FlightCaster (YC S09) Acquired • Hacker News Board

Re: FlightCaster (YC S09) Acquired

#21

Post by omeega » Mon, Jan 10, 2011, 6:39 PM UTC

Shouldn't we reserve the "congratulations" until more info is provided about the terms (price) of the deal.EG- Pownce.com wasn't congratulated for being acquired.

Re: FlightCaster (YC S09) Acquired

#22

Post by jackowayed » Mon, Jan 10, 2011, 6:50 PM UTC

omeega wrote: post #21

Shouldn't we reserve the "congratulations" until more info is provided about the terms (price) of the deal.EG- Pownce.com wasn't congratulated for being acquired.

Pownce was floundering because Twitter basically made them irrelevant. Flightcaster hasn't been around all that long and seemed to be doing fine. It's pretty unlikely that they sold for a price that they're unhappy with.

Re: FlightCaster (YC S09) Acquired

#23

Post by ameyamk » Mon, Jan 10, 2011, 6:58 PM UTC

jacquesm wrote: post #20

ameyamk wrote: post #19

Why next jump acquired flightcaster? (May be they also want to combine their ecommerce shop with flights along with price predictions data as a differentiator) but why?

> Why next hump acquired flightcaster? Freudian slip or typo?

:-) Fixed

Re: FlightCaster (YC S09) Acquired

#24

Post by tptacek » Mon, Jan 10, 2011, 7:02 PM UTC

vidar wrote: post #11

random42 wrote: post #7

Earlier quoted context omitted.

The price of the deal wasn’t disclosed. http://techcrunch.com/2011/01/10/next-jump-acquires-flightca...

I was aware of that, I was hoping for some "word on the street" type of information.

When private companies buy other private companies it's often equity-only. Here it's trickier because Next Jump is older and also gearing up for an IPO. It could be cash, or it could be very attractive equity. It doesn't seem like it'd have been a fire sale.

Re: FlightCaster (YC S09) Acquired

#25

Post by Ixiaus » Mon, Jan 10, 2011, 7:10 PM UTC

jacquesm wrote: post #13

Super news for you guys, that's less than 18 months from launch to acquisition, really cool. What I really love about this deal is this line: "Before we go any further, let us address our users. FlightCaster.com will stay right where it is and continue to provide flight delay prediction for free. We're also making our mobile app free -- you can download it now. We'll continue to use our powerful algorithms to predict…

Yeah, it being a merger of interests rather than a strategic takeover will serve both the companies well.

Re: FlightCaster (YC S09) Acquired

#26

Post by tomtc » Mon, Jan 10, 2011, 7:12 PM UTC

vidar wrote: post #11

random42 wrote: post #7

Earlier quoted context omitted.

The price of the deal wasn’t disclosed. http://techcrunch.com/2011/01/10/next-jump-acquires-flightca...

I was aware of that, I was hoping for some "word on the street" type of information.

http://techcrunch.com/2010/12/22/confirmed-motorola-mobility... http://techcrunch.com/2011/01/05/yousendit-buys-email-collab... http://techcrunch.com/2011/01/10/next-jump-acquires-flightca...

Third exit by Tandem Entrepreneurs in less than a month -- ZumoDrive, Attassa, and now FlightCaster. All for undisclosed terms.

Re: FlightCaster (YC S09) Acquired

#27

Post by jdp23 » Mon, Jan 10, 2011, 7:34 PM UTC

JacobAldridge wrote: post #5

"We're pleased to announce that FlightCaster has been acquired by Next Jump Inc. It's a good day here at FlightCaster HQ (freakin' phenomenal day!), and we're stoked about the new possibilities. " How much better an opening statement is that, when compared to generic PR shrill about XYZ Co joining with ABC Ltd to provide blah blah blah leverage. Made me even more excited for the team and FlightCaster users.

Agreed, great announcement. Congratulations!

Re: FlightCaster (YC S09) Acquired

#28

Post by skmurphy » Mon, Jan 10, 2011, 8:03 PM UTC

tomtc wrote: post #26

vidar wrote: post #11

Earlier quoted context omitted.

I was aware of that, I was hoping for some "word on the street" type of information.

http://techcrunch.com/2010/12/22/confirmed-motorola-mobility... http://techcrunch.com/2011/01/05/yousendit-buys-email-collab... http://techcrunch.com/2011/01/10/next-jump-acquires-flightca... Third exit by Tandem Entrepreneurs in less than a month -- ZumoDrive, Attassa, and now FlightCaster. All for undisclosed terms.

At first I thought tomtc meant that ex-Tandem computers folks had been part of these startups, But he is talking about http://www.tandementrepreneurs.com/

Re: FlightCaster (YC S09) Acquired

#29

Post by skmurphy » Mon, Jan 10, 2011, 8:06 PM UTC

jackowayed wrote: post #22

omeega wrote: post #21

Shouldn't we reserve the "congratulations" until more info is provided about the terms (price) of the deal.EG- Pownce.com wasn't congratulated for being acquired.

Pownce was floundering because Twitter basically made them irrelevant. Flightcaster hasn't been around all that long and seemed to be doing fine. It's pretty unlikely that they sold for a price that they're unhappy with.

Not clear what the real situation was and it may be difficult to determine for a while. They clearly abandoned their initial business and business model completely, no shame in that, but this may just be a talent acquisition.

Re: FlightCaster (YC S09) Acquired

#30

Post by pstcm » Mon, Jan 10, 2011, 8:17 PM UTC

skmurphy wrote: post #28

tomtc wrote: post #26

Earlier quoted context omitted.

http://techcrunch.com/2010/12/22/confirmed-motorola-mobility... http://techcrunch.com/2011/01/05/yousendit-buys-email-collab... http://techcrunch.com/2011/01/10/next-jump-acquires-flightca... Third exit by Tandem Entrepreneurs in less than a month -- ZumoDrive, Attassa, and now FlightCaster. All for undisclosed terms.

At first I thought tomtc meant that ex-Tandem computers folks had been part of these startups, But he is talking about http://www.tandementrepreneurs.com/

sherpalo http://www.sherpalo.com/ has invested in these companies too.