Got a hot startup and wondering how to flip it? This week StumbleUpon's founder, Garret Camp, reveals how he went from launch to a $75 million dollar sale to eBay... and what life is like after acquisition.
$75 million: How does a browser plugin known best as a tool for discovering new webpages go for that kind of money? If you've got a hot startup... and you're wondering how to get it acquired, you'll want to watch this episode of the GigaOM Show.
This week, Garrett Camp, founder & chief product officer of StumbleUpon.com tells all. Learn how his company received startup funding and how he sold it to eBay Inc. Plus, what's StumbleUpon's company like after being acquired? Are they working as a standalone business or fully integrated with eBay?
Like a story out of a hollywood movie, Garrett created StumbleUpon while working on his masters at the University of Calgary. Yet, VC's from Silicon Valley did not discover the website's buzz until an avid StumbleUpon user sought to help fund the startup. The passionate angel investors provided $1.2 million in initial funding to help kick off the company. As the site's user traction increased, the Silicon Valley buzz ignited a frenzy among big companies looking to acquire it's mass social audience and unique social website suggestion tool. In late May 2007, eBay acquired StumbleUpon for $75 million.
Is Garrett still motivated with the future of StumbleUpon's success since its acquisition?
Garrett replies, "Personally, I want to see it through. I started it... and I feel a strong attachment to it."