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AngelList Acquires Product Hunt (fortune.com)

Posted by msmash on from the big-shark,-small-shark dept.

Product Hunt, an online community of tech product enthusiasts, is no longer going at it alone. The three-year-old San Francisco startup said Thursday it is being acquired by AngelList, a popular crowdfunding platform for startups and angel investors. From a report on Fortune: Though Product Hunt is still a very young startup, it's not hard to see why it made the move to sell to AngelList. Product Hunt debuted three years ago, almost to the day-- founder Ryan Hoover and a friend, Nathan Bashaw, put together the original version of the website during the Thanksgiving weekend. Hoover had initially experimented with sharing apps and other tech products with a small group of friends via email newsletters. The site quickly grew in reputation among Silicon Valley insiders and tech enthusiasts everywhere as a place to share and find new or interesting apps, gadgets, and tech tools. It even had a small job board, which was Product Hunt's first source of revenue. Product Hunt also said it will continue to operate independently.

14 of 25 comments (clear)

  1. This is great news! by Anonymous Coward · · Score: 3, Funny

    The other day I was lying in bed thinking about Product Hunt's future. It caused me great distress, so much so, that even a warm glass of milk could not calm my frayed nerves.
    This brings me great joy, not just on a personal level, but also on a spiritual level knowing that the few folks who created a web site out of a bunch of public code, can now retire wealthy without accomplishing much. They truly deserve it and have now set the bar to a standard that few of us will be able to reach.

  2. How is this "stuff that matters"? by HBI · · Score: 3, Informative

    In other important news, I heard the local sewage plant is shutting down a valve for cleanup.

    --
    HBI's Law: Frequency of calling others Nazis is directly correlated with the likelihood of the accuser being Communist.
  3. Who acquired what now? by Chmarr · · Score: 4, Insightful

    Maybe I've been living under a rock (shut up, it's a comfortable rock!), but I have not heard of either of these two companies so... why should I care?

    1. Re:Who acquired what now? by mattack2 · · Score: 1

      You must NEVER see commercials (as much as I avoid them, I still see them), because Angie's List does commercials, and AFAIK does podcast commercials too.. She also does a newspaper column.

      Angie's List -- the place that I think most people, including me, start off describing as "Oh, you mean the Yelp! that you have to pay for?".

      Though the last episode of the "How I Built This" podcast was about Angie's List, and was entertaining. It was more work and started up earlier than I had thought. I'm still not going to subscribe to Angie's List, but it was entertaining.

    2. Re:Who acquired what now? by CannonballHead · · Score: 1

      s/Angie's List/AngelList/ :)

    3. Re:Who acquired what now? by mattack2 · · Score: 1

      HAHAHAHA!!!!

      Wow, I love it when the brain misreads/"fixes" something _over and over_.

    4. Re:Who acquired what now? by Heart44 · · Score: 1

      Actually, I had a look at Product Hunt and liked it - lots of good ideas. No, I have no association with either companies and have never heard of either before this slashdot post. I am quite happy to have a slashvertisement that is this interesting.

    5. Re:Who acquired what now? by NonUniqueNickname · · Score: 1

      Maybe I've been living under a rock (shut up, it's a comfortable rock!), but I have not heard of either of these two companies so... why should I care?

      So you're saying you've never heard of slashvertisement under your rock? Must be a really nice rock.

  4. Just pointing these out by TanjaTheMoogle · · Score: 2

    >>"Hoover had initially experimenting with sharing apps..." >>"Product Hunt also said it will continue to operate idependently." .... just pointing those out.

  5. So what's the new company gonna be called by Rosco+P.+Coltrane · · Score: 2

    AngelHunt? Sounds like the name of a pedo website...

    --
    "A door is what a dog is perpetually on the wrong side of" - Ogden Nash
  6. In other news... by DidgetMaster · · Score: 1

    SomeCompanyINeverHeardOf acquired SomeOtherCompanyFromWhoKnowsWhere for $LudicrousAmount to do SomethingCompletelyForeignToMe so that I am completely jealous that I didn't think of it first.

  7. Acquires a community? by drinkypoo · · Score: 1

    Product Hunt, an online community of tech product enthusiasts, is no longer going at it alone. The three-year-old San Francisco startup said Thursday it is being acquired by AngelList,

    No. Product Hunt, a web startup, is no longer going at it alone. Its community is probably hoping it doesn't get shit upon by AngelList. Acquiring a community is what you call it when you enslave a whole village at once.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  8. Re:Unbleievable. by Hognoxious · · Score: 1

    Clearly they're complete bell-ends, but I wish I could do it.

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  9. Re:Monitized! by lxs · · Score: 1

    To me "tech product enthusiasts" conjures up the image of mindless consumers of pointless gadgets and those who market to them. People who have sold out long ago. At least they still have their Wifi kettles to keep them warm at night.