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AngelList Acquires Product Hunt (fortune.com)
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.
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.
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.
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?