Hotspots.io team (YCW11) acquired by Twitter | Hacker News Reader

Hotspots.io team (YCW11) acquired by Twitter

hotspots.io

37 pointsmp3jeep0116 comments

Congrats to Matt, Sandy, and Ashu! Matt has been very generous in helping me navigate through the ups and downs of startups. He's been giving me startup advice and direction for the past year and a half (starting back when I had nothing) and I don't think I would have made it out here to work on Sonalight if it weren't for him.

Since moving on from moki.tv, they've been hard at work on hotspots.io and I'm really glad it worked out for all three of them.

When did Hotspots.io launch? Did they ever broadly launch? I hadn't heard of them and couldn't find anything except news on the acquisition.

it was Moki.TV before this product. love these guys.

Twitter buys exclusively YC alumnis or what?

Hotspots, Posterous, BackType...who else am I missing?

AdGrok

Summify wasn't a YC company

Is there a chance we'll know the acquisition price?

Out of curiosity, how does the process of publicizing acquisition prices tend to work? Is a price shared only when it's seen as a positive signal for one of the companies?

unless it meets SEC disclosure laws then a price is almost always leaked, and then often in ballpark

responsibility for leaks, almost in order, would be angel investors, VC investors, lawyers and then founders, almost always on the side of the company being purchased.

M&A execs, founders and investors sometimes leaks sales negotiations when they believe it is in their favor to do so.

Congrats guys! How much?

Reading the announcement would it be wrong to say this is a talent acquisition?

another cool startup bites the dust, have fun at the day job.

Working at Twitter isn't really a "day job" (even Facebook or Google wouldn't be a day job in the sense of being an IT guy at a local school district, or something else).

There are awesome groups within organizations the size of Google, and even organizations the size of IBM. There's clearly more non-awesome in a big organization too, but if you get stuck in those, you kick back for a year or two, then go do another startup.

> Working at Twitter isn't really a "day job"

Why not? You have a boss and do what he tells you. That's nowhere near having your own startup.

I think you both overestimate the amount of freedom in having your own startup, and underestimate the amount of freedom in a good role at a larger company.

Reply on news.ycombinator.com