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LegalZoom Finds Funding From TCV, Adds New Board Member

socalTECH

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. READ MORE>>.

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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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LegalZoom Valued at $2 Billion Following Investment

L.A. Business Journal

Glendale online legal technology company LegalZoom.com Inc. With this investment, LegalZoom’s estimated value totals roughly $2 billion. announced June 30 it completed a $500 million financing round from four total investors, its second since the firm’s founding in 2001.

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LegalZoom Adds Kleiner, IVP As Investors

socalTECH

Glendale-based LegalZoom said last week that it has added Institutional Venture Partners and Kleiner Perkins Caufield & Byers as investors in the firm. No details on the investment were disclosed. LegalZoom said it now has more than 500 employees and has served more than 1 million customers. READ MORE>>.

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The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

I’m reminded of LegalZoom who was founded in LA but moved it’s headquarters to Glendale and much of its operations to Austin, Texas. But talent with no capital is another word for migration. And then there is public policy. Historically the City of LA has been hostile to startups.

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