A deal that was "mint to be..."

I’m super excited by today’s news that Intuit has acquired Mint.com for $170 million.

 

It’s been amazing to watch Aaron Patzer and the entire Mint team transform a rough prototype to a world-class product over the last three years.  As my partner, Rob Hayes (who led our investment in Mint and served on their board of director’s) wrote this morning:

 

"It has been a short 3 years since we met Aaron Patzer at a STIRR dinner in the Valley.  Seven days after we met, he had a term sheet for his seed round and off he went.  During that time we have had a ringside seat while the company grew from a rough prototype on Aaron’s computer to an amazing personal finance tool with well over 1 million users and critical acclaim... " (Continued here)

 

I look forward to watching the Mint team continue to thrive at Intuit -- this deal was mint to be.  And while I know Aaron always preaches fiscal discipline, he's now a member of the First Round Capital "blank check club" -- and should he ever start another company, he can come to us to claim it ;-)

 

Congratulations to Aaron and the entire Mint.com team!

 

P.S. – And if you think you’re the next Mint, we look forward to seeing you at a future STIRR dinner – we’ll be sponsoring a bunch of them…