Monday, August 22, 2011

What is GroupMe and how did it get acquired for $85 million

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Last week, GroupMe celebrated its first birthday.
Yesterday, the group text messaging app announced that Skype was acquiring it for $85 million.
GroupMe has had quite the year.
From a lawsuit, to major competitors, to raising $11 million, the founders have had serious highs and lows on their way to an exit.
We talked to cofounders Steve Martocci and Jared Hecht who told us all about the hectic first year.

Posted via email from Inspiration

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