According to data from our friends at Crunchbase, there were 354 acquisitions of New York companies in 2017, up from 238 in 2016. Today, I shine a spotlight on 13 of these notable transactions involving NYC startups that were acquired in during 2017. I have included the acquiree, the acquirer, transaction amount (when available), as […]
Docurated, the NYC-based the cloud-based document management platform for sales founded in 2012 by Alex Gorbansky, Ed Federbush, Irene Tserkovny, Mike Patterson, and Ryan Cooke has been acquired by Denver-based Quark, the content automation platform. Terms of the deal were not disclosed. Prior to the acquisition, Docurated, had raised $5.35M in reported funding over two rounds and is backed […]
According to a recent Crunchbase post, Meetup, the NYC-based events platform, founded in 2002 by Brendan McGovern, Matt Meeker, Peter Kamali, and Scott Heiferman has been acquired by coworking behemoth WeWork. Terms of the deal were not disclosed. This marks a continuation of WeWork’s acquisition spree. Last month, the company announced its acquisition of coding academy, Flatiron School. Prior to […]
Flatiron School, the NYC-based coding school, founded in 2012 by Adam Enbar and Avi Flobaum has been acquired by coworking behemoth WeWork. Terms of the deal were not disclosed. Enbar remarked, “In WeWork, we’ve found a partner who shares the mission we’ve had since the beginning: to enable passionate people to learn the skills they need to pursue […]
Not to be outdone by Walmart’s acquisition of Parcel today, Amazon has acquired NYC startup Body Labs, the 3d scanning platform for the body. While the terms of the deal were not disclosed, it is has been speculated that the purchase price was between $50-70M. Founded in 2013 by Michael Black, Eric Rachlin, Bill O’Farrell, and Alex Weiss, Body […]
Parcel, the last-mile delivery company, founded in 2013 by Jesse Kaplan has been acquired by Walmart. Terms of the deals were not disclosed although a Walmart representative mentioned in a blog post that this acquisition was less in value than recent acquisitions (Jet $3.3B, Bonobos $310M). The acquisition will allow Walmart to offer same delivery […]
Plated, the meal kit company, founded in 2012 by Nick Taranto and Josh Hix has been acquired by super market behemoth Albertsons. Terms of the deal were not disclosed. Hix remarked, “Joining Albertsons Companies presents an amazing opportunity to accelerate our positive impact on the future of food in America by making fresh, delicious food more […]
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 […]