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.

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.

Companies: Comcast, OneTwoSee
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