Tuesday, February 7, 2012
Report: Rapportive, Backed By Calacanis, Acquired By LinkedIn
Angel investor Jason Calacanis looks to have scored an exit in his portfolio, according to reports today from AllThingsD. According to those reports, San Francisco-based Rapportive, a developer of plug-ins which overlay social networking information on your Gmail account, has been acquired by LinkedIn. The report put the acquisition in the "low teens" of millions of dollars. Jason Calacanis was an investor in Rapportive, along with Charles River Ventures, Dave McClure, Paul Buchheit, Gary Vaynerchuk, Shervin Pishevar and Venture Hacks. Rapportive is a direct competitor to Mingly, the Gmail contacts management software firm headed by Tyler Koblasa and backed by Idealab. Calacanis has been a fairly active angel investor across companies in both Southern California and Silicon Valley.