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Hi, I’m Brad Feld, a managing director at the Foundry Group who lives in Boulder, Colorado. I invest in software and Internet companies around the US, run marathons and read a lot.

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AOL Acquires SocialThing

Comments (4)

After some rumors a few weeks ago, it’s now official.  AOL has acquired SocialThing.  I’m immensely proud of the Matt, Ben, and Brian.  As one of the members of the TechStars 2007 class of companies (and the first one to have an exit), I have a long list of entertaining stories that I’ll save for the closing dinner when we roast everyone.  In the mean time, I give you David Cohen’s memory of events and some of the history of how SocialThing came to TechStars last year

Frank Gruber – who has known the SocialThing team since they demoed at TECH Cocktail Boulder last spring (which Frank co-hosts) – also has some good thoughts up from his perspective inside AOL.

Guys – congrats!  Everyone in TechStars and the Boulder entrepreneurial community is proud of you.  And AOL – congrats to you also; you just added some really great ingredients to the mix.

Finally, as a special bonus, SocialThing won the Boulder 2008 IQ Award last night for Consumer Internet company.  And – I’m having lunch with Matt and his parents today.  Life is just never dull around here.

  • Tom

    Congrats to the SocialThing! guys!

  • http://www.capturetheconversation.com Jason Cormier

    Yes, congratulations to SocialThing! I love how this kind of activity draws the kind of attention that Boulder deserves as a thriving start up community. When waves like this come in, the whole ship rises.

  • tibbetts

    Congratulations on the acquisition. I'm not that familiar with the history of SocialThing, but it looks like their service is still in private beta. I can think of a handful of startups that were acquired before a full public launch (and validation) of their product (Dodgeball/Google, Buzzword/Adobe).

    I wonder if you can comment on the economics of a deal like this (how do you value a potential user base?), and the role of preexisting relationships in the valuation.

    • http://www.feld.com Brad Feld

      In this case I can’t comment on the economics of the deal as it is confidential.

  • http://intensedebate.com/people/tom tom

    Congrats to the SocialThing! guys!

  • Jason Cormier

    Yes, congratulations to SocialThing! I love how this kind of activity draws the kind of attention that Boulder deserves as a thriving start up community. When waves like this come in, the whole ship rises.

  • http://intensedebate.com/people/bfeld bfeld

    In this case I can’t comment on the economics of the deal as it is confidential.

  • http://intensedebate.com/people/tibbetts tibbetts

    Congratulations on the acquisition. I'm not that familiar with the history of SocialThing, but it looks like their service is still in private beta. I can think of a handful of startups that were acquired before a full public launch (and validation) of their product (Dodgeball/Google, Buzzword/Adobe).

    I wonder if you can comment on the economics of a deal like this (how do you value a potential user base?), and the role of preexisting relationships in the valuation.

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