Today it was announced that Zinch has been acquired by Chegg. What a special day. I’m excited, grateful and proud. I never would have imagined this happening 5 years ago when I dropped out of Princeton to join up with Sid Krommenhoek and Brad Hagen. This is the sort of thing every entrepreneur dreams of…but it rarely happens. It’s been an amazing journey.
The Zinch team deserves all the credit. What a talented group of people. They’ve worked incredibly hard to make Zinch what it is today. Enough can’t be said about them.
And without Anne Dwane, our CEO, none of this happens. It was the best decision we ever made when we decided to hand the reins over to her. She is one of the best CEOs in Tech today. Not enough people know that. I’d tell Yahoo! to hire her but then we’d be losing out on a powerful leader. :)
Zinch still has a lot to prove and a lot of work ahead. I’m certain that it’ll reach its full potential under the wings of Chegg. The future is most certainly bright.
Zinch is a perfect fit for Chegg. For years now we’ve worked with Chegg as an advertising client and they’ve always been impressive. They’ve got great investors (Kleiner Perkins, Foundation Capital, Mike Maples) and a great CEO. And they are on a tear. There’s no company i’d rather be selling the company to than Chegg. They’ve quickly established themselves as a leader in education and of the “student graph.” It’s a high growth company and i’m ecstatic to be a shareholder.
My first startup exit is now under my belt. And it feels awesome. Hopefully this is just the first of many — once you’re lucky, twice you’re good.
Now let me go savor this moment — the last 5 years haven’t exactly been a walk in the park. I love this game. #startups