Garrett Camp, StumbleUpon
Thursday, January 17th, 2008 running time 11:08
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."
Highlights
Silicon Valley
(
1:05, 1:39, 1:46, 2:06, 5:42, 1:05, 1:39, 1:46, 2:06, 5:42
)
GigaOm
(
0:20, 0:20
)
lashing
(
1:37, 1:37
)
Liz
(
0:27, 0:27
)
Silicon Valley
(
1:05, 1:39, 1:46, 2:06, 5:42, 1:05, 1:39, 1:46, 2:06, 5:42
)
GigaOm
(
0:20, 0:20
)
lashing
(
1:37, 1:37
)
Liz
(
0:27, 0:27
)
Automatically Generated Transcript(may not be 100% accurate) ( more )
" Hello welcome to the GigaOM show -- with him and his game. And little rejoining the in this week in homes at the as a cohost and I don't know Liz is the editor of new TV dot com thanks for joining us. The want to Telerate like this for today. We're going to be spending most episode talking to Gary -- cofounder of stumble upon the startup that helps you discover new web site. And he sold his company eBay last year so even though he only moved here. Quite recently only target company. Straight out of grad school he cannot expect that we're going to consider him on an expert pundits tell a little bit about how to get through started experience. And it's a special. Interview for rejoice because you -- know she spent last. Few years as a start employer in Silicon Valley citizens really are storms that in my business to bill I can't. It still wasn't just jump right into victory interview with --"
" Hello welcome back -- today -- guest is -- camp founder of stumble upon. Thanks for joining us today there are certain and lot of people know you guys were lashing out hot Canadian startup that came down here to Silicon Valley and -- Amazing exit that you deal last year why should tell us a little bit about. How you got the Silicon Valley and what made you decide to leave here your roots in Canada."
" We got to sort of the company back in. -- which doesn't want -- that doesn't want so it was a but almost four year period before we had moved down. And has been what happened time and grad school -- in my thesis. And mythical -- for working part time and the locals well. -- we never really we're kind of in the Silicon Valley scene we were Guillermo leave we actually getting some pretty good traction but it is pretty international and concentrated. Or -- about so we've really got noticed the people who were actually. On in the valley and then probably run the in this 1005 yesterday it will would interest from investors. And we actually couple people who were angels who became -- angels reach out to us through stumble upon."
" So how much -- is in your initial funding out of the one point two so then. You've grown pretty fast and UV came knocking me. Wasn't that what you expected to happen that -- we you guys shopping around or being actively shopped by other people."
" Not really mean we we never you know official -- anything we just kind of industry to talk to people and you know. People reach out obviously for the companies and went through your shoes off switch -- and put -- over Georgia which I would have a pretty much everyone just kind of a --"
" Though Google Yahoo! go on -- well all the obvious ones of Microsoft."
" The list here but it. But we talked for -- everyone and and that you always sort of off course like okay well maybe we do some contribution deal things like that. Arms in time we are talking to be season. Is a permanent -- interest. -- doing another -- in the round. Because we basically had gone through most of the money so when people were talking Cuba position re able to the same kind of valuation that look at that stumble upon account and -- that really understood little guy and has hit look at their. -- as much but I definitely look that. You know whether from the -- your questions you can tell how much they used it and just in kind of brings from sessions you could see. How much they -- the idea what that has proven worse I think that that was definitely as I was doing a strong suit for an -- Yeah I mean they also really supportive of the idea being Independent. And not just doing an -- integration where also mutual in the technology. They realize that they like the brand thought it was an external business and they were basically willing to give us you know for years to just try and see how will we could. -- the situation you're not integrating much not really and we got a little to immigration but for the most part newspaper Independent we've rocket from the Francisco. Or in particular night IT. So it's pretty there's and to tuition we're definitely kind of a little start up with an easy way."
