18 Months After Launch, Startup Socialcam Just Sold For A Nifty $60 Million

michael seibel socialcam
Michael Seibel cofounded Socialcam.

[credit provider=”Michael Seibel”]

What have you done in the last 550 days?Mike Seibel used the time to start a project at one startup, Justin.Tv, spin it out into a new company, called Socialcam, get a few million in funding, and then, this morning, sell the thing to Autodesk for $60 million.

TechCrunch has lots of details about what life will be like for Socialcam after the acquisition, but the jist is this: it will focus on lean product development and operate independently for now.