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Dan Primack / Axios:
Venture capitalist David Lee sues former SV Angel partner Ron Conway for $3.5M, wants declaratory relief for $15M-$20M more Lee expects to be owed in the future   —  Venture capitalist David Lee has sued former partner Ron Conway for millions of dollars Lee feels is being improperly withheld by Conway …
Nov 3, 2017, 11:00 AMIn context
Dan Primack / Axios:
Overstock.com plans to sell up to 500M digital tokens in an ICO to fund its subsidiary, tØ, an SEC-compliant digital token exchange   —  E-commerce veteran Overstock.com is planning to sell up to 500 million digital tokens via an initial coin offering that will launch next month …
Oct 24, 2017, 5:00 PMIn context
Dan Primack / Axios:
Online personal shopping startup Stitch Fix files for IPO, says it lost just under $1M on $977M in revenue for the year ending July 29, will trade on Nasdaq   —  Stitch Fix, a personal shopping subscription service founded by Katrina Lake, has filed for an initial public offering.
Oct 19, 2017, 4:05 PMIn context
Dan Primack / Axios:
Former Zenefits and Yammer CEO David Sacks raising a VC fund, according to SEC filing   —  Former Yammer and Zenefits CEO David Sacks appears to be raising a venture capital fund, according to an SEC filing .  —  Why it matters: Sacks created one tech unicorn in Yammer, which was sold to Microsoft for $1.2 billion.
Oct 6, 2017, 1:00 PMIn context
Dan Primack / Axios:
Filing: Jessica Alba's Honest Company is raising $75M at a valuation below $1B, 57% lower than Series D   —  The Honest Company, the all-natural home goods company co-founded by Jessica Alba, is raising $75 million in new venture capital funding at a much lower valuation than the last time around …
Oct 6, 2017, 11:55 AMIn context
Dan Primack / Axios:
Uber board voted to proceed with SoftBank talks, moves ahead with some governance changes; source says shareholder super-voting rights were removed   —  Uber's board of directors today failed to approve governance changes that would have formally prevented former CEO Travis Kalanick …
Oct 3, 2017, 6:42 PMIn context
Dan Primack / Axios:
Crowdsourced hardware maker Quirky, which filed for bankruptcy in 2015, relaunches with a similar focus but plans to license products for manufacture   —  Quirky once was one of the tech world's most-watched startups, raising around $200 million to build a platform whereby inventors …
Sep 26, 2017, 11:10 PMIn context
Dan Primack / Axios:
Sources: e-commerce company Wish is raising $250M at an ~$8B valuation, after raising $500M in December 2016   —  E-commerce company Wish is raising around $250 million in new funding at a valuation of around $8 billion, Axios has learned from multiple sources.
Sep 14, 2017, 1:55 PMIn context
Dan Primack / Axios:
Sources: FanDuel raising between $30M and $40M in new financing from existing investors; deal will be structured as a convertible note   —  Fantasy sports site FanDuel is in the process of raising between $30 million and $40 million in new financing from existing investors, Axios has learned.
Sep 14, 2017, 12:15 AMIn context
Dan Primack / Axios:
Ancestry.com CEO Tim Sullivan steps down and will transition into a chairman role on October 1; Ancestry's IPO is now delayed   —  Tim Sullivan is stepping down as CEO of geneology site Ancestry.com, which has been gearing up to go public.  The company was most recently valued at $2.6 billion.
Sep 12, 2017, 10:55 AMIn context

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