15 Comments

Summary:

Google said today it’s acquired AppJet, a web collaboration startup, for an undisclosed amount that we hear is less than $20 million. AppJet’s EtherPad product will be shutting down in March and the team will join the Google Wave group.

Google today said it’s acquired AppJet, a web collaboration startup, for an undisclosed amount that is around $10 million (updated with new info about price) we hear is less than $20 million. AppJet’s EtherPad product will be shutting down in March and the team will join the Google Wave group.

The deal indicates Google’s intent to make the inscrutable Wave a productivity tool, rather than something more social. EtherPad is somewhat similar to Google Docs, showing a synchronized document modifiable by a group of participants. The company had introduced cool tools such as a “time-slider” that displayed the chronological revision history of a document.

Two of the three AppJet founders were formerly Google engineers. The startup, which had earlier focused on tools to build web apps, was funded through the Y Combinator program and had only raised around $700,000, according to TechCrunch. In related news, in a post on Hacker News responding to an outsider’s analysis, Y Combinator partner Paul Graham noted that 89 of 144 startups that have gone through the program are still alive.

By Liz Gannes

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  1. GIGAOM VS TECHCRUNCH – GIGAOM NEEDS MORE READERS

    Why is it that this same story on Techcrunch already has 21 comments versus just 1 (i.e., mine) on Gigaom? It appears that both of you offer a similar service – you are direct competitors. I think Gigaom needs to do more marketing to get more readers …

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    1. Sounds like you have something in mind, Shankar? Or maybe you have a comment on the deal?

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  2. SARCASM!

    Dear Liz, Thank you for your comment. In case YOU did not understand what I meant in my prior comment, here it is again: Gigaom appears to be lagging behind Techcrunch, based on the number of comments received for the same story.

    No, I’m not trying to sell you Gigaom any product or service. My comment does not necessarily have to be about the specific content of the blog post.

    I detect some sarcasm in your response to my initial comment. However, I am not upset.

    Wishing you the very best. I love Gigaom and I hope it keeps getting better.

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  3. [...] The Maker Of EtherPad Venturebeat: Google acquires AppJet. Maybe Wave will become usable now GigaOm: Google Buys EtherPad Maker for Google Wave AKPC_IDS += "1614,";Popularity: unranked [...]

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  4. [...] terms of the deal were not disclosed though GigaOm reported a purchase price of $10 million. The move was a sell out by a company that felt it couldn’t [...]

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  5. [...] i cui termini restano riservati ma che si vocifera sia costato a Google qualcosa come 10 milioni di dollari (a fronte di un finanziamento iniziale di [...]

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  6. [...] and while a Yelp deal didn’t come to fruition, a smaller buy of web collaboration startup AppJet did, not to mention larger purchases in other sectors like AdMob in mobile advertising. With the [...]

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  7. [...] also recently acquired another Y Combinator startup, EtherPad-maker AppJet, which Buchheit and Singh had invested in as [...]

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  8. [...] 5:33pm PST No Comments          0 What do collaboration toolmaker AppJet, social search manager Aardvark and email search appmaker reMail have in common? A trio of little [...]

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  9. [...] into line with Google’s recent string of buys of companies started by its former employees: AppJet, Aardvark and reMail. Picnik co-founder Jonathan Sposato had sold a previous company, Phatbits, to [...]

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  10. [...] frothiness, maybe it’s just that Y Combinator has had a nice string of exits like reMail and AppJet. Livingston said that one thing Y Combinator had done differently with this session versus others [...]

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