Postmates acqhires Secret CEO David Byttow’s startup Bold


The owner of one of Silicon Valley’s many famous flameouts, unknown amicable app Secret, is a new product lead for Postmates’ app. After Secret close down and gave investors behind their money, David Byttow went on to lift a $1 million seed turn from Index to launch a blog edition apparatus for enterprises called Bold.

Today Bold was acqhired by Postmates, Byttow reliable to TechCrunch, with he and co-founder Ben South Lee (also before of Secret) fasten a smoothness startup. Bold will close down, murdering off a craving blogging apparatus and essay assistant, and a unknown edition space IO.

Byttow will lead product for Postmates’ customer-facing app, while Lee leads pattern for it. “Postmates is gonna slay” Byttow DMed me, elaborating that “I consider Postmates is in a really singular position to leapfrog itself and continue be a personality in a on-demand smoothness space. That’s because Ben and we joined!” Postmates reliable a merger to us, and forked to CEO Bastian Lehmann’s twitter above welcoming Byttow and Lee to a team. 

In Secret’s hyped-up heyday, it lifted a $25 million Series B. Byttow notoriously took $3 million off a list during a turn and assured co-founder Chrys Bader-Wechsler to do a same. The thought was that a money would make Secret’s founders reduction expected to sell a association early. Instead, reduction than a year later, Secret had imploded, lifting questions about a use of founders cashing out early.

But clearly Silicon Valley is peaceful to pardon such function if someone has a required skills in today’s rival recruiting market. Postmates is guileless Byttow and Lee during a vicious time for a company. Having lifted a $160 million Series D final year, Postmates contingency infer it can build a tolerable business notwithstanding a on-demand smoothness space’s tough section economics.

Once on a time, Byttow assured 15 million to use a argumentative app in another unsure market. Postmates will have to wish Byttow can likewise expostulate traction of a app while vouchsafing someone else hoop a business.

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Posted by on Jun 10 2017. Filed under NEWS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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