Levitan, co-founder Maveron 222

Maveron’s Dan Levitan to step down from Zulily board as stock soars to new heights

Early Zulily investor Dan Levitan, the Maveron co-founder and partner, will not seek re-election to the company’s board of directors, and will step down following its next annual shareholder meeting, the company said in a Form 8-K filing with the SEC today. Zulily also said that it appointed John Geschke, Zendesk’s General Counsel, to the board. “We are thankful to… Read More

Zulily co-founder Mark Vadon in a 2011 interview

This Seattle tech exec saw his net worth skyrocket $500 million today

Zulily’s shares jumped more than 35 percent today after Wall Street applauded the Seattle online retailer’s fourth quarter earnings, which blew right past analysts’ estimates. The performance even got CNBC’s Jim “Mad Money” Cramer hyperventilating with excitement. But there’s one person who benefitted more than anyone with today’s news: Zulily chairman Mark Vadon. Vadon, the… Read More

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Mad Money Cramer says Zulily can ‘beat’ Amazon; stock soars 40% after big earnings release

CNBC “Mad Money” host Jim Cramer was extremely bullish on Zulily this morning, even calling the Seattle-based daily deals site for moms and kids’ products the first legitimate competitor he’s seen to fellow Seattle online retailer Amazon.com. “I think they can beat Amazon,” Cramer said on CNBC this morning. “Why? Because they are a technology company… Read More

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The year in quotes: From Ballmer to Bezos to Bitcoin

Wow, what a year! From Amazon drones to Steve Ballmer’s retirement to spectacularly performing IPOs, the tech industry took some wild twists and turns in 2013. Here’s our look back at the action, with some of our favorite quotes of the year. What are your favorite (or least favorite) moments of the year? December  “I… Read More

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Zulily shares soar 7%, tops $5 billion market value

Seattle’s newest publicly-traded company is continuing to shine on Wall Street after its spectacular IPO last month. The stock of the daily deals company jumped more than seven percent in value today, giving it a whopping market value of $5.58 billion. (There are currently 132.2 million outstanding shares).  That’s more than both Zillow and Tableau… Read More

Skype CFO Bill Koefoed is now with Portland's Puppet Labs.

Tech Moves: Ex-Microsofties join Amazon drone team; Skype CFO to Puppet Labs; Porch hires 3 execs

—It seems as though just about everyone has heard of Amazon’s audacious plan to deploy flying delivery drones. Some are calling it a PR stunt, but Amazon actually has a team of employees working on a project called “Amazon Prime Air.” Now we know who’s on the drone team. AllThingsD reports that there are five Amazonians on… Read More

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Here they are: GeekWire’s 2013 Newsmakers of the Year

It has been a giant year for news at many of the Seattle region’s technology companies — with successful IPOs, historic transitions, surprising technology plans and comeback stories keeping the GeekWire news team busy throughout the year. And with that as the backdrop, we are pleased to present an annual tradition, the unveiling of the… Read More

Zulily co-founder Mark Vadon in a 2011 interview

Seattle’s new billion dollar man: Here’s who scored in Zulily’s spectacular IPO

Zulily’s initial public offering today represented a huge milestone for the Seattle company. It also made the founders and venture capitalists fabulously rich. Take, for instance, 43-year-old Zulily co-founder and chairman Mark Vadon who was able to maintain a 31.4 percent stake in the company through multiple rounds of financing. Vadon’s 35.4 million shares now… Read More

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Shares of Zulily skyrocket in IPO debut, open at $39.40

Everything about Zulily throughout its short history has been fast, so much so that employees of the Seattle daily deals company often refer to its accelerated pace as “Zulily time.” Now, the stock of the 4-year-old company, which just began trading Friday morning under the ticker ZU, is starting out with a big bang. Zulily,… Read More