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Anyone have insight into the sale price? Hipmunk raised $55M over 7 rounds [1] and had 51 employees [2]. [1] https://www.crunchbase.com/organization/hipmunk#/
by alberth 10y ago
Anyone have insight into the sale price?
Hipmunk raised $55M over 7 rounds [1] and had 51 employees [2].
[1] https://www.crunchbase.com/organization/hipmunk#/entity https://www.crunchbase.com/organization/hipmunk#/entity
[2] https://www.hipmunk.com/about https://www.hipmunk.com/about
- benjaminRRR 10y agoMy guess is that, given it has not been disclosed, the investors got as much of their money back as they could through liquidation preferences and there's not much to get excited about after that.
- dexterdog 10y agoThe employees are probably (mostly) getting to keep their jobs.
- exelius 10y agoGenerally when numbers aren't released, it's an acquihire. Which means it probably went for less than the amount they raised. It became obvious that Hipmunk was never going to be a 100x growth company, and the industry is not headed in a positive direction for small companies (access to accurate data is increasingly a roadblock), so I'm guessing the investors were happy to get out before the value of the company was zero. I'm sure the employees were given optional retention packages, and the executives likely compensated very well, but I wouldn't expect anyone got rich here.