The Founding Story of Product Hunt and Its $20 Million Journey

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In today’s newsletter, we'll shine a spotlight on Product Hunt, the popular platform for discovering and sharing new products, which has grown from a simple email list to a thriving community with millions of users. The Early Days: From Email List to Community

Product Hunt was founded in 2013 by Ryan Hoover, a tech enthusiast and entrepreneur who was fascinated by the process of discovering new products. Ryan started the platform as a small email list, where he shared interesting products and startups with his friends and colleagues. The list quickly gained traction, and Ryan realized that there was a need for a dedicated platform where people could discover, share, and discuss new and innovative products.

Building Product Hunt: The Platform

Ryan teamed up with Nathan Bashaw, a developer and designer, to create the first version of the Product Hunt website. The platform allowed users to submit products, upvote their favorites, and leave comments and feedback. Product Hunt quickly gained a loyal following and became a go-to destination for tech enthusiasts, entrepreneurs, and investors.

The platform's success caught the attention of Y Combinator, a prestigious startup accelerator, which accepted Product Hunt into its summer 2014 class. This helped the company secure funding and mentorship, allowing it to grow even further.

Growth and Acquisition: The $20 Million Deal

Product Hunt continued to grow in popularity, attracting users from around the world and receiving widespread media coverage. In 2016, the company was acquired by AngelList, a platform that connects startups with investors, for a reported $20 million.

The acquisition allowed Product Hunt to expand its offerings, including the launch of Product Hunt Live, which featured live video interviews with founders and makers, and the release of a mobile app. The platform's growth also attracted high-profile partnerships, including with Google, which featured Product Hunt collections in its Google Assistant app.

The Legacy of Product Hunt

Today, Product Hunt remains a crucial resource for entrepreneurs, investors, and tech enthusiasts looking to stay on top of the latest product launches and startup news. The platform's growth and eventual sale for $20 million stand as a testament to the power of community-driven innovation and the value of a well-executed idea.

In conclusion, Product Hunt's founding story is an inspiring tale of how a simple email list evolved into a thriving community and a multi-million dollar acquisition. The platform's success demonstrates the importance of building a strong and engaged user base and highlights the impact that passionate entrepreneurs can have on the tech industry.

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