It's been almost exactly a decade since Salesforce acquired Heroku. https://blog.heroku.com/the_next_level Good time to share a few reflections, especially in light of the Slack acquisition.pic.twitter.com/mz0gJelt5Q
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It's been almost exactly a decade since Salesforce acquired Heroku. https://blog.heroku.com/the_next_level Good time to share a few reflections, especially in light of the Slack acquisition.pic.twitter.com/mz0gJelt5Q
1/ Heroku was a hot company in 2010. But we had yet to deliver out our full product vision: the platform was Ruby-only, lacked background processes and a bunch of other capabilities needed for more substantial apps.
2/ The decision to accept the acquisition was made by me, the two other founders, and the CEO. (With input from our investors, of course.) We saw it as a big funding round: never need to raise money again, and in the meantime get legitimacy for enterprise sales.
3/ But let's be honest: the money mattered. Getting a good outcome for investors, for early employees, and yes for ourselves.
3a/ (I put a bunch of the proceeds from this into the 2014 Colorado campaign to legalize recreational marijuana. So I guess you can partially thank Salesforce for that legal weed you've been enjoying during lockdown)
4/ Also—and this might seem hard to remember looking back—Y Combinator was financially unproven. They had built a huge about of prestige the the Valley, but IIRC at the time they were still in the red. (@paulg correct me if I have that wrong)
Was heroku the first YC company that ever got aquired? Or where there other exits but they didn’t put YC in the black
No, reddit was. Significantly lower price though.
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