AngelList Buys Product Hunt for Around $20 Million
Grow Your Business, Not Your Inbox
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.