Yahoo Buys Stamped
Adam Rifkin stashed this in Yahoo!
Yahoo has bought Stamped, a 9-person New York City-based startup that built an iPhone app to let people record and share recommendations of their favorite things. The price tag is in the double-digit millions, we hear — a nice return for the startup’s star-studded list of investors including Ellen DeGeneres and Ryan Seacrest, who pitched a total of $3 million into the company.
Read more: http://stamped.com/learn-more
"We’re very happy to share some big news: Stamped has been acquired by Yahoo!."
"We will be discontinuing the Stamped product by the end of the year."
"As for our team’s next step, we couldn’t be more thrilled to join Yahoo!."
Haha... Classic post from their blog =)
What makes it classic? That the post looks like it was written by someone else? :)
Nah... just funny.
1. Startup is SUPER excited to be acquired.
2. By the way, we are shutting down the service.
3. Thanks for helping us get our next job (users), we are super stoked to be joining the new team!
I feel like it's the classic acquisition post which made me laugh...