" Right which is -- because when you see a lot of the tech. I positions that are going on very few of them are part with the intent of being a stand alone business most them are acquired because there's a complimentary service. Or some way of expanding user basis I user base or not and I think a lot of people were confused as to how with somewhat on the integrated in their long term plan and is that the users that -- it was -- an -- how do you see them integrating you know 45 understand --"
" How we're still trying to figure exactly what we want to do. And I think that product recommendation discovery makes sense the most times. I'm so that's the kind of thing that we've thought about -- there's no consequences point. I was so focused much more news category so myself. And we think that also as we get bigger -- YouTube because. Terms and number of people we're told us when people and you know he's going to. It's a huge hit entered the all resources required to actually. Two integration could support -- users -- people alters."
" But at the same time when you are bought and someone gives you lot of money. You have that -- in some incentive kind of get reduced mean what. Like what's in it for you what motivates yeah."
" What is a little incentive but I don't personally for me -- thought just there -- conceived through -- mean you know. Started it -- can with a name like to put it I feel a strong attachment to its own as partial you know -- And it's a little bit -- incentive but again I think it you know. That something will figure out of."
" Go back to the whole life's toughest -- youth and this. Very short span of two years of Silicon Valley have gone from being someone who recently -- new entrances to the scene to scene season that right he went through the entire life cycle of funding for live -- an answer for. Looking back what would. What would you have done definitely what would you do differently or recommend to people who are going through the released financing stage when they're not from Silicon -- not here at the events. And are really trying to get a foothold and in this industry."
" I think one thing is just to find a couple really -- tools. That definitely our ability to experience instead of going straight to BC -- advocate Angeles -- when you add them money. I think it depends I don't want somebody that's coming up this coming up I don't."
" Get involved actually gave him money I think there's the angels are more handoff."
" And just want to see we'll take it then -- that are actively on the pavement for me I thought the hands unfortunately better and several of angels were very involved with at least especially in the history Democrats volunteering you completely new -- I -- we I don't know anything so basically you know rely on meeting these guys you know. And that kind of like guidance for the first -- was it was really important but what about one thing not to do. -- Make -- mean every every kind of mystery -- know what this person doing that we should try that and don't be sweetly every single little thing that people could think if you if you -- different for years and you understand it you know you don't want to discuss -- what are people doing. And then can lose focus here provision so we were pretty good of a sticking to what we initially you know. We. One -- that is we gave fairly generous comments to. Our advisors the angels. And that was kind of Anderson with a wider interest."
" How -- it work with with advising you often he companies giving a small. Comments not to their violence Iowa with the angels usually angels effort."
" Yes most angels have -- but three who had Kosovo and they were cute with that your system and take common with age it was in addition. The book on condition so as a buyer for them but it was basically the way that they would then going to be part of a team and."
" Actually relying of the founders exactly right that's action -- point where you do see. Some acquisitions occurring where it's not as positive where. All the money -- the -- right and there's not enough left over for the comments on colas which is leaving translates to not enough for the founders and their employees and not. So I guess. Getting your investors common as well enough that it's worth it for them."
" Particularly people are going to be actively involved in -- people we're going to be just gonna hands off that. People are you gonna meet actually every week won't console with a good thing to do so then what's next system will hunting. I don't we're just I don't really focused on hire him promote twenty I think I actually twenty people now. As the -- hopefully -- forty people in the next year. Or most of hiring engineers researchers. And then try to just kind of polish her entire we've already got it before pretty good products. We -- what we don't need to this -- necessarily release pollution stuff. We economy will be a better able to better concert reviews and I at last question for our viewers here what's your favorite stumble fight that you come across. That's typical question I think recently. One I really enjoyed was called -- exception. And it's interesting kind of collection of images that someone had had. Put together. People what people thought it would look like back in the 1960s. And is an interesting are hurt in patterns and and it really is a collection kind of visual content. And it was one of the most populous states that is."
" With the locals will be sure to check that out. Thanks for joining me really appreciated having you here you know platinum and will be right back with some viewer feedback yeah."
" Welcome back and now it's time for some viewer feedback in our forums. I like the show's host and the content after watching a few shows it contains more material in a short time span than many other interview style shows. Thanks for reading and we're trying to keep it departed so we love hearing I'll --"
" We also got a comment from master yes in the form. We don't use this word and -- dot com because -- the sites I'm just gonna make up something else speaks to. Holy -- he's only a year older than me I gotta cut down on this triple cheeseburgers. Get well and just a quick update I don't help he's doing very well. But you. Keeping a low profile these days trying to make sure -- that he'd give himself enough time for his body to completely healed -- Combatant does this show and -- and I think republika."
