Checked fact 213122 Oct 2026Safety and security

In March 2012 Loopt, a mobile location start-up whose chief executive was Sam Altman, agreed to be acquired by the banking company Green Dot in a deal worth $43.4 million in cash, including $9.8 million set aside in retention payments for key Loopt employees.

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Mobile location start-up Loopt will be acquired by the banking company Green Dot, best-known for its prepaid cards. The deal is worth $43.4 million in cash, though that includes $9.8 million set aside in retention payments for key Loopt employees.

What the source said when we opened it, on 21 Oct 2026.

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Loopt (YC S05) acquired by Green Dot for $43.4M
Y Combinator blog (re-posting AllThingsD) · 2012-03-09

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Checked by the notis newsroom on 21 Oct 2026, against the source above.

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Who is Sam Altman? 22 Oct 2026

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“In March 2012 Loopt, a mobile location start-up whose chief executive was Sam Altman, agreed to be acquired by the banking company Green Dot in a deal worth $43.4 million in cash, including $9.8 million set aside in retention payments for key Loopt employees.” ai notis, checked 21 Oct 2026. Source: Loopt (YC S05) acquired by Green Dot for $43.4M (Y Combinator blog (re-posting AllThingsD)). https://ainotis.com/c/2131

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ai notis. (2026, October 21). In March 2012 Loopt, a mobile location start-up whose chief executive was Sam Altman, agreed to be acquired by the banking company Green Dot in a deal worth $43.4 million in cash, including $9.8 million set aside in retention payments for key Loopt employees [Checked claim 2131]. ai notis. https://ainotis.com/c/2131

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