Yahoo bought Polyvore in what we’ve heard could be a $60 million deal today. Both Polyvore and Yahoo were mum on those details, but Polyvore co-founder Jess Lee did tell TechCrunch her company will continue to do the same thing as it’s been doing before – now on a larger scale and with more resources from the tech giant run by Marissa Meyer.
Polyvore will remain a standalone product, according to Lee, but she will now report to Yahoo SVP of publisher products Simon Khalaf, who reiterated the community integration aspect of the deal.
“Every time we’ve seen an integrated community we’ve seen magical things happen,” Khalaf said. “We’ve seen it in Yahoo Sports, we’ve seen it in Yahoo Finance and we definitely see that in Polyvore and the great product that the Polyvore team has built.”
Meyer played a big part in the deal, according to Khalaf and Lee. However, Khalaf emphasized that it was the blending of community and commerce opportunities on Polyvore that drove the acquisition. “That’s what drove us to consider this and get it approved and talk to the Polyvore team who definitely reciprocated,” he said.
This also gives Polyvore another avenue to monetize. “By partnering with Yahoo we can roll out our ad platform across the Yahoo network by integrating with Yahoo Gemini,” Lee said.
Polyvore has partnered with Yahoo on a few other projects and Lee told TechCrunch talks of the deal started from there. We should also note that three ex-Yahoo engineers, Jianing Hu, Guangwei Yuan and Pasha Sadri, started Yahoo back in 2007.
When asked why this was the time to sell, Lee said it was “the right time and the right amount” and that she was “very, very happy with the outcome.”