A first but likely not last for us, a portfolio company makes its first acquisition, Gone acquires Yardsale Inc., / FOBO
FOBO/Yardsale represents Gone’s first acquisition.
Yardsale Inc. was a YC-backed company, founded by Ed McManus and Ryan Mickle, that helped users sell stuff to their neighbors. Yardsale reached 130,000 users before the duo shut it down to focus on FOBO, which was an auction-based website that lets users sell their stuff via a mobile app.
According to Gone, FOBO had reached a $1 million yearly revenue run rate in just two months before the acquisition.
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