One year ago Michael Arrington of Techcrunch reported that Seattle-based user-generated review site Judy’s Book was shutting down. Today he reported that Judy and her book are back from the dead and have been acquired and are back in circulation.
You read that correctly - while other startups are biting the dust, previously-deadpooled Judy’s Book is back online and under new ownership. The site was originally launched in July 2005 and was shut down in 2007 after burning through $10.5 million in capital.
New investors David Niu, Geoff Entress, and Andy Liu have acquired the assets of the company and are behind the new launch.
Intersting twist: All three investors are Limited Partners in Founder's Co-op - which is managed by General Partners Andy Sack and Chris Devore. Sack and Devore were the original founders of Judy's Book and Andy's mother-in-law, Judy, was the inspiration for the site.
Judy's Book is an online community where smart shoppers find and share the best deals, sales and coupons - both from online and local retailers. [more]
Founders Co-op is a seed-stage investment fund based in Seattle. We've pooled the resources and expertise of more than a dozen successful... [more]
Rob Lewis
Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.
His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University.
When not blogging on...[more]
