Super news for you guys, that's less than 18 months from launch to acquisition, really cool.
What I really love about this deal is this line:
"Before we go any further, let us address our users. FlightCaster.com will stay right where it is and continue to provide flight delay prediction for free. We're also making our mobile app free -- you can download it now. We'll continue to use our powerful algorithms to predict flight delays. We'll continue to push the envelope on getting the best travel intelligence to people when they need it."
How much better is that than: "hey our team just got acquired by Facebook/Some other 500 # gorilla and we'll be shutting down our service next week".
That really sets a good example on how it is done.
"We're pleased to announce that FlightCaster has been acquired by Next Jump Inc. It's a good day here at FlightCaster HQ (freakin' phenomenal day!), and we're stoked about the new possibilities."
How much better an opening statement is that, when compared to generic PR shrill about XYZ Co joining with ABC Ltd to provide blah blah blah leverage. Made me even more excited for the team and FlightCaster users.
Congrats & thank you for a great product & access to your API!
We're (http://sleep.fm) using it to wake up our users & speak whether their flight is delayed or on-time. THough I do wonder if things will change in regards to the the API?
Again, where is the link to your site on your blog? I realize there is a link in the post. This has been a recurring theme here, site blogs that do not link to the site they are blogging about.
When private companies buy other private companies it's often equity-only. Here it's trickier because Next Jump is older and also gearing up for an IPO. It could be cash, or it could be very attractive equity. It doesn't seem like it'd have been a fire sale.
At first I thought tomtc meant that ex-Tandem computers folks had been part of these startups, But he is talking about http://www.tandementrepreneurs.com/
Shouldn't we reserve the "congratulations" until more info is provided about the terms (price) of the deal.EG- Pownce.com wasn't congratulated for being acquired.
Pownce was floundering because Twitter basically made them irrelevant. Flightcaster hasn't been around all that long and seemed to be doing fine. It's pretty unlikely that they sold for a price that they're unhappy with.
Not clear what the real situation was and it may be difficult to determine for a while. They clearly abandoned their initial business and business model completely, no shame in that, but this may just be a talent acquisition.
Congrats! I've always been curious how the conversation goes when one company reaches out to another in hopes of being acquired. Do deals like this usually happen as stock swaps?
Congratulations! Flightcaster seems like an awesome execution. Now I'm excited to see what you have planned... even though Woven is ambitious, you have the track record to pull it off!
Why next jump acquired flightcaster?
(May be they also want to combine their ecommerce shop with flights along with price predictions data as a differentiator)
but why?
What I really love about this deal is this line:
"Before we go any further, let us address our users. FlightCaster.com will stay right where it is and continue to provide flight delay prediction for free. We're also making our mobile app free -- you can download it now. We'll continue to use our powerful algorithms to predict flight delays. We'll continue to push the envelope on getting the best travel intelligence to people when they need it."
How much better is that than: "hey our team just got acquired by Facebook/Some other 500 # gorilla and we'll be shutting down our service next week".
That really sets a good example on how it is done.