Just last week I wrote about the Techstars class of 2010 and our past Techstars investments. Now, a week later, another one of our five Techstars investments has had a nice exit. DailyBurn announced yesterday that it is being acquired by IAC.
Andy Smith and Stephen Blankenship have done a great job growing the business from concept to nearly 500,000 customers. Great job! While eonBusiness is an investor in DailyBurn, I’ve also been a customer since the beginning. To see how the product and service has evolved has been nothing short of amazing. The web interface is so easy to use and the iPhone app really clinched the deal for me as a regular user.
While there is a part of me that is sad to see DailyBurn leave the eonBusiness portfolio of current investments, I am very excited to see what Andy, Stephen and the rest of the DailyBurn crew will do with the resources and insight of the IAC group.
We wish them much continued success!
