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HotorNot.com Website Sold for $20 Million

Posted on February 19, 2008 by midascode

San Francisco based HotOrNot, founded by James Hong and Jim Young in October 2000, has been acquired.

The buyers are investors connected with Avid Life Media, and paid somewhere around $20 million for the site. Hong and and Young have been taking money out of the very profitable business all along the way – which we reported was another $20 million or in May 2007. HotOrNot never raised outside funding.

At a whopping $20 million it is clear that the web business was certainly a HOT property 😉

That is the shamefully bad pun out of the way, so let us know your thoughts on this deal.

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Posted in Featured Articles | 1 Comment

1 thoughts on “<span>HotorNot.com Website Sold for $20 Million</span>”

  1. Ignacio Blimka

    12/26/11
    1:18 am
    December 26, 2011
    1:18 am

    Ignacio Blimka says:

    Hi there! I was curious to know if setting up a blogging site such your own: http://midascode.co.uk/blog/hotornotcom-website-sold-for-20-million/ is tough to do for inexperienced people? I have been hoping to create my own blog for a while now but have been turned off because I’ve always believed it demanded tons of work. What do you think? Thanks alot 🙂

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