Hatch Labs
Hatch Labs was a startup incubator that hires entrepreneurs and technical talent to build mobile ventures conceived of within the lab.[1] Hatch Labs, often referred to as “Hatch,” was initially funded by Extreme Labs (which was later acquired by Pivotal Labs) and IAC. The company was formed in Oct 2010 by Dinesh Moorjani, who was the Founder and CEO. Although Hatch started in New York City, it opened its west coast office in West Hollywood. Hatch owed 100% of each startup at inception, and spun out promising ventures with additional capital.[2] Hatch exclusively focused on mobile businesses,[3] and gave birth to numerous startups, including Tinder, CashPlay, BluTrumpet, ShopTouch from 2010 – 2013.[4]
The most well-known business incubated at Hatch was Tinder, which is a location-based dating and social discovery application that facilitates communication between mutually interested users, allowing matched users to chat. The app was launched in 2012, and by 2014 it was registering about one billion "swipes" per day.
In 2013, IAC ceased funding of Hatch Labs which resulted in Hatch Labs shutting down.[5]
References[edit]
- ↑ "Meet Blu Trumpet: The First Chick to Fly Out of IAC's Hatch Labs". The Observer. Retrieved 2016-01-15.
- ↑ "Hatch Labs Incubates Golden Mobile Eggs". Forbes. Retrieved 2016-01-15.
- ↑ "Assessing Hatch Labs' Accelerator Hybrid Strategy One Year In". Pando. Retrieved 2016-01-15.
- ↑ Rao, Leena. "Exclusive: IAC Hatches Hatch Labs, A Technology Sandbox To Incubate Mobile Startups". TechCrunch. Retrieved 2016-01-15.
- ↑ "IAC Shutters Hatch Labs". AdWeek. Retrieved 2016-01-15.
External links[edit]
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