In Only Took 2 Months For Silicon Valley's 'Youngest VC' To Sell Her Startup For More Than $1 Million
HelloWorld
Fu can add one more accomplishment to that impressive list: Her two-month-old startup, HelloWorld, announced Tuesday that it was acquired by Life360 for an undisclosed seven-figure sum, TechCrunch reports.
It's not clear if the reported 7-figure deal was primarily cash or stock. Either way, it seems like a strong exit for a young startup that hasn't raised any outside capital or had a chance to gather many users. But Fu has to split the return with four other founders.
HelloWorld was launched in August, as the result of a Y Combinator hackathon and the work of five recent Stanford grads and current Stanford students. The ephemeral location-based app is like Foursquare and Snapchat combined. It lets users say what they're doing right now, but the messages self-destruct after 24 hours. Status messages can include photos, text, and their location, and friends can follow each others' feeds.
Life360 is a mobile app designed to keep families connected, and the company will look to incorporate HelloWorld's location-based information. Life360 has raised $76.1 million in eight rounds from nearly two-dozen investors.
- Volumes up, values down: India's deal-making marks notable shifts in April
- 10 best kid-friendly summer vacation destinations in India
- “Are you accusing me of bullying the US?” jokes EAM S Jaishankar when asked about India-US relations
- As rain and snow events become more intense, so could our earthquakes, study finds
- India-EU FTA 'most difficult, complex' due to non-trade issues: EAM Jaishankar