Exit This Way

Marissa Mayer’s First Acquisition Means an Exit for Justin Bieber, Scooter Braun, Ellen, and Ryan Seacrest

Justin Bieber Stamped

This is about as close as Marissa Mayer has come to being featured in an episode of Entourage. Today, word leaked that the new Yahoo CEO made her first acquisition–or acqui-hire, depending on who you ask. Ms. Mayer has purchased Stamped, a New York City-based recommendations app cofounded by two fellow Xooglers. Stamped cofounder Robby Stein worked closely with Ms. Mayer when the two were both still employed by GOOG.

Mashable says Stamped’s team, five of whom are former Google employees, will be joining “a new mobile product team to be established in New York under the leadership of Stamped’s three co-founders.” In a blog post published to the Stamped site, the team confirmed that they will be “discontinuing the Stamped product” but are working on a solution for users to export their data from the app.

Business Insider reports that the deal was closed for a ”a nice size,” but nothing too hefty. That should mean some extra spending money for a group of people who have no need for it: Stamped’s celebrity investors. Read More

Visiting Dignitaries

Stamped Tries Again, This Time as a Recommendation Engine with Celebrity Investors

(Photo: Instagram)

Sometimes the hardest question to get a founder to answer is why anyone would regularly use their app. That’s particularly true for startups that solve a problem users don’t actually have.

But often, the pitch for why X app is better at rating, or recommendations, or social planning relies on the assumption that it will be populated by users just dying to share their personal tastes or make plans  . . . using an app that’s on screen four of their smartphone, right next to Draw Something.

That’s been the problem with Stamped, a remarkably sleek ratings and recommendations app launched by Xooglers last November that allows users to give their “stamp” of approval to books, songs, restaurant recommendations, you name it. Read More