I'm shocked by how quickly Homejoy seems to have folded. It was viewed as a baby Unicorn around Silicon Valley. Hopefully a more detailed post mortum will come out in the press in the next couple weeks.
Is there no money being returned to the investors via a sell? 40M is a lot of dough... GV can write it off with the acqui-hiring, but what about the others, specially First Round?
I feel like the story behind Homejoy would make a great series of blogposts
Come on, it was mobile, and on demand services. So hot right now. I'm just surprised they didn't get a late stage round at a $1 billion+ valuation by the sophisticated investing folks at Fidelity etc.
I guess if they could get $1 from investors why not a $100 million. I would have loved to see what was in their pitch deck as I can’t imagine a worse industry to try and build a unicorn.
