Why Foodspotting Is Worth $10 Million | Inc.com

"OpenTable's acquisition of Foodspotting shows why entrepreneurs should pay close attention to their platform capital.

Online restaurant reservation service OpenTable announced yesterday that it has acquired start-up Foodspotting for $10 million.

OpenTable lets diners book a table at their favorite restaurant. Foodspotting helps you choose a restaurant in the first place. You can search the site by restaurant or type of meal. It then serves up a set of user-uploaded photos of dishes at certain restaurants. The New York Times reported yesterday that Foodspotting has a database of three million food photos and is adding a few hundred thousand pictures every month.

But was that really enough to get Foodspotting a check from OpenTable? There are more than photos at work here."

Read more at:

Why Foodspotting Is Worth $10 Million | Inc.com:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.