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"Now is the time for answers," Perry said. "Someone went missing from a bed in San Francisco General. That's not normal." | "Now is the time for answers," Perry said. "Someone went missing from a bed in San Francisco General. That's not normal." | ||
Vivian Ho, and Lee are staff writers. E-mail: , , Twitter: , ,</html> | Vivian Ho, and Lee are staff writers. E-mail: , , Twitter: , ,</html> | ||
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| + | == Before Zulily's IPO, One VC Firm Has Already Cashed In == | ||
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| + | <html>Cash image copyright | ||
| + | Mom-focused e-commerce site Zulily ,[http://haynxx.com/Review.asp?NewsID=187 David Stark Wilson home in Oakland overlooks S.F.]. And one of the big winners appears to be<br> | ||
| + | Maveron,[http://tyreprobe.com/images/Custom-Denver-Broncos-Jerseys-For-Sale.html <strong>Denver Broncos Jerseys Wholesale</strong>], the venture capital firm co-founded by Dan Levitan and Starbucks CEO Howard Schultz that was one of the flash-sale site s earliest backers. | ||
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| + | Maveron invested a little less than $5 million into Zulily in its Series A and Series B investment rounds,[http://keralaviewer.com/kumarakoms.html <strong>Shop Giants Jerseys</strong>], according to the filing. And it already had a payday when it sold a piece of its stake for $32.5 million last year. | ||
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| + | That would a nice return on its own. But Maveron still owns a huge piece of the business: 23.6 percent, according to the documents filed today. | ||
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| + | With a successful IPO,[http://tyreprobe.com/images/Custom-Denver-Broncos-Jerseys-For-Sale.html <strong>Custom Denver Broncos NFL Jerseys For Sale</strong>], the venture capital firm could be looking at a return of many multiples of what it has already pulled in. | ||
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| + | Zulily CEO Darrell Cavens has also taken money off the table in previous rounds to the tune of nearly $10 million. He still owns 20.9 percent of the company. | ||
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| + | One more interesting nugget: In Zulily s last investment round,[http://www.wiki2buy.com.br/test/index.php?title=Usu%C3%A1rio:Ugsxyorg8#First_Night_festival_in_Boston_saved_by_donors First Night festival in Boston saved by donors], Andreessen Horowitz paid about $69 million for seven percent or so of the company, according to the documents.</html> | ||
