RescueTime (YC winter 08) raises $900k to expand

http://www.techcrunch.com/2008/09/22/rescuetime-proving-useful-for-the-enterprise-raises-900k

by alaskamiller • 18 years ago

62 15 18 years ago

techcrunch.com

auston• 18 years ago

dupe?

http://news.ycombinator.com/item?id=311926

unalone2• 18 years ago

Your comment's a dupe as well.

PStamatiou• 18 years ago

as is yours

unalone2• 18 years ago

Congrats a ton to your team!

immad• 18 years ago

You got Tim Ferris! That is good work,

how many hours did it take him to close the deal? (jk)

dustineichler• 18 years ago

Since using RescueTime, My productivity has increased many orders of magnitude. I love it, especially on tuesdays and fridays when my focus fails me! B)

chriskelley• 18 years ago

Isn't that your old logo? Might be a good idea to shoot a new media packet over there to TC, especially at the rate you're growing it'd be good to keep the brand wrangled.

Congrats!

gills• 18 years ago

Congratulations! I lurk on the STS list and didn't see an announcement there yet.

And I agree with dustineichler, I haven't used RescueTime long, but it is already helping.

jbenz• 18 years ago

Alaskamiller, I noticed your comment at the top of the TC post: "Chris Sacca = Google buyout within a year."

I agree. If I founded a YC Company, or any other startup, I'd look at Omnisio's story and think about duplicating it. Clearly Chris Sacca was an important part of that acquisition. I think it's a very smart move to get him to invest.

It's just so incredibly important to take money from people are in the position to help you reach liquidation (if that is what you want). I know that sounds really obvious, but I'm sure some founders struggle with the decision to take money from the first person who offers, no matter how un-connected they are.

webwright2• 18 years ago

"I agree. If I founded a YC Company, or any other startup, I'd look at Omnisio's story and think about duplicating it."

I'm not saying I don't envy Omnisio's trajectory, but YC (and any other investor) has a vested interest in investing in companies that DON'T follow this path. They want empire builders, not build-to-flip folks. Not that Omnisio built with that in mind-- I heard them talking about a lot of long-term stuff, so I'm pretty sure they were building for the long term and just got a great early offer.

"It's just so incredibly important to take money from people are in the position to help you reach liquidation (if that is what you want)."

I've heard many times that companies get bought-- they don't get sold. In practice, I think having experienced folks in your corner helps (especially with setting price and terms)... But not nearly as much as having a company worth buying.

mhartl• 18 years ago

Just 'cause it's not obvious from the comment: webwright is one of the RescueTime founders, so he knows what he's talking about here. ;-)

Mistone• 18 years ago

talk about smart money, with 2 ultra connected web celeb investors on board things are looking good. Plus, $900k is a fairly small chuck on cash, leaving things wide open for whatever opportunities emerge. Deftly played guys, congrats!

RescueTime (YC winter 08) raises $900k to expand

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