Interesting because according to crunchbase their $6M round with a16z was at a $22M Val. With a follow on debt financing, that indicates to me that they might have taken a down acquisition. Of course that was 2+ years ago. So if it was a 20M acquisition that means that the last two years of growth [2] wasn't good enough.
[1] https://www.crunchbase.com/organization/product-hunt#/entity
[2] https://www.google.com/trends/explore?q=product%20hunt
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