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Generally 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 wa
by exelius 10y ago
Generally 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.