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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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MyTime Snags Funding For Appointment Service

socalTECH

The round was led by GRP Partners, and also included angels such as Dave McClure, Dave Tisch, Ben Smith (Merchant Circle), Brian Lee (ShoeDazzle, LegalZoom), Jason Calacanis, Evan Rifkin, Jennifer Lum, and Jay Weintraub. GRP's Mark Suster said the round was worth $3M, with GRP putting up most of the funds.

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Rubicon's IPO Filing: Who's Next?

socalTECH

However, local companies seem to have been pursuing a much easier route to liquidity lately -- one of the companies most talked about for an IPO in the last few years was LegalZoom, which ended up dropping its IPO bid in favor of a sale to private equity investor Permira. READ MORE>>.

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The Honest Company Raises $25M More

socalTECH

Lee is a serial entrepreneur who has been involved in such companies as LegalZoom and ShoeDazzle. sale products baby ecommerce subscription actress celebrity alba jessica company honest' The Honest Company offers up a variety of eco-friendly baby- and kids- products via subscription. The Honest Company has now raised $58M in funding.

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Interview with Carey Ransom, RealPractice

socalTECH

We thought it would be worth hearing about where the firm is today, as well as Carey's strategy to create something similar to LegalZoom, but for attorneys. I see us compared with a LegalZoom, which has done phenomenally well. Folks like LegalZoom have taken commoditized documents, for things which don't necessary need an attorney.

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Hollar Picks Up $17.5M For Bargain Gifts Site

socalTECH

and tech veteran Brian Lee (LegalZoom, Honest Co., The funding came from Index Ventures, Lightspeed Venture Partners, and others. Hollar's executives were previously at Honest Co., including David Yeom (CEO, formerly in Business Development at Honest Co.) ShoeDazzle), who serves as Executive Chairman of the company. READ MORE>>.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Look beyond California and you have group purchasing (GroupOn in Chicago, LivingSocial in Washington DC), private sales (Gilt Groupe in NY, HauteLook in LA), artisan marketplaces (Etsy in NY), eCommerce (Amazon in Seattle) and on and on. Each of these companies exited for more than $500 million and several north of $1 billion.