AngelList Buys Product Hunt for Around $20 Million
Thanks to its Reddit-like system for surfacing news, Product Hunt has become one of the most important ways for tech startups to get noticed in Silicon Valley.
Product Hunt, a 3-year-old website that helps techies discover new products and startups, has been acquired by AngelList.

Product Hunt founder Ryan Hoover and 13-person team will operate independently from AngelList, which helps startups with recruiting and fundraising. AngelList was an early investor in Product Hunt and paid around $20 million for the acquisition, according to Recode.
Thanks to its Reddit-like system for surfacing news, Product Hunt has become one of the most important ways for tech startups to get noticed in Silicon Valley. Its prominence has made Hoover an influential figure in the tech industry.
Last month, Hoover told Business Insider that Product Hunt was preparing to launch its first revenue-generating product in the first quarter of 2017.
Entrepreneur Editors' Picks
-
These Co-Founders Are Using 'Quiet Confidence' to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry
-
My 7-Year-Old Daughter Started Selling Eggs. Here's What She Taught Me About Running a Startup.
-
Why You Need to Become an Inclusive Leader (and How to Do It)
-
Career Transitions You Can Make in Your 40s and 50s
-
Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? 'You Have to Come as Naive.'
-
4 Principles to Develop Next-Level Leadership at Your Company
-
This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market