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Yelp Buys Eat24 for $134M

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11–15 of 15 posts

Re: Yelp Buys Eat24 for $134M

#11
post #5

Earlier quoted context omitted.

whats bootstrapped mean?

They didn't take money from professional investors. They funded the companies growth with their own money.

"“All without taking a single dime in venture capital,” the company said in the news release. Eat24 attributes its success to hard work, chutzpah, comfortable shoes and a thing or two not mentionable in this publication."

Anyone want to speculate what "a thing or two not mentionable" is? Adderal? Modafinil? THC?

Re: Yelp Buys Eat24 for $134M

#12
post #5

Earlier quoted context omitted.

They didn't take money from professional investors. They funded the companies growth with their own money.

"“All without taking a single dime in venture capital,” the company said in the news release. Eat24 attributes its success to hard work, chutzpah, comfortable shoes and a thing or two not mentionable in this publication." Anyone want to speculate what "a thing or two not mentionable" is? Adderal? Modafinil? THC?

"giant balls", per the press release. http://www.prnewswire.com/news-releases/eat24-successfully-s...

Re: Yelp Buys Eat24 for $134M

#13

Earlier quoted context omitted.

"“All without taking a single dime in venture capital,” the company said in the news release. Eat24 attributes its success to hard work, chutzpah, comfortable shoes and a thing or two not mentionable in this publication." Anyone want to speculate what "a thing or two not mentionable" is? Adderal? Modafinil? THC?

"giant balls", per the press release. http://www.prnewswire.com/news-releases/eat24-successfully-s...

They also used porn actors to advertise.

Re: Yelp Buys Eat24 for $134M

#14
post #7

Will it be the end of eat24's weekend coupons? When they started they were regularly giving 3-4 bucks per coupon. Now, I can't remember the last time it wasn't $2, apart from those times when they teamed up with other companies like Paypal and gave away $10. I'm actually surprised it went on for so long, seems like an expensive way to help retention.

I talked to them once to get pricing and they wanted 12% of every order. I'm sure handing out coupons regularly isn't costing them much is worth more in boosting their ordering volume.
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