Google pays $10 million for Cal Poly startup
July 13, 2011
Google has purchased the California Polytechnic State University San Luis Obispo student startup Punchd, which started as a senior project, for $10 million, the founders of Punchd announced.
Hatched by a pair of Cal Poly students, the company helps connect customers to their favorite restaurants, shops and venues through smartphones.
“We wanted a better solution for loyalty cards, so we built it,” the group announced on its website. “Reed Morse and Grantland Chew whipped up the first prototype in an Android Development class, a class offered because Google donated a bunch of Android phones to Cal Poly’s Computer Science department.”