Ariel Camus, founder of TouristEye, outlines the fundraising history of his startup leading up to its acquisition by Lonely Planet.
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“Yeah, we raised like, not, not a lot, like, close to one million dollars before the acquisition. The opportunity to got acquired got just when we were raising our Series A, and that million dollars that we raised that happened between two rounds, one in Europe and one in San Francisco through 500 startups.”
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“And one of them had raised close to sixty million dollars.
Which one?
Gogobot.
Yep.
They put ads and a lot of people in a really tough place because even with that amount of money they had raised they were not doing great as a business.”
Ariel CamusOct 22, 2016▶ 3:25EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
Insight
Camus: Founders should abandon post-acquisition earn-outs unless the money is life-changing
“Unless it's an amount of money that will change the rest of your life, and you don't have any savings, maybe, maybe I would say it's worth spending two or three years of your life working on something that is, like, not the best thing you can be doing, but oth…”
Ariel CamusOct 22, 2016▶ 8:41EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
Disclosure
Camus: HackerPath is building a teacherless, project-based education platform
“So we're building a new platform that is online, that doesn't have any teachers, it doesn't have any classes, it's all project based. So we have teams of students that are collaborating and learning from each other while they're building real, real world produ…”
Ariel CamusOct 22, 2016▶ 6:28EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
Disclosure
Camus: HackerPath plans to shift from subscriptions to hiring fees
“Initially we are charging, it's a subscription model where we are charging the students. But because our goal is to make this open to everyone, our vision is to eventually make this free to everyone. And the way we think we can do that is because our goal as a…”
Ariel CamusOct 22, 2016▶ 7:13EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
Disclosure
Camus: Lonely Planet acquired TouristEye for a seven-figure amount
“And I can't disclose the exact number, but it's a seven digits figure.”
Ariel CamusOct 22, 2016▶ 3:05EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
Disclosure
Camus: Lonely Planet reached out right as TouristEye sought buyers
“So that's why we decided to like kind of explore, ah, ways of joining a bigger company.
And it was, ah, just by coincidence that Lonely Planet talked to us the week that I was exploring and talking about that opportunity with other companies.”
Ariel CamusOct 22, 2016▶ 4:26EP 455: Exited in 2013, Now Moving From "Job" To Startup CEO Again. How? with Ariel Camus
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