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December 11, 2016 
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StumbleUpon for sale?

Posted on Saturday, November 18 2006 @ 19:15:13 CET by


According to TechCrunch social networking site StumbleUpon offered itself for sale to at least one large Internet firm for $50 million:
The deal doesn’t appear to have been widely shopped - one potential acquiror said that they met with the company recently, but only to explore possible business development deals, and that an acquisition was not discussed. I spoke briefly with StumbleUpon CEO Garret Camp this afternoon but he refused to comment, saying “we do not comment on rumors.” Fair enough.

The real story may be a disconnect between the company’s executives and investors. StumbleUpon has only raised a single seed round of financing - $1.5 million - and angel investors often informally shop a company, with or without the company’s permission, in the hope of an early cash out.



 



 

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