Can we please have our $50,000 grand prize back? It seems like you don’t really need it any more. We have just one question for founder and CEO Aaron Patzer, though. Intuit sent a letter to Mint demanding an explanation for this apparently inconceivable feat, which we obtained and printed here. In all, Mint has raised $32 million over three venture rounds.Įarlier this year Mint and Intuit had a humorous clash over Mint advertising claims of gaining 3,000 new users a day and jumping from 600,000 to 850,000 users in a matter of months. Their last round of financing valued the company at $140 million. Mint took the top prize at that event and has been growing fast ever since. This is a terrific exit for Mint, which first launched two years ago at TechCrunch50. Update: CEO Aaron Patzer has just confirmed the deal on-stage at TechCrunch50, and written a guest post describing The Value of TechCrunch50 that contains more details. The deal should be announced in the next few days. Silicon Alley Insider first reported a rumor on this. After all, is owned by Intuit, the same company that produces financial software essentials.
but the hype has quieted down quite a bit. If you haven’t heard of it, the concept is simple: allocate 50 of your net income for needs, 30 for wants, and 20 for savings. Intuit will acquire the free online personal finance service Mint, we’ve confirmed from a source close to the deal, for around $170 million. didn’t work for me, but the 50/30/20 budget rule did.
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