This seems to be the first company from the 500 Startups accelerator program to ...

seto28 on July 8, 2011 | parent | context | favorite | on: Google To Buy Mobile Loyalty Card Startup Punchd

This seems to be the first company from the 500 Startups accelerator program to be acquired. Other companies from the 500 Startups seed fund have previously been acquired, like BackType and CardMunch.