BranchOut’s story is a brutal lesson about building on someone else’s platform. After raising $49 million and growing to 33 million users, Facebook changed its viral channels leading BranchOut to starve. Now the “Linkedin Within Facebook” wants to throw in the towel.
Sources confirm that BranchOut is in discussions with several acquirers in the recruiting space for its main team, product, and data, though that may take a little time. Right now, it’s in late stage talks with the Hearst Corporation to sell its mobile team that built enterprise chat app Talk.co. That info is backed up by the fact that Talk.co that it launched a year ago, was quietly shut down today, and its apps have been removed too. BranchOut could find another buyer for Talk and its team, though, and the leak of this news could impact the outcome.