NYC-based micro-learning content platform Grovo has been acquired by Santa Monica-based Cornerstone OnDemand, a publicly traded learning and human capital management software company for $24M in an all-cash deal. “The acquisition of Grovo helps fulfill the vision we had on day one for Cornerstone to improve access to education on a global basis. As leaders […]
Sherman Oaks-based SERVIZ, the discovery platform for finding service providers for homes, has been acquired by Seattle-based Porch, another similar platform for finding home professionals. Terms of the transaction were not disclosed. Founded in 2014 by Michael Kline and Zorik Gordon, SERVIZ had raised $20M in funding over two reported round with its last round […]
Generation Z-focused media company Awesomeness TV has been acquired by Viacom. Terms of the transaction were not disclosed but the deal has been rumored to be at $25M plus the assumption of debt, placing it well below the $650M valuation at the time of the company’s last funding round in 2016. Founded in 2012 by […]
Ring, the home security company that provides smart doorbells integrated with video cameras, has been acquired by Amazon. The deal price is rumored to be around $1.1B, marking one of the largest LA tech acquisitions in history. “We’ll be able to achieve even more by partnering with an inventive, customer-centric company like Amazon. We look forward […]
Flight Club, the pioneering site and retail presence for sneaker enthusiasts, has been acquired by GOAT, the digital marketplace for sneakers. In conjunction with the acquisition, GOAT is announcing a $60M funding round led by Index Ventures including participations from Accel, Matrix Partners, Upfront Ventures and Webb Investment Network. “Aligning with GOAT’s world-class technology and […]
Bitium, the cloud identity startup providing single sign on and password management solutions for enterprises, founded in 2012 by Erik Gustavson and Scott Kriz, has been acquired by Google. Terms of the deal were not disclosed and no word if the Bitium team will be integrated into Google. In a post on the Google blog, Karthik Lakshminarayanan, Director of […]
Financing merger and acquisition activity is much different than funding stand-alone growth with venture capital, as the investors are vastly different.
Walk through Jason Nazar’s mind as he sold Docstoc to Intuit. A play by play guide for all founders when considering selling their company.
It is unclear if Masayoshi Son, Chairman of Softbank, was one of the 17 million YouTube viewers of Boston Dynamic’s Big Dog before acquiring the company for an undisclosed amount this past Thursday. What is clear is the acquisition of Boston Dynamics by Softbank is a big deal. Softbank’s humanoid robot Pepper is trading up her […]
As a bootstrapper, I had a complicated relationship with the topic of acquisitions. I rejected the idea that an exit strategy was an important part of running a great business. First, I believe that entrepreneurs are conditioned by our media, society, peers, and their investors (if they have them), to think that selling their business […]
Like most entrepreneurs, I wasn’t CEO of my first startup. While I had a fair share of the company, I owned far less than the CEO who, in addition to having had the concept, also initially bankrolled us. For the most part, this didn’t matter. Like most good founding teams, we had complimentary skill sets […]