We are very excited to see that today Condaptive announced its acquisition by Millennial Media. Hemang and his team did an outstanding job and had a tremendous result for such a young company. As Bullpen is but a few months old, it is exciting to be part of an exit so quickly!
The full story is reported here at TechCrunch.
I wanted to tell the story of how I met the CEO as it’s an object lesson for people who want to start a company. Two summer’s ago I got a box for a Mets @ Phillies game during the 2009 season. (I am a Phillies Phan having grown up there). I invited some friends, family, and a few work associates. For example Josh Kopelman from First Round was there. I also invited a few of Aggregate Knowledge’s local partner companies – I was CEO at the time. One was GSI Commerce.
Last minute the people I invited from GSI were not able to attend, so Hemang asked if he could have the tickets. I had never met Hemang before and when he showed up, I naturally said, “who are you?” He told me the story and then started asking me some questions. It was pretty clear that he was thinking about starting a company.
It took him close to a year to get his plan together but when he left GSI he called me and asked me to be involved. I joined the advisory board and was able to be involved from the start.
It’s a good lesson on both sides:
- If you are an entrepreneur, find whatever excuse you can to meet the people that can help you.
- If you are an investor, when you meet special people, don’t forget to stay in touch with them.
Congrats again to the Condaptive team!