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Data Consolidation: Infochimps Buys YC Startup Data Marketplace
- ig1 16y agoI 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.
- javery 16y agoThis is more of an asset sale since the founders won't be joining infochimps.
- stevedewald 16y agoYup, 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 http://www.propersuit.com if anyone's interested.
- RK 16y agoJust out of curiosity, what makes Proper Suit better than Indochino or others? Also, where are your suits made? I've never bought a suit online, but am considering.
- groyal 16y agoOne marketplace to rule them all! Man o man, too much LoTR.
- citizenkeys 16y agoThis 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.
- ig1 16y agoI'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.
- astarwithin 16y agoInfochimps 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. :)
- codypo 16y agoI 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.
- nducoff 16y agoThanks Cody!
- coderdude 16y agoCongratulations to both Data Marketplace and Infochimps. You guys are rockin this space.