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Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

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31–40 of 113 posts

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#31
post #13

For those keeping score, this gives another win for Khosla Ventures, SV Angel, a16z, and First Round. Here's the tally for those who invested in companies that have been acquired by Y! since Mayer took over: CrunchFund - 3 (Stamped, GoPollGo, Tumblr) True Ventures - 3 (OnTheAir, Snip.It, Lexity) Khosla Venture - 3 (Snip.It, Xobni, Rockmelt) SV Angel - 3 (Snip,It, Xobni, Rockmelt) Google Ventures - 2 (Astrid & Stamped…

Have they acquired any companies that were 100% bootstrapped?

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#32

Does anyone have any real insight into the strategy behind all of these acquisitions? Apart from blasé speculation about acqui-hiring (for what products?) and supposition that Yahoo executives are merely stupid, I'd be interested to understand the broader pattern. It's a real news story, and something is going on. There is a strategy. What is it?

Rockmelt has (had) a very strong leadership team (founders were very successful in the 90s), and a number of strong engineers. It seems clear that this is an acquisition for talent, since they're shutting the product down with less than 30 days' notice. For <$70MM, that could be a relatively cheap acquisition of talent that has proven their ability to make things (if not necessarily proven their ability to make a pro…

For

How much money Rockmelt raised says little about how good of a deal Yahoo received. The reverse may be true: Yahoo may have had to pay way more than the real value simply to ensure a return to the investors, not because it valued the company at the price paid.

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#34
post #19
post #4

Earlier quoted context omitted.

According to the article that this comment of mine discusses: https://news.ycombinator.com/item?id=6141238 that's the only way they've found to acquire mobile talent after treating it very badly in times past. Sounds like no matter how energetic the recruiting, people in this field aren't going to jump to them unless they have little or no choice. Key sentence fragment: " In each instance, Yahoo has locked up enginee…

Having never been in this situation, what stops a developer from signing and doing almost no work for Y! while they ride out their contract? I feel like if they get fired they could just claim that Y! didn't want to pay them, so they fired them instead.

A lot of people do this.

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#35

Does anyone have any real insight into the strategy behind all of these acquisitions? Apart from blasé speculation about acqui-hiring (for what products?) and supposition that Yahoo executives are merely stupid, I'd be interested to understand the broader pattern. It's a real news story, and something is going on. There is a strategy. What is it?

Rockmelt has (had) a very strong leadership team (founders were very successful in the 90s), and a number of strong engineers. It seems clear that this is an acquisition for talent, since they're shutting the product down with less than 30 days' notice. For <$70MM, that could be a relatively cheap acquisition of talent that has proven their ability to make things (if not necessarily proven their ability to make a pro…

Many people were very successful in the 90s... It was way too easy, not necessarily an indication of talent or strong leadership.

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#36
post #13

For those keeping score, this gives another win for Khosla Ventures, SV Angel, a16z, and First Round. Here's the tally for those who invested in companies that have been acquired by Y! since Mayer took over: CrunchFund - 3 (Stamped, GoPollGo, Tumblr) True Ventures - 3 (OnTheAir, Snip.It, Lexity) Khosla Venture - 3 (Snip.It, Xobni, Rockmelt) SV Angel - 3 (Snip,It, Xobni, Rockmelt) Google Ventures - 2 (Astrid & Stamped…

Have they acquired any companies that were 100% bootstrapped?

Playerscale is the one off the top of my mind that was totally self-funded.

In addition, I could not find funding data on a few others when completing my research so not sure if self-funded or not: Alike, Loki Studios, GhostBird Software, Rondee, Ztelic

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#37
post #4

Earlier quoted context omitted.

According to the article that this comment of mine discusses: https://news.ycombinator.com/item?id=6141238 that's the only way they've found to acquire mobile talent after treating it very badly in times past. Sounds like no matter how energetic the recruiting, people in this field aren't going to jump to them unless they have little or no choice. Key sentence fragment: " In each instance, Yahoo has locked up enginee…

Has Yahoo ever tried to offer $500,000+ to rockstar mobile devs? Until it tries that, it is lame to argue that it must get talent from deadpooled companies.

That doesn't get the same PR as all this M&A activity. And the PR helps them get more talent.

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#38
post #13

For those keeping score, this gives another win for Khosla Ventures, SV Angel, a16z, and First Round. Here's the tally for those who invested in companies that have been acquired by Y! since Mayer took over: CrunchFund - 3 (Stamped, GoPollGo, Tumblr) True Ventures - 3 (OnTheAir, Snip.It, Lexity) Khosla Venture - 3 (Snip.It, Xobni, Rockmelt) SV Angel - 3 (Snip,It, Xobni, Rockmelt) Google Ventures - 2 (Astrid & Stamped…

Other than Tumblr, it seems like all the other acquisitions were of companies that were on their way down. Edit: Also add Lexity to the list with Tumblr.

Lexity also had a business model and were solving a legitimate problem.

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#39
post #13

For those keeping score, this gives another win for Khosla Ventures, SV Angel, a16z, and First Round. Here's the tally for those who invested in companies that have been acquired by Y! since Mayer took over: CrunchFund - 3 (Stamped, GoPollGo, Tumblr) True Ventures - 3 (OnTheAir, Snip.It, Lexity) Khosla Venture - 3 (Snip.It, Xobni, Rockmelt) SV Angel - 3 (Snip,It, Xobni, Rockmelt) Google Ventures - 2 (Astrid & Stamped…

How many of these had reported valuations?

Re: Yahoo Has Acquired Rockmelt, Apps To Shut Down On August 31st

#40
post #13

For those keeping score, this gives another win for Khosla Ventures, SV Angel, a16z, and First Round. Here's the tally for those who invested in companies that have been acquired by Y! since Mayer took over: CrunchFund - 3 (Stamped, GoPollGo, Tumblr) True Ventures - 3 (OnTheAir, Snip.It, Lexity) Khosla Venture - 3 (Snip.It, Xobni, Rockmelt) SV Angel - 3 (Snip,It, Xobni, Rockmelt) Google Ventures - 2 (Astrid & Stamped…

Other than Tumblr, it seems like all the other acquisitions were of companies that were on their way down. Edit: Also add Lexity to the list with Tumblr.

That doesn't seem totally fair. To say they were on their way down is pretty negative. Sure maybe some of their explosive growth was slowing down but I know more than a few still had some tricks up their sleeves. Outside of Tumblr and Lexity, Astrid and Summly were poised to continue to innovate since the founders/team have products that continue to surprise.

At the end of the day, some of the startups are by founders who are pretty early in their careers (e.g. Summly) and would like to have a win under their belt. Yahoo's shopping spree seems to validate a lot of successful products not just in terms of popularity but also talent and product innovation.

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