It will be interesting to see if this passes regulator review. Mint was a rare competitor in the online PFM market.
[edit]
Now confirmed
Full Version: Intuit to acquire Mint for $170M
Link
It will be interesting to see if this passes regulator review. Mint was a rare competitor in the online PFM market.
[edit]
Now confirmed
It will be interesting to see if this passes regulator review. Mint was a rare competitor in the online PFM market.
[edit]
Now confirmed
NOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Good lord, I went to Mint to get away from Intuit.
Good lord, I went to Mint to get away from Intuit.
Don't worry, I'm sure they'll figure out a way to add product activation to Mint too 
Trying to decide if I should wipe my information prior to Intuit getting it's hands on it. It's probably too late....
and I just finalized my switch to mint and away from mvelopes... wonder if I should switch back... I doubt mint will remain free
This sucks. Good for Intuit. Bad for Mint.
On that note, Yodlee has sucked for sometime too. Don't know of any other good aggregators. 
I don't know if this is related, but Mint has been unable to update my current transactions/balances all day today.
ugh.
Email received today:
QUOTE
Thank you for being a part of what’s becoming a revolution in active personal financial management. I’m excited to say that Mint.com and Intuit are coming together to take personal finance to the next level. Mint.com has entered into an agreement to be purchased by Intuit. Once the acquisition closes, Mint.com will have the opportunity to spread that revolution to more people, more quickly, together with one of the world’s strongest software brands. The acquisition is expected to close by the end of 2009.
What’s not going to change
Mint.com will stay the way you like it: free, easy-to-use and constantly improving.
What will change
As outlined in today’s press release and my blog post, after the acquisition closes, the Mint.com team will contribute to improving the financial lives of tens of millions of consumers and small businesses. I’ll personally be taking on the role of GM of Intuit’s Personal Finance group responsible for online, desktop and mobile consumer personal finance offerings. Joining Intuit enables us to bring our vision of helping consumers understand and do more with their money to millions of Intuit customers. This is a compelling combination of our innovative product, technology, and industry leading user interface design with one of the most trusted brands in software.
I look forward to executing on that vision --- for you.
Thanks for your support,
Aaron Patzer
Founder and CEO
What’s not going to change
Mint.com will stay the way you like it: free, easy-to-use and constantly improving.
What will change
As outlined in today’s press release and my blog post, after the acquisition closes, the Mint.com team will contribute to improving the financial lives of tens of millions of consumers and small businesses. I’ll personally be taking on the role of GM of Intuit’s Personal Finance group responsible for online, desktop and mobile consumer personal finance offerings. Joining Intuit enables us to bring our vision of helping consumers understand and do more with their money to millions of Intuit customers. This is a compelling combination of our innovative product, technology, and industry leading user interface design with one of the most trusted brands in software.
I look forward to executing on that vision --- for you.
Thanks for your support,
Aaron Patzer
Founder and CEO
QUOTE (NARC @ 9-14-09, 8:53am) 
Trying to decide if I should wipe my information prior to Intuit getting it's hands on it. It's probably too late....
I wouldn't think it's too late. The acquisition hasn't closed so Intuit shouldn't have their hands on any Mint data yet.
I think I'm just going to let it ride and see what ends up happening. Mint was awesome, hopefully they keep it that way.
aaaand today I get my first spam from Quicken. mother f***er
Wow. That was fast.
An excellent post from Jason Fried (founder of 37 signals, another very progressive company) on this story:
Link
Link
QUOTE
Mint’s sale to Intuit really pissed me off.
Why should I care? Because I think it’s indicative of a VC-induced cancer that’s infecting our industry and killing off the next generation. I don’t know the full backstory, but I’d bet this sale was encouraged by a Mint investor.
Here’s a fresh new company that was gunning for an aging incumbent. And not only gunning, but gaining. They had a great product, great design, and great potential. They were growing rapidly and figured out the revenue game. They were on their way to redefining an industry — one that was left for dead by the current custodians.
They were everything their main competitor, Intuit, was not. While Mint was inventing, Intuit was out of it. People used Quickbooks/Quicken out of habit and legacy. People used Mint because they loved it. Intuit was disgruntled, Mint was disruptive.
But here’s what happened: Intuit, last decade’s leader in personal finance, just became the next decade’s leader in personal finance. Mint had their number, but they sold it for $170 million. A big payday for sure, and if that was their two-year goal then they nailed it, but I can’t believe that was the point behind Mint. It had too much potential.
