Maveron related stories
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Don't dismiss the unusual when it comes to picking dealsWhen John Frankel, founding partner at the New York-based venture firm ff Venture Capital, first heard about UniKey, developer of the Kevo app that lets smartphone users unlock doors, he was shocked, even incredulous that an LP would suggest he consider it for an investment.
VC-backed Groupon agrees to buy Korea-based Ticket Monster for $260 mlnEcommerce company Groupon has agreed to acquire Ticket Monster from LivingSocial for $260 million in cash and stock. The deal is expected to close in the first half of 2014. Ticket Monster is a provider of product, local and travel offers in Korea. Groupon is backed by a number of investors that include New Enterprise Associates, Accel Partners, Battery Ventures, Andreessen Horowitz, Greylock Partners, Kleiner Perkins Caulfield & Byers, Maverick Capital, Silver Lake Partners, Technology Crossover Ventures and Maveron.
Don't dismiss the unusual when it comes to picking dealsQuirky sounding or unusual companies that seem to deviate from the norm often times find backing—and some pay off big, too
- Seattle-based ecommerce site Zulily prices IPO - WSJ
Zulily, the Seattle-based ecommerce site that targets moms and their children, has set the pricing terms of its IPO, the Wall Street Journal http://blogs.wsj.com/digits/2013/11/01/zulily-sets-ipo-range-at-16-to-18/ reported. According to the publication, Zulily, has priced its IPO at between $16 and $18 a share, giving the company a valuation of up to $2.2 billion. Maveron, which holds the second largest stake in Zulily, plans to sell 2.63 million shares while the company's others investors August Capital and Andreessen Horowitz both plan to sell about 800,000 shares each. The stock will trade on the NASDAQ under the ticker symbol "ZU." Goldman Sachs, BoA Merrill Lynch and Citigroup are acting as lead underwriters.
- VC-backed Zulily files for $100 mln IPO - Tech Crunch
According to Tech Crunch, Zulily has filed for a $100 million IPO. An ecommece site that targets moms and their children, the Seattle-based Zulily is backed by Maveron, Andreessen Horowitz, Trinity Ventures and Meritech Capital Partners.
- Potbelly raises $105 mln for IPO - Chicago Tribune
Potbelly Corp. has raised $105 million in its IPO of 7.5 million shares at $14 per share, as reported by the Chicago Tribune. The stock begins trading Friday on the NASDAQ under the ticker symbol "PBPB." BoA Merrill Lynch and Goldman Sachs are the lead underwriters. Based in Chicago, Potbelly Corp., which is backed by Benchmark Capital, Maveron and Oak Investment Partners, is a sandwich chain.
- Ebay Buys Decide.com
Ebay said Friday it has bought Decide.com. Financial terms weren't announced. Seattle-based Decide.com helps consumers find the best time to buy products. Decide. com has raised $17 million in venture capital from Madrona Venture Group, Maveron, Vulcan Capital, and angel investors.
- Vacation Listing Service Raises $5M Maveron, Bee, Meyer, Others
Vacation Listing Service said it raised $5 million in seed funding from Maveron, Bee Partners, Peterson Ventures and Meyer Ventures along with Spencer Rascoff, CEO of Zillow; Erik Blachford, former CEO of Expedia; Greg Waldorf, former CEO of eHarmony, Thomas Byrne, former President of LoopNet, Robert Spottswood, founding board member of Hyatt Vacation Ownership, Raymond L. “Rip” Gellein, Jr., founder Vistana Resorts, Barry Sternlicht and Steve Hankin of Starwood Capital, Egon Durban of Silver Lake, Douglas Dillard, Jr. of Standard Pacific Capital and Gene Frantz of Google Capital.
- IVP Promotes James Newell and Andrew Barr
Institutional Venture Partners, the Menlo Park, Calif.-based later-stage venture capital firm, has promoted James Newell to Vice President and Andrew Barr to Senior Associate. Newell joined IVP in 2009 and recently completed the MBA program at Wharton. Barr, who also studied at the University of Pennsylvania, joined the firm in 2011.
- peerTransfer Closes $6.4 Mln Financing
PeerTransfer has closed $6.4 million in new funding. Investments came from QED Investors, led by Nigel Morris, co-founder of Capital One Financial Services, and FIDES and KIBO Ventures. Existing investors also participated including Spark Capital and Maveron. Boston-based peerTransfer provides payment solutions for the education industry.