September 29, 2010
Congrats to Jason Shellen and the entire Thing Labs team on yesterday’s announcement that they Thing Labs was being acquired by AOL. Rich irony that TechCrunch, which originally reported that the deal was rumored, was also bought by AOL on the same day.
We will have exact numbers soon, but between financings and exits the number of Dogpatch success stories now exceeds 50. Way to go guys!
And last but certainly not least, Thing Labs also was a very nice return for Polaris 😉 It’s been a good September for us. Last week two of our portfolio companies had big exits: Internet Brands was acquired for Hellman & Friedman for $640M, and Asthmatx was acquired by Boston Scientific for about $450M.