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.
EBay acquires Hunch for $80m
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Re: EBay acquires Hunch for $80m
#12Knowing how long it can take for a small company with a good idea and product to launch, I wouldn't really call that a long journey.
Still, congratulations to them. I hope eBay is able to make something good out of what they have created so far.
Re: EBay acquires Hunch for $80m
#13"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
#14Wow, 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…
This type of thinking is why the valley is so full of zombie companies pumped up with capital, but with no real traction or any way of ever being profitable
PG and many speakers at startup school repeatedly said that its easy to spot the ones who are just doing it because they want to be "that guy" like Zuckerberg - the ones who want to play the game. Instead of starting a company to figure out what customers want.
What motivates you to start a company is really important. Especially during the downswings that kills most startups (google "trough of sorrows").
Re: EBay acquires Hunch for $80m
#15Wow, 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…
Re: EBay acquires Hunch for $80m
#16"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
#17Wow, 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…
Chris Dixon is a veteran investor and entrepreneur, with enormous visibility in the tech world. Contacts with potential acquirers are a non-issue for him.
A poor CS fellow could have created a version of Hunch that was 100x better and they still would have 1,000x less of an exit opportunity as compared to any startup Dixon founded.
Get real.
Re: EBay acquires Hunch for $80m
#18Wow, 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…
Ebay's been on a spending spree this past year and I'd say this is one of the better deals they've made, depending on how long they've locked in Hunch's team.
Re: EBay acquires Hunch for $80m
#19did anyone actually use Hunch seriously?
Re: EBay acquires Hunch for $80m
#20did anyone actually use Hunch seriously?