AngelList Acquires Startup Company Product Hunt

December 1, 2016 11:42 AM EST

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AngelList has acquired Product Hunt, according to TechCrunch.

The purchase price was said to be about $20 million.

Product Hunt is a platform that allows users to vote up or down on startup products.

The move was affirmed by Product Hunt founder Ryan Hoover.

AngelList could be looking for Product Hunt to potentially develop into something like Kickstarter.

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