" But he didn't get everybody's comments and he was a personal support in the meantime you can keep reading and two -- go home at revision3.com. And we'll look forward -- come into next week to."
" The get go home should go."
" Hello welcome to the GigaOM show -- with him and his game. And little rejoining the in this week in homes at the as a cohost and I don't know Liz is the editor of new TV dot com thanks for joining us. The want to Telerate like this for today. We're going to be spending most episode talking to Gary -- cofounder of stumble upon the startup that helps you discover new web site. And he sold his company eBay last year so even though he only moved here. Quite recently only target company. Straight out of grad school he cannot expect that we're going to consider him on an expert pundits tell a little bit about how to get through started experience. And it's a special. Interview for rejoice because you -- know she spent last. Few years as a start employer in Silicon Valley citizens really are storms that in my business to bill I can't. It still wasn't just jump right into victory interview with --"
" Hello welcome back -- today -- guest is -- camp founder of stumble upon. Thanks for joining us today there are certain and lot of people know you guys were lashing out hot Canadian startup that came down here to Silicon Valley and -- Amazing exit that you deal last year why should tell us a little bit about. How you got the Silicon Valley and what made you decide to leave here your roots in Canada."
" We got to sort of the company back in. -- which doesn't want -- that doesn't want so it was a but almost four year period before we had moved down. And has been what happened time and grad school -- in my thesis. And mythical -- for working part time and the locals well. -- we never really we're kind of in the Silicon Valley scene we were Guillermo leave we actually getting some pretty good traction but it is pretty international and concentrated. Or -- about so we've really got noticed the people who were actually. On in the valley and then probably run the in this 1005 yesterday it will would interest from investors. And we actually couple people who were angels who became -- angels reach out to us through stumble upon."
" So how much -- is in your initial funding out of the one point two so then. You've grown pretty fast and UV came knocking me. Wasn't that what you expected to happen that -- we you guys shopping around or being actively shopped by other people."
" Not really mean we we never you know official -- anything we just kind of industry to talk to people and you know. People reach out obviously for the companies and went through your shoes off switch -- and put -- over Georgia which I would have a pretty much everyone just kind of a --"
" Though Google Yahoo! go on -- well all the obvious ones of Microsoft."
" The list here but it. But we talked for -- everyone and and that you always sort of off course like okay well maybe we do some contribution deal things like that. Arms in time we are talking to be season. Is a permanent -- interest. -- doing another -- in the round. Because we basically had gone through most of the money so when people were talking Cuba position re able to the same kind of valuation that look at that stumble upon account and -- that really understood little guy and has hit look at their. -- as much but I definitely look that. You know whether from the -- your questions you can tell how much they used it and just in kind of brings from sessions you could see. How much they -- the idea what that has proven worse I think that that was definitely as I was doing a strong suit for an -- Yeah I mean they also really supportive of the idea being Independent. And not just doing an -- integration where also mutual in the technology. They realize that they like the brand thought it was an external business and they were basically willing to give us you know for years to just try and see how will we could. -- the situation you're not integrating much not really and we got a little to immigration but for the most part newspaper Independent we've rocket from the Francisco. Or in particular night IT. So it's pretty there's and to tuition we're definitely kind of a little start up with an easy way."
" Right which is -- because when you see a lot of the tech. I positions that are going on very few of them are part with the intent of being a stand alone business most them are acquired because there's a complimentary service. Or some way of expanding user basis I user base or not and I think a lot of people were confused as to how with somewhat on the integrated in their long term plan and is that the users that -- it was -- an -- how do you see them integrating you know 45 understand --"
" How we're still trying to figure exactly what we want to do. And I think that product recommendation discovery makes sense the most times. I'm so that's the kind of thing that we've thought about -- there's no consequences point. I was so focused much more news category so myself. And we think that also as we get bigger -- YouTube because. Terms and number of people we're told us when people and you know he's going to. It's a huge hit entered the all resources required to actually. Two integration could support -- users -- people alters."
