” … When the going gets tough, the tough get going. Some technology startup veterans will tell you that when the markets are crashing, it could be a good time to pick up great technologies at rock-bottom prices. SuccessFactors was such a company. It was born out of the dot-com crisis of 2001 when Lars Dalgaard bought some well-funded technology companies that had gone bust and resurrected them with his vision.
After the dot-com crisis, the economic crisis provided another such window of opportunity to Mike Onghai. Inspired by the success story of SuccessFactors, he bought the assets of Clickable in 2013.
Clickable was originally founded in 2006 and was known for its award-winning Pro advertising tool and expertise in dedicated search and social advertising. It had received funding of $32.5 million in five rounds from Union Square Ventures, American Express, FirstMark Capital, Founders Fund, Peter Thiel, Jonathan Miller, Manatt Venture Fund, Schoffstall Ventures, and Monster Venture Partners. In mid-2012, Syncapse acquired Clickable in a mostly stock deal reportedly worth about $33 million. However, a year later, Syncapse filed for bankruptcy…”
Continue Reading at … The 1M/1M Deal Radar: Clickable, San Francisco, CA