It was announced today that Appjet (YC S07) has been acquired by Google. No one we’ve funded deserved it more than the Appjets: over the last two years those guys worked their asses off. In fact, they are a good example of how extreme iteration can be.
Suddenly, after two years of crashing through the underbrush, the Appjets were in the right place the right time: they had cool real-time technology just at the moment when real-time was what everyone was after. So they had a lot of options; investors and acquirers were all over them.
The reason they decided to go with Google was that they were literally overwhelmed by Wave: after meeting the Wave guys, they were so impressed that they (a) wanted to work on Wave themselves, and (b) didn’t want to compete with it. After watching the Appjets tough it out for the past two years, I knew they weren’t simply being cowards. The technology in Wave must be pretty impressive, and we’re happy for the Appjets that they not only managed to land safely after so many ups and downs, but that they landed in a place they actually want to be.