Cha-ching! GigaOm reports that TechStars New York just got its first acquisition: 2011 graduate ThinkNear, a hyperlocal mobile ad startup, was acquired by GPS purveyor Telenav for $22.5 million. The startup will be incorporated into a newly launched mobile ad platform called Scout Advertising. It’s the largest TechStars acquisition thus far.
Not too shabby. Read More