Beeper acquired by Automattic, fintech's decline and YC's lack of LatAm founders
Today, the Equity crew dug into Automattic buying Beeper for $125 million. Recall that the WordPress parent company bought Texts.com last year for $50 million. Elsewhere in deal-land, Proton bought Standard Notes, and we recently discussed the Wonderschool-Early Day purchase. More, please! In the Deals of the Week column, Mary Ann chose Payjoy’s massive new run rate, while Alex wanted to riff on the Proxima Fusion round that could help bring the next energy revolution a little bit closer to reality. And to close out, we looked at Anna Heim’s latest on Y Combinator’s evaporating number of participating startups from Latin America, which we posit could have something to do with fintech falling out of favor with investors — and fintech being the startup category that we most associated with Latin America founder activity.