[HN Gopher] Tell HN: We (Causal) got acquired - thank you HN
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Tell HN: We (Causal) got acquired - thank you HN
Hi HN, I'm the co-founder/CEO of Causal. We just announced our
acquisition: https://www.causal.app/blog/causal-joins-the-lucanet-
group Just wanted to say a big thank you to the HN community --
Everything started with this post from over 5 years ago [1] which
gave me and Lukas (CTO) enough conviction to quit our jobs to work
on Causal full-time. A few months later we launched an Excel
sensitivity tool [2]. In 2022 we shared how we scaled our
calculation engine to billions of cells [3] and a few months ago we
had a successful Show HN of Causal 2.0 [4] The product is now used
by 100s of startups (many YC companies) and we're excited for this
next phase of growth within Lucanet :) [1]
https://news.ycombinator.com/item?id=19704418 [2]
https://news.ycombinator.com/item?id=21625974 [3]
https://news.ycombinator.com/item?id=32000400 [4]
https://news.ycombinator.com/item?id=39755858
Author : refrigerator
Score : 75 points
Date : 2024-11-01 17:11 UTC (5 hours ago)
| not_your_vase wrote:
| Congrats!
|
| A related question, if you don't mind me asking: was acquisition
| your initial goal when you founded Causal, or did you just
| receive an offer you couldn't refuse?
| refrigerator wrote:
| Thanks!
|
| We didn't have an end goal in mind from the beginning -- we had
| the idea for the product and wanted to see if it had legs as a
| business, and then grow it and see where we could take it.
|
| From what I recall, I don't think this kind of acquisition was
| on our radar in the early days -- we expected the startup game
| to be much more binary (massive outcome or bust), and this was
| the standard narrative at the time.
|
| We're fortunate to have landed in a middle ground that more
| founders should be aware of earlier on (and I think awareness
| is increasing).
|
| Not a massive outcome by VC standards, but still a win for us,
| our team, our customers, our product, and our early investors,
| and not the end of the journey yet!
| swyx wrote:
| congrats taimur! please do a podcast with ali again, love you
| both. am also keen on your assessment of the other
| spreadsheet/forecasting startups
| Cshelton wrote:
| Oh wow, congrats! I remember when you first launched this and
| followed you along on X (Twitter).
| refrigerator wrote:
| Ah awesome, thanks!!
| barrrrald wrote:
| Congrats Taimur!
| dang wrote:
| Macroexpanded:
|
| _Show HN: Causal 2.0 - Modern Financial Planning for Startups_ -
| https://news.ycombinator.com/item?id=39755858 - March 2024 (71
| comments)
|
| _Scaling our spreadsheet engine from thousands to billions of
| cells_ - https://news.ycombinator.com/item?id=32000400 - July
| 2022 (109 comments)
|
| _Show HN: Excel Sensitivity Analysis Tool_ -
| https://news.ycombinator.com/item?id=21625974 - Nov 2019 (30
| comments)
|
| _Show HN: Should you buy a house and rent it out?_ -
| https://news.ycombinator.com/item?id=19704418 - April 2019 (243
| comments)
| Lukas1994 wrote:
| Thanks @dang!
| 999900000999 wrote:
| Congrats!
|
| Acquihired or IP sell( with enough money for retirement I hope) ?
| refrigerator wrote:
| Product acquisition, we'll be continuing to grow Causal at
| Lucanet, lots of potential to cross-sell into their existing
| customer base :)
| nwhnwh wrote:
| What is good about getting acquired?
| dimkorf wrote:
| $$$ It's an exit strategy.
| ridiculous_leke wrote:
| Congratulations! Were you default alive prior to the acquisition?
| Lukas1994 wrote:
| With our current growth rate and no additional hiring we
| would've been profitable in less than 12 months :)
| ryanisnan wrote:
| Hey Taimur! Great job on the acquisition. Looking forward to
| seeing what you do next.
| refrigerator wrote:
| Thanks man!
| tdeck wrote:
| Congrats! Happy to join you on your incredible journey!
| orliesaurus wrote:
| How much did you make?
| refrigerator wrote:
| Without getting into numbers, it's a fair bit more than we
| would have been able to make at, say, a big tech job over the
| same time period (5 years)
| financetechbro wrote:
| Congratulations and good luck on this next chapter!
| refrigerator wrote:
| Thank you!
| sirobg wrote:
| Congrats! Related: https://news.ycombinator.com/item?id=42004769
| kstrauser wrote:
| Way to go! Congratulations and nicely done!
| refrigerator wrote:
| Thank you!
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(page generated 2024-11-01 23:00 UTC)