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I'm shocked by how quickly Homejoy seems to have folded. It was viewed as a baby Unicorn around Silicon Valley. Hopefully a more detailed post mortum will com
by nugget 11y ago
I'm shocked by how quickly Homejoy seems to have folded. It was viewed as a baby Unicorn around Silicon Valley. Hopefully a more detailed post mortum will come out in the press in the next couple weeks.
- danieltillett 11y agoI’m shocked that Homejoy got any investor money at all. In what rational universe could Homejoy have been a baby unicorn?
- boomshucka 11y agoCome on, it was mobile, and on demand services. So hot right now. I'm just surprised they didn't get a late stage round at a $1 billion+ valuation by the sophisticated investing folks at Fidelity etc.
- danieltillett 11y agommm. I guess if they could get $1 from investors why not a $100 million. I would have loved to see what was in their pitch deck as I can’t imagine a worse industry to try and build a unicorn.
- deleted 11y ago[deleted]
- boomshucka 11y agoSlide 1: Mobile, on demand services. So hot right now.
- runnr_az 11y agoI wonder what happened to all that money? Surely, it couldn't have cost that much to operate?
- presty 11y agoI'm very shocked by this too. Is there no money being returned to the investors via a sell? 40M is a lot of dough... GV can write it off with the acqui-hiring, but what about the others, specially First Round? I feel like the story behind Homejoy would make a great series of blogposts