"Ramen profitability" in a news headline? I've seen it all now.
The company would be profitable now if not for the several cases of Ramen needed to pay for the acquisition.
Congrats to LaunchGram & Referly!
Danielle, you are a huge inspiration!!! :D
Out of curiosity, how will this affect the other members of the LaunchGram team?
Great question. Zach, our CTO, has joined another company for (not public yet). Carrie, our designer, is currently freelancing and is booked out for several months.
Awesome. I'm glad to hear everyone is doing well. Congrats again.
Congrats Andy! Will your day-to-day change now after the acquisition?
Thanks! Everybody says this in an acquisition, but I honestly could not be more excited to join the Referly team. One of the biggest reasons why is that my day-to-day will, and already has, changed quite a bit. While we remain devoted to maintaining and improving LaunchGram, I'll be doing a good amount of work on the Referly product as well.
A YC company buying a 500 company, YC is always on top =)
Touché =)
"Only LaunchGram’s CEO Andy Sparks is coming on with the acquisition, but Refer.ly plans to keep LaunchGram alive."
Does this mean all of LaunchGram's employees are let go?
This is another great question. Our team (this is Andy) was very small. My other two co-founders, who I still live with, have decided to move on to other projects. Zach, our CTO, is now working with another company (not public yet), and Carrie, our designer, has booked several months worth of freelance work. The important thing is: everybody is employed and happy.