Mint was a key leader of the next generation of game changers. And now it’s property of Intuit — the poster-child for the last generation. What a loss. Is that the best the next generation can do? Become part of the old generation? How about kicking the **** out of the old guys? What ever happened to that?
Why should I care? Because I think it’s indicative of a VC-induced cancer that’s infecting our industry and killing off the next generation. I don’t know the full backstory, but I’d bet this sale was encouraged by a Mint investor.
Here’s a fresh new company that was gunning for an aging incumbent. And not only gunning, but gaining. They had a great product, great design, and great potential. They were growing rapidly and figured out the revenue game. They were on their way to redefining an industry — one that was left for dead by the current custodians.
They were everything their main competitor, Intuit, was not. While Mint was inventing, Intuit was out of it. People used Quickbooks/Quicken out of habit and legacy. People used Mint because they loved it. Intuit was disgruntled, Mint was disruptive.
But here’s what happened: Intuit, last decade’s leader in personal finance, just became the next decade’s leader in personal finance. Mint had their number, but they sold it for $170 million. A big payday for sure, and if that was their two-year goal then they nailed it, but I can’t believe that was the point behind Mint. It had too much potential.
Mint was a key leader of the next generation of game changers. And now it’s property of Intuit — the poster-child for the last generation. What a loss. Is that the best the next generation can do? Become part of the old generation? How about kicking the **** out of the old guys? What ever happened to that?
QUOTE (BlueTDimly @ 9-18-09, 8:31am)
An excellent post from Jason Fried (founder of 37 signals, another very progressive company) on this story:
Link
Link
QUOTE
Mint’s sale to Intuit really pissed me off.
Why should I care? Because I think it’s indicative of a VC-induced cancer that’s infecting our industry and killing off the next generation. I don’t know the full backstory, but I’d bet this sale was encouraged by a Mint investor.
Here’s a fresh new company that was gunning for an aging incumbent. And not only gunning, but gaining. They had a great product, great design, and great potential. They were growing rapidly and figured out the revenue game. They were on their way to redefining an industry — one that was left for dead by the current custodians.
They were everything their main competitor, Intuit, was not. While Mint was inventing, Intuit was out of it. People used Quickbooks/Quicken out of habit and legacy. People used Mint because they loved it. Intuit was disgruntled, Mint was disruptive.
But here’s what happened: Intuit, last decade’s leader in personal finance, just became the next decade’s leader in personal finance. Mint had their number, but they sold it for $170 million. A big payday for sure, and if that was their two-year goal then they nailed it, but I can’t believe that was the point behind Mint. It had too much potential.
Mint was a key leader of the next generation of game changers. And now it’s property of Intuit — the poster-child for the last generation. What a loss. Is that the best the next generation can do? Become part of the old generation? How about kicking the **** out of the old guys? What ever happened to that?
Why should I care? Because I think it’s indicative of a VC-induced cancer that’s infecting our industry and killing off the next generation. I don’t know the full backstory, but I’d bet this sale was encouraged by a Mint investor.
Here’s a fresh new company that was gunning for an aging incumbent. And not only gunning, but gaining. They had a great product, great design, and great potential. They were growing rapidly and figured out the revenue game. They were on their way to redefining an industry — one that was left for dead by the current custodians.
They were everything their main competitor, Intuit, was not. While Mint was inventing, Intuit was out of it. People used Quickbooks/Quicken out of habit and legacy. People used Mint because they loved it. Intuit was disgruntled, Mint was disruptive.
But here’s what happened: Intuit, last decade’s leader in personal finance, just became the next decade’s leader in personal finance. Mint had their number, but they sold it for $170 million. A big payday for sure, and if that was their two-year goal then they nailed it, but I can’t believe that was the point behind Mint. It had too much potential.
Mint was a key leader of the next generation of game changers. And now it’s property of Intuit — the poster-child for the last generation. What a loss. Is that the best the next generation can do? Become part of the old generation? How about kicking the **** out of the old guys? What ever happened to that?
Although that very well could be true, the opposite could also happen. Intuit now owning Mint could open a lot of doors for Mint and allow them to do things they always wanted to do but lacked resources for.
It will be interesting to see which way it goes.
True enough, but Intuit definitely has some history to overcome for a large number of users....
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