My First Exit

9/15/11

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

  • Joshua Dance

    Awesome news.  Congratulations. Exciting to see hard work and dreams pay off.  Thanks for sharing. 

    • http://www.mickhagen.com/ Mick Hagen

      Thanks Josh. Much appreciated. Dream big. And work hard.

  • http://twitter.com/davidblake David Blake

    It is incredible what you created. I and many others owe you a lot of thanks for the journey.

    • http://www.mickhagen.com/ Mick Hagen

      It was a team effort. And you were right there at the front lines with us. Thanks for believing. Looking forward to your new thing…

  • Anonymous

    You better treat yourself to something nice. Anything.  Just make it REALLY nice. :)   Well done to all of you, it’s an honor to know you guys and consider you friends!

    • http://www.mickhagen.com/ Mick Hagen

      Brad,
      Thanks for believing in us through thick and thin. You’ve always been a huge support and friend. Hope you’re doing well!

  • http://twitter.com/salimmadjd salim madjd

    Congrats! I had the pleasure of working with Anne for 5 years and you guys couldn’t have found a better person. Her integrity and work ethic is unmatched. 

    • http://www.mickhagen.com/ Mick Hagen

      Yup. She’s amazing.

  • Lance

    Mick, thanks for including me in the ride. It has been challenging and fun!

  • Lance

    Mick, thanks for including me in the ride. It has been challenging and fun!

    • http://www.mickhagen.com/ Mick Hagen

      Lance, thanks for believing in us crazies so early. You were a huge reason for our success. Pure hustle.

  • Lance

    Mick, thanks for including me in the ride. It has been challenging and fun!

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