espite being coastally challenged (currently living in Philadelphia), Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.
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…