Two of Silicon Valley's favorite startup websites are joining forces

Product Hunt, the "Reddit for startups" website favored by Silicon Valley investors and entrepreneurs, has been acquired.

The three-year-old startup was acquired by AngelList, a company that matches startups with prospective investors and employees. Terms of the deal were not disclosed but Recode reported the deal was worth about $20 million.

Product Hunt will continue to operate independently, though the companies plan to create some integrations that will allow both sites' audiences to reach each other, AngelList said. 

Based in San Francisco, Hoover and most of the Product Hunt team will begin working out of AngelLists's office. Read more...