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Another Dogpatch Exit!!

September 29, 2010

vcmike

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 are psyched to report that this is the third exit for Dogpatch Labs in under a year, following Google’s acquisition of AppJet and MTV’s acquisition of Social Express.

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.

5 Comments

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  1. September 29, 2010

    congrats to you guys and the thing labs team!

  2. September 29, 2010

    wow-
    congratulations!

  3. CJ #
    September 30, 2010

    Intresting you would put the exit #s for those two but not for Brizzly. You’ve been at the VC game for a decade + VC Mike….entrepreneurs want to know what your exits look like? how much capital have you put in, and what have you got out. All we have now is lots of hype about how great your record is! We would like NUMBERS

  4. October 9, 2010

    Yeah, I’m a little curious of numbers as well, but I’m fairly confident that they’re good here.

    Congrats, gentlemen!

  5. August 20, 2011

    he needs to get more confident and expressive to make an impact.

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