Zazzle Rumor: Big Hedge Fund Investment | TechCrunch (original) (raw)
2:02 PM PDT · July 27, 2007
Here’s an unconfirmed but well sourced rumor: silicon valley based Zazzle will be closing a second round of financing in the 30millionrange,ata30 million range, at a 30millionrange,ata300+ million pre-money valuation. The round is expected to be led by an as-yet-unnamed hedge fund. Kleiner Perkins (which led the company’s $16 million Series A round in 2005, is supposedly also particpating in the round. Look for confirmation from the company in the next couple of weeks.
The company competes with CafePress and others.
Michael Arrington most recently Co-Founded CrunchFund after leading TechCrunch to a successful exit with AOL. His venture investments include Uber, Airbnb and Pinterest. Michael was the Editor of TechCrunch, which he founded in 2005. In 2008 Time Magazine named Michael “One of the World’s 100 most influential people”. Michael also practiced securities law at O’Melveny & Myers and Wilson Sonsini Goodrich & Rosati.Michael graduated from Stanford Law School and Claremont McKenna College.
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