Re:Intuit To Acquire Mint For $170 Million
by bmelton on Monday September 14, 2009 @03:52PM
(#822472)
But we don't know that Yodlee isn't doing 170M revenues a year either. Getting aquired and making money don't necessarily equate to each other in the most obvious ways.
Youtube was a huge money sink, and got a huge acquisition. Mint is, I believe at least, somewhat profitable, and only got $170M. The timing had a lot more to do with it than anything, but as a consumer, I'm a LOT more likely to give money to Mint than Youtube, and the YouTube founders are arguably a lot richer than the Mint founders.
Youtube was a huge money sink, and got a huge acquisition. Mint is, I believe at least, somewhat profitable, and only got $170M. The timing had a lot more to do with it than anything, but as a consumer, I'm a LOT more likely to give money to Mint than Youtube, and the YouTube founders are arguably a lot richer than the Mint founders.