Punchd has been acquired by Google
getpunchd.com
Punchd has been acquired by Google
1–10 of 27 posts
Re: Punchd has been acquired by Google
#2I was wondering why I saw someone retweet "We have NOT been acquired." from Punchd's account last week. Now comes the rest of the story.
And as always, congratulations! Great and fun business and I'm glad for Google that they picked them up.
Re: Punchd has been acquired by Google
#3FYI the transaction price was estimated at greater than $10mil.
http://techcrunch.com/2011/07/08/google-to-buy-mobile-loyalt...
I like the product and am excited for the team, but $10mil seems a bit high to me for a pretty early product. I'm assuming that this will eventually roll into Google wallet as a competitor to Square's card case.
In any case, this is great news for the young team - looks like they'll continue their work but within the confines of Google. Looks like Dave McClure's hypothesis is getting stronger by the day with a few 500 startups companies getting snapped up recently (Backtype to Twitter and Cardmunch to Linkedin).
(disclosure- we're a fellow 500startups company - go 500!)
Re: Punchd has been acquired by Google
#4I met Reed at StartupSchool last year, he was pretty passionate about this project -- and it was clear they were on to something. I hope Google continues the project, there's lots of potential here. Congrats to the team!
Re: Punchd has been acquired by Google
#5Did an Ask HN on this a few months ago (http://news.ycombinator.com/item?id=1897331). Knew the responses would be pretty biased, but it was still encouraging. Glad I heeded you all.
Re: Punchd has been acquired by Google
#6Did an Ask HN on this a few months ago ( http://news.ycombinator.com/item?id=1897331 ). Knew the responses would be pretty biased, but it was still encouraging. Glad I heeded you all.
Wow, no joke. Really cool to see Cal Poly grads doing big stuff, especially from the Android Dev classes. Missed that one by a quarter :)
Re: Punchd has been acquired by Google
#7I met Reed at StartupSchool last year, he was pretty passionate about this project -- and it was clear they were on to something. I hope Google continues the project, there's lots of potential here. Congrats to the team!
Reed is a bad ass
Re: Punchd has been acquired by Google
#8Congrats to Punchd, have met the team and they are all incredibly talented. It will be exciting to see their product realized via Google.
Re: Punchd has been acquired by Google
#9FYI the transaction price was estimated at greater than $10mil. http://techcrunch.com/2011/07/08/google-to-buy-mobile-loyalt... I like the product and am excited for the team, but $10mil seems a bit high to me for a pretty early product. I'm assuming that this will eventually roll into Google wallet as a competitor to Square's card case. In any case, this is great news for the young team - looks like they'll continue…
Agreed. Given it's a nascent product with few users/retailers and low barrier to entry (there are at least a dozen similar scan-code-for-punch-card apps), it sounds like a pure talent buy. And $10MM sounds high if that is truly the case.
Re: Punchd has been acquired by Google
#10 Super Secure
Patent-pending technology guarantees the integrity
of your loyalty program. GPS triangulation, velocity
analysis, and statistical variation keep things secure.