Product Hunt revealed on Thursday it has been acquired by AngelList, a site and community for investing in startups. Product Hunt will remain an independent brand under Hoover after the transition, with the two sites looking to eventually collaborate on new tools initially centered around jobs. “There’s cultural alignment in that mission.”When Product Hunt first launched in 2013, AngelList CEO Naval Ravikant was “smitten by it,” he says. “We want to make sure Product Hunt is independent and gets the resources it needs to thrive and grow. But Product Hunt is the one selling to AngelList because at its core, Product Hunt faced many of the revenue challenges of other media properties.

Source: Forbes December 01, 2016 16:03 UTC