Hoover says those are in the hundreds of thousands every day. ![]() The site now hovers at about 80k users, the majority of them based in Silicon Valley. It also launched an open-source API and an iOS app earlier this summer. The startup ballooned in popularity since its humble beginnings and has since become a destination site where folks could submit and vote on their favorite tech products. We strongly believe in Product Hunt’s vision,” Sinofsky explained on why A16Z chose to invest.įounder Ryan Hoover launched Product Hunt as an “experimental” email newsletter about products he liked in late 2013. It’s a place to launch, learn, share and curate. “Product Hunt’s uniqueness comes from the full breadth of activity around new products and those enthusiastic about them. Product Hunt also announced that A16Z partner Steven Sinofsky will now join the board of directors for the company. The new funding brings Product Hunt’s total investment to date to $7.1 million. ![]() ![]() Very few startups do this well and it’s something I look for as an investor, given my own background with building communities around Reddit and Hipmunk…What reddit has done for communities sharing content, Product Hunt will do for communities sharing things,” Ohanian said in an email exchange.Ĭertain participants from the previous round also came on board with the Series A, including: A-Grade Investments, Abdur Chowdhury, Andrew Chen, betaworks, Cowboy Ventures, CrunchFund, Greylock, Ludlow Ventures, Naval Ravikant, Nir Eyal, Slow Ventures, SV Angel, and Tradecraft. “I’m really impressed with the community Ryan and the team have built around the product. Ohanian says he invested in the Series A round mainly because he’s a user of the product and always on the site. My shirt got some big love from at #smorgasburg today.
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