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And I heard they were profitable, which when combined with all those #s, makes the low acquisition price really fishy. $60m for all that is way too cheap. May
by nugget 11y ago
And I heard they were profitable, which when combined with all those #s, makes the low acquisition price really fishy. $60m for all that is way too cheap. Maybe Polyvore's CEO panic sold or had terrible bankers, but with $22M raised you would expect a professional board to have control and to be much more experienced. Growth could have totally stalled, or worse, started to reverse. I'd bet there's more to this story.
- strebler 11y agoI didn't see the $60M number, it's certainly cheaper than I'd expect. I agree, I wish I knew the full story!
- strebler 11y agohttp://recode.net/2015/08/03/yahoo-paid-around-200-million-for-polyvore-a-search-engine-for-fashion/ http://recode.net/2015/08/03/yahoo-paid-around-200-million-f... Apparently it was 200M, not 60M. I have to stick to my original hypothesis, Polyvore is more valuable than some realize.