Lexity is now Part of Yahoo!
I called Amit last Wednesday soon after the acquisition announcement. We had been happy investors in Lexity for almost 2 years now since we led the Series A with our friends at True Ventures.
Amit was at a Yahoo conference room with the whole Lexity team, getting briefed by HR on roles, benefits, getting their pictures taken for their IDs and planning their move out from the Lexity World Head Quarters to the Yahoo! Complex. It all sounded like a well thought out, expeditious process but I admit it was hard to hear.
I would like to thank Amit and his whole team (for our investors and personally) for all their hard work and wish them all success in their new roles. It is sometimes difficult to see a company get sold a bit prematurely especially when they are hitting their stride, numbers starting to look like that elusive hockey stick with so much to look forward to.
In this case I think Yahoo! got a really great product, an exceptional team and a visionary in Amit that may potentially help revitalize the oft overlooked asset inYahoo! Shopping.
I look forward to seeing what happens next…