Ebay Acquires Milo For $75 Million

http://techcrunch.com/2010/12/02/confirmed-ebay-acquires-milo-for-75-million-investors-make-a-killing/

by jlhamilton • 16 years ago

45 17 16 years ago

jaybol2• 16 years ago

There is something in the ventilation system on University Ave that breeds success. Congrats to Milo!

candre717• 16 years ago

From the article, it looks like Milo wanted to sell quickly before Google ate their lunch. I don't think Milo's leadership intended to sell the company at this stage of its existence. From an article the CEO did almost a year ago, I think it wanted to be like Ebay or Google, not be prematurely bought by one of them:

"About a year later, I saw 165 University Avenue for rent. I knew I had to have the space. It’s the same building that housed Google, PayPal, Danger, and Logitech. We moved in and have grown from 2 to 10 employees since then. Milo.com, which started out as an idea in an apartment, now has over 1 million unique visitors!"

http://under30ceo.com/jack-abraham-has-taken-milo-com-from-i...

defen• 16 years ago

This is going to do wonders for Ted Dziuba's ego.

zach2• 16 years ago

His tweet of the announcement is, characteristically, more entertaining than the one in the article from the CEO:

http://twitter.com/dozba/status/10401328010366976

frisco• 16 years ago

I just discovered Ted Dziuba through your post. This is incredible. He's like a mini Zed Shaw.

http://teddziuba.com/2008/04/im-going-to-scale-my-foot-up-y.... http://teddziuba.com/2009/09/twisted-vs-tornado-youre-both.h... http://teddziuba.com/2008/11/avoiding-nlp-at-all-costs.html

tedjdziuba• 16 years ago

This just goes to show that there's exactly zero consequence to running your mouth off on the internet.

Posting this from like my sixth HN account because I keep getting banned for trolling.

aditya• 16 years ago

Maybe you should stop?

bigiain• 16 years ago

I dunno, there's a big difference between "running your mouth off on the internet", and "running your mouth off on the internet, often being right and at least having solid supporting arguments when controversial".

I don't mind people being opinionated, or even wrong - if they also demonstrate they've thought about the subject at hand. Extra credit when people are controversial and entertaining at the same time.

Congrats on the sale Ted, I hope it works out well and was what you wanted - and keep on entertaining (at least some of us) with your public persona/writing.

justin_vanw• 16 years ago

Well, maybe the consequence is getting bought out by eBay there, minized.

RiderOfGiraffes• 16 years ago

Multiple sources:

http://news.ycombinator.com/item?id=1963247 - milo.com

http://news.ycombinator.com/item?id=1963126 - vator.tv

http://news.ycombinator.com/item?id=1963125 - techcrunch.com (this one)

No doubt we'll see more as all the usual suspects pick up the story.

zach2• 16 years ago

This is one of those companies I actually really wanted to see get bought out by a large player.

Milo is a good site but has nearly reached the boundary of what they can offer at their current scale. They seem to have a decent interface to all the major retailers which offer reasonable inventory access to them. The next stage will require a lot more business development, data pushing and marketing. As a user, I can't wait to see the results.

Congrats to the Milo team.

stevenp• 16 years ago

I hope that adorable real-life dog that they based their logo on is going to get some sort of diamond collar, or a dinosaur bone of some sort for this. It's rare that a cute pet makes a good logo. :)

jaybol2• 16 years ago

A conveyor belt will deliver him filet mignon at a rate of one per minute

lgas• 16 years ago

And that's just the beginning.

Kalob• 16 years ago

Ha, eBay has it's own local product search now. Google does too. Amazon doesn't, Facebook doesn't, Yahoo and Microsoft? Nope. I smell more acquisitions.

Krillion (old), Retailigence(new), Goodzer (brand new).

Who's next?

dstein• 16 years ago

bootstrapped with ONLY $5 million in venture capital investment! Sometimes I wonder if Techcrunch understands the buzzwords they write.

mwerty• 16 years ago

I think they mean in relation to the exit.

Ebay Acquires Milo For $75 Million

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