Monday, November 18, 2013

Maveron Comes Out The Big Winner In Zulily IPO

In venture capital, there are the wins, and then there are really big wins. For Seattle investment firm Maveron--the venture capital firm co-founded by Starbucks founder Howard Schultz--Zulily was a really, really, really big win. Maveron invested a total of $6M in Zulily back in 2009, with its return on Zulily worth over $1 billion after last week's IPO of Zulily. Maveron owned 22 percent of Zulily at the IPO.