Inky report says Comcast got OneTwoSee for $15 million - Technical.ly Philly

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Mar. 10, 2016 10:58 am

Inky report says Comcast got OneTwoSee for $15 million

Investors are divided, according to an Inquirer report. Is it “not enough” or “a meaningful exit”?

OneTwoSee cofounders Jason Angelides (left) and Chris Reynolds.

(Courtesy photo)

Full disclosure: Comcast is the title sponsor of Philly Tech Week 2016, which is organized by Technical.ly's events team.

The Inquirer’s Joseph DiStefano (simply @PhillyJoeD here at Technical.ly HQ) reported that OneTwoSee sold to Comcast for $15 million. (Comcast didn’t disclose terms of the deal.)

Not too shabby, he noted, given that the sports media company raised just over $4 million. But one investor told DiStefano it wasn’t quite what he had hoped for:

“It’s not enough,” one told me in a note from the tech exec job where he’s laboring. “Timing is everything. Unfortunately, Comcast is cheap so I have to keep working,” he cracked.

Meanwhile, MissionOG investor George Krautzel held that it was a great story for the Philly tech scene:

“We have a great story here — a Philly-based company that was funded first by local angels,” then bought by “a local institution. OneTwoSee built a good business and had a meaningful exit, to a Fortune 50 company.”

Kinda sounds like what we said.

Organizations: Comcast, OneTwoSee
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VIEW COMMENTS
  • Change Me

    Look what Comcast Cable management did to the Excite@Home Company back in Sept/2002 , They found a way to bankrupt the Company ,Then Comcast Management turned around and bought Excite@Home out from under them ! Excite@Home in todays world (16 years later) is now called Xfinity Internet Services !

    Do the research people to find out for yourselves !

    Comcast Cable Management does not play fair at all , FACT……….

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