Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by ig1 on Tuesday December 14, 2010 @10:57AM
(#2004528)
I was about to say "talent acquisition" but given they're keeping the tech it's probably not the right term. But the price point seems likely to be about that of a talent acquisition.
Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by stevedewald on Tuesday December 14, 2010 @02:34PM
(#2005396)
Yup, not a talent acquisition. Matt and I have both moved on to other things. I'm working on a retail initiative at http://www.propersuit.com if anyone's interested.
Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by citizenkeys on Tuesday December 14, 2010 @12:02PM
(#2004789)
This seems like a win for everybody: Infochimps gets to build its business, YC-funded founders get to exit profitably and move onto another project, Paul Graham & Co. claim another successful start-up, and YCombinator's share of the buyout money can fund more start-ups.
Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by ig1 on Tuesday December 14, 2010 @12:49PM
(#2004981)
I'm not sure YC made money out of this one, certainly not by angel standards. Angels invest with the aim of a 10x exit, because that's what they need from the successes to cover the cost of the failures (probably less in YC's case as they have a lower failure rate).
15k at 6% is a 250k valuation, Infochimps just took 1.2 million of investment themselves, so it's questionable whether they got a 1x multiple, a 4x+ multiple is out of the question. Infochimps don't have that kind of money.
Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by astarwithin on Tuesday December 14, 2010 @12:09PM
(#2004810)
Infochimps is bringing in the DataMarketPlace user base and community to expand its data sources and resources exponentially. This is only the beginning of what Infochimps could be. :)
Re:Data Consolidation: Infochimps Buys YC Startup Data Marke...
by codypo on Tuesday December 14, 2010 @12:24PM
(#2004888)
I agree. Infochimps has a whip-smart group of folks and they're rapidly acquiring the resources needed to be the major player in the data market. Not only that, but knowing a lot of them, they're genuinely decent, helpful people. It's great to see another Austin startup rocking and rolling.
I've never bought a suit online, but am considering.
15k at 6% is a 250k valuation, Infochimps just took 1.2 million of investment themselves, so it's questionable whether they got a 1x multiple, a 4x+ multiple is out of the question. Infochimps don't have that kind of money.