OMGPOP, from YC S07 and makers of Draw Something, was acquired last year by Zynga for $180 million dollars. Yesterday, Zynga announced major layoffs: 520 employees (18% of its workforce) and closure of three major offices (New York, Los Angeles, and Dallas). Based on a series of tweets by OMGPOP personnel, those layoffs apparently include OMGPOP’s offices and […]
Winning as an independent game developer requires more than graphics, mechanics, and a soundtrack. Hit games mean big rewards, though. OMGPOP was acquired in 2012 for at least $180 million dollars. Just one game, Draw Something, is largely to credit for that company’s success. Draw Something went viral in less than two months, gaining more […]
Greater wealth is created simply by not giving up so easy. That’s the conclusion of the data below for the 23 YC funded startups with known exit amounts. This post is a follow-up to Longevity of YC Startups From Funding Through Acquisition.
Sixty-one known companies funded by Y Combinator have exited through acquisition. That’s 11% of the 564 total companies. In my previous post, I stated the average lifespan of startups that get acquired is typically between 18 months to 24 months. Below is a complete list of the name and age of all 61 YC companies […]
37 YC Funded Companies Valued Over $40m is a post I wrote about a month ago. Six of the 37 companies valued over $40 million dollars were exits. I omitted any guess as to the remaining 31 companies. Since writing that, I’ve noted exits of seven additional companies. I’ve also done some quick research as to […]
“As of now, 37 YC cos have valuations of or sold for at least $40m.” That’s according to a recent tweet by Paul Graham. Mr. Graham elaborates in a follow-up tweet that 37 is from a total 511 companies. So about 7% of all YC companies either are, or were at the time of their […]