For the most diligent of my readers, you may recall Mediabolic, the company I cofounded back in 1999 with Dan Putterman and Brad Dietrich (the CEO and CTO, respectively). It’s a very exciting day as they were just acquired by Macrovision for $43 million US (official press release, SVSJ mention, reuters, SJ Merc, or find more at Google News). Congratulations to everyone at Mediabolic!
For more details on the acquisition, you can read this letter (PDF format) from the CEOs of both companies. This is the kind of deal that seems to make a lot of sense for both parties. Macrovision already has technology inside many consumer electronics devices (for example, all VCRs and DVD players). Mediabolic has a suite of digital home technologies (more about this topic at WSJ today) that are clearly a part of the future of consumer electronics. Win-win.
I guess this means today was the day I became a serial entrepreneur! Just kidding, I actually don’t like that term at all, but it sure does feel great to see a company that I cofounded have a nice exit. It’s not exactly a “life-changing event” but it is certainly a great event nonetheless!
I’ll put up a little photolog from the 5 years I was there later today to share a few memories.
Wow, JT congrats!
Look forward to the photolog.
Now all you need is a Sling acquisition and that makes two!
Technically it makes two already. I sold my first consulting company back in 1997/98… Yay for me. 😉