com if anyone's interested.