NetworthIQ acquired
Submitted by adamd on Thu, 05/15/2008 - 10:11.
Portland Web Innovators co-founder Ryan Williams' side project, NetworthIQ, has been acquired by Corvallis-based Strands.
NetworthIQ was started in 2005 by Fourio, a company Ryan founded with three friends to build side projects into sustainable businesses.
In the years before the acquisition, NetworthIQ was covered by major national publications and its traffic has grown steadily. As much as the site itself, it seems Strands was acquiring Ryan. In my biased opinion, I think that's genius.
Be sure to check out what Ryan has to say about it, and the NetworthIQ post links to the many blogs covering the news.
Since terms were not disclosed, we can only assume millions. Expect Ryan to be buying beers at the next PDXWI meeting (appropriatly, about side projects and acquisitions). Lucky for Ryan, we'll be at Nemo Design, where the beer is often free.
Thanks!
Submitted by ryanw on Thu, 05/15/2008 - 20:45.Hey Adam, thanks for the write-up. Where'd you get that picture anyway? I kid. I think the June meeting is going to great and this makes it even better as I can add my $.02 into the mix, however, I can't even come close to comparing myself to Andy's success. I would assume your assumption is generous ;-), but if there's no beer, I will buy a round for sure.