We wanted to send a shout out to Andy, Stephen and the rest of the crew at DailyBurn – this is very well deserved! DailyBurn built a fantastic product and has attracted about 500,000 members. It’s simple and intuitive, and it’s also just a beautiful product.
The 2007 class has had four meaningful exits (Socialthing to AOL, Intense Debate to Automattic, Brightkite to Limbo, and Filtrbox to Jive Software). But… DailyBurn is a TechStars company from 2008! This exit marks the first one from the class of 2008 and while IAC is not disclosing details of the transaction, I can tell you that it too falls into the “meaningful” category. This means that 5 of the first 20 companies have had strong exits in just a three year period. I recently wrote about the second order effects of TechStars, but it’s nice to see the first order effects working well also!
TechStars mentors who helped the company while there were in the program such as Matt Mullenweg, Tim Ferriss, and Dave Carlson (of eonBusiness) all invested in DailyBurn, so congratulations to them as well. I know that the guys at DailyBurn appreciate all that you have done for them.
As always, you can check out the full results of past TechStars companies here.