Hot Potato is a company.
Hot Potato has raised $1.0M across 1 funding round.
Key people at Hot Potato.
Hot Potato was founded by Justin Shaffer (Founder and CEO).
Hot Potato has raised $1.0M in total across 1 funding round.
Hot Potato was founded by Justin Shaffer (Founder and CEO).
Hot Potato has raised $1.0M in total across 1 funding round.
Hot Potato's investors include Alex, Amadeus Capital Partners, Andreessen Horowitz, Betaworks Ventures, Bowery Capital, Episode 1 Ventures, Founder Collective, Idealab, IVP, Lampros Capital Partners, LAUNCH, Lerer Hippeau.
Hot Potato was a mobile social check-in startup that enabled users to share real-time location-based activities and events, primarily targeting social users interested in broadcasting their whereabouts and experiences. It served individuals and early adopters in the location-sharing space, solving the problem of coordinating social activities through quick, event-focused check-ins, which later expanded to general activities. The company gained early traction with a $1.42 million Series A funding round but was acquired by Facebook in 2010 for approximately $10 million in cash, after which it shut down operations within a month to integrate talent into Facebook's team.[1]
Hot Potato launched publicly at TechCrunch's Realtime CrunchUp event in November 2009, focusing initially on event-based check-ins before pivoting to broader activity sharing. The startup raised $1.42 million in a Series A round from early-stage investors and angels, building a dedicated user base in the nascent location-services market. In August 2010, Facebook acquired it amid the social giant's push into location features, with Hot Potato's team citing Facebook's speed, entrepreneurial culture, and product excellence as key reasons for the sale; operations ceased shortly after, with user data deleted and no accounts retained.[1]
Hot Potato rode the 2010 wave of location-based social networking, coinciding with Foursquare's rise and Facebook's expansion into check-ins via Places. Its timing capitalized on smartphone proliferation and the shift toward real-time sharing, influencing Facebook's talent pool to accelerate features like mobile location services. By shutting down post-acquisition, it exemplified the "acqui-hire" trend, where startups fueled Big Tech's dominance in social tech rather than competing independently, shaping the ecosystem toward consolidated platforms.[1]
Hot Potato's story ended in 2010 with its integration into Facebook, but its legacy persists in modern location-sharing baked into Meta's apps. As privacy regulations and AR/VR evolve location tech, expect its alumni to influence next-gen social experiences; the acqui-hire model it embodied continues to propel talent into ecosystem leaders, underscoring how nimble startups like Hot Potato ignite broader innovation even after shutdown.[1]
Key people at Hot Potato.
Hot Potato has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Series A in November 2009.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2009 | $1.0M Series A | Alex, Amadeus Capital Partners, Andreessen Horowitz, Betaworks Ventures, Bowery Capital, Episode 1 Ventures, Founder Collective, Idealab, IVP, Lampros Capital Partners, LAUNCH, Lerer Hippeau, Oak HC/FT, Obvious Ventures, Offline Ventures, RRE Ventures, Shine Capital, Spark Capital, True Ventures, Union Square Ventures, Upside Partnership, Yes VC, Jeff Bezos, Roger Ehrenberg, Sahin Boydas, Scott Heiferman |