" But at the same time when you are bought and someone gives you lot of money. You have that -- in some incentive kind of get reduced mean what. Like what's in it for you what motivates yeah."
" What is a little incentive but I don't personally for me -- thought just there -- conceived through -- mean you know. Started it -- can with a name like to put it I feel a strong attachment to its own as partial you know -- And it's a little bit -- incentive but again I think it you know. That something will figure out of."
" Go back to the whole life's toughest -- youth and this. Very short span of two years of Silicon Valley have gone from being someone who recently -- new entrances to the scene to scene season that right he went through the entire life cycle of funding for live -- an answer for. Looking back what would. What would you have done definitely what would you do differently or recommend to people who are going through the released financing stage when they're not from Silicon -- not here at the events. And are really trying to get a foothold and in this industry."
" I think one thing is just to find a couple really -- tools. That definitely our ability to experience instead of going straight to BC -- advocate Angeles -- when you add them money. I think it depends I don't want somebody that's coming up this coming up I don't."
" Get involved actually gave him money I think there's the angels are more handoff."
" And just want to see we'll take it then -- that are actively on the pavement for me I thought the hands unfortunately better and several of angels were very involved with at least especially in the history Democrats volunteering you completely new -- I -- we I don't know anything so basically you know rely on meeting these guys you know. And that kind of like guidance for the first -- was it was really important but what about one thing not to do. -- Make -- mean every every kind of mystery -- know what this person doing that we should try that and don't be sweetly every single little thing that people could think if you if you -- different for years and you understand it you know you don't want to discuss -- what are people doing. And then can lose focus here provision so we were pretty good of a sticking to what we initially you know. We. One -- that is we gave fairly generous comments to. Our advisors the angels. And that was kind of Anderson with a wider interest."
" How -- it work with with advising you often he companies giving a small. Comments not to their violence Iowa with the angels usually angels effort."
" Yes most angels have -- but three who had Kosovo and they were cute with that your system and take common with age it was in addition. The book on condition so as a buyer for them but it was basically the way that they would then going to be part of a team and."
" Actually relying of the founders exactly right that's action -- point where you do see. Some acquisitions occurring where it's not as positive where. All the money -- the -- right and there's not enough left over for the comments on colas which is leaving translates to not enough for the founders and their employees and not. So I guess. Getting your investors common as well enough that it's worth it for them."
" Particularly people are going to be actively involved in -- people we're going to be just gonna hands off that. People are you gonna meet actually every week won't console with a good thing to do so then what's next system will hunting. I don't we're just I don't really focused on hire him promote twenty I think I actually twenty people now. As the -- hopefully -- forty people in the next year. Or most of hiring engineers researchers. And then try to just kind of polish her entire we've already got it before pretty good products. We -- what we don't need to this -- necessarily release pollution stuff. We economy will be a better able to better concert reviews and I at last question for our viewers here what's your favorite stumble fight that you come across. That's typical question I think recently. One I really enjoyed was called -- exception. And it's interesting kind of collection of images that someone had had. Put together. People what people thought it would look like back in the 1960s. And is an interesting are hurt in patterns and and it really is a collection kind of visual content. And it was one of the most populous states that is."
" With the locals will be sure to check that out. Thanks for joining me really appreciated having you here you know platinum and will be right back with some viewer feedback yeah."
" Welcome back and now it's time for some viewer feedback in our forums. I like the show's host and the content after watching a few shows it contains more material in a short time span than many other interview style shows. Thanks for reading and we're trying to keep it departed so we love hearing I'll --"
" We also got a comment from master yes in the form. We don't use this word and -- dot com because -- the sites I'm just gonna make up something else speaks to. Holy -- he's only a year older than me I gotta cut down on this triple cheeseburgers. Get well and just a quick update I don't help he's doing very well. But you. Keeping a low profile these days trying to make sure -- that he'd give himself enough time for his body to completely healed -- Combatant does this show and -- and I think republika."
" But he didn't get everybody's comments and he was a personal support in the meantime you can keep reading and two -- go home at revision3.com. And we'll look forward -- come into next week to."
" The get go home should go."








