EBay acquires Hunch for $80m

#1

Post by speedracr » Mon, Nov 21, 2011, 1:55 PM UTC

EBay acquires Hunch for $80m
uncrunched.com

Re: EBay acquires Hunch for $80m

#2

Post by dr_ » Mon, Nov 21, 2011, 2:15 PM UTC

I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.

Re: EBay acquires Hunch for $80m

#3

Post by vaksel » Mon, Nov 21, 2011, 2:17 PM UTC

did anyone actually use Hunch seriously?

Re: EBay acquires Hunch for $80m

#4

Post by speedracr » Mon, Nov 21, 2011, 2:27 PM UTC

Is Arrington rebuilding a proper tech blog as a counterpart to the growing news machine of Techeablecrunchbeat?

Re: EBay acquires Hunch for $80m

#5

Post by jnorthrop » Mon, Nov 21, 2011, 2:30 PM UTC

"It’s been a long journey for Hunch."

They were founded in 2008 and sold for $80m 3 years later. That is considered a "long journey" these days? Statements like this give me that "we're in a bubble" feeling.

Re: EBay acquires Hunch for $80m

#6

Post by Brajeshwar » Mon, Nov 21, 2011, 2:30 PM UTC

I never felt the need to use Hunch on its own. Now that it can be more of a tool to supplement other objectives, it sure might be the right tool after-all.

Re: EBay acquires Hunch for $80m

#7

Post by danssig » Mon, Nov 21, 2011, 2:31 PM UTC

dr_ wrote: post #2

I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.

15 million a piece. I don't know how long they were working on it but the very top billed actors tend to make, what, 20 million for movies that take ~3 years to make.

Re: EBay acquires Hunch for $80m

#8

Post by hswolff » Mon, Nov 21, 2011, 2:31 PM UTC

speedracr wrote: post #4

Is Arrington rebuilding a proper tech blog as a counterpart to the growing news machine of Techeablecrunchbeat?

I think it's just in his blood at this point to blog about tech news. Good for him I say. If you love what you do then do it.

Re: EBay acquires Hunch for $80m

#9

Post by AznHisoka » Mon, Nov 21, 2011, 2:31 PM UTC

Wow, this is like a knight in a white horse for Hunch.. I seriously doubt they were making any profit... This sounds like a talent acquisition. I mean this is ridiculous... but it goes to show you.. you gotta show up for the game (the startup game, I mean) to win it... $80 m for a site that doesn't even get 1 million uniques (per Compete) a month is a STEAL. I mean.. seriously, everyone who has a CS background should just start something on the side if a deal like this is possible.

Re: EBay acquires Hunch for $80m

#10

Post by ebaysucks » Mon, Nov 21, 2011, 2:43 PM UTC

danssig wrote: post #7

dr_ wrote: post #2

I never used Hunch much, and I'm not sure if an 80 million exit with 20 million in VC funding is so great for the founders, but I suppose it gives eBay a footing in NYC - that's the part of the article I found most interesting.

15 million a piece. I don't know how long they were working on it but the very top billed actors tend to make, what, 20 million for movies that take ~3 years to make.

So you assume the VC's only scored a 1x on this deal and had no special treatment for their preferred shares such as accrued dividends, liquidity preference, participating preferred, etc?