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Nov. 8, 2010 11:13 am

Diapers.com sells to Amazon, Philly gets 3rd exit in a week

Looks like those in the exit market are doing their Christmas shopping a little early in Philly. On the heels of Stuzo’s sale to Dachis Group and Boomi’s sale to Dell one of Philly’s oldest Internet companies has joined the party. Diapers.com, an e-commerce store founded in 2005 that sells early childhood goods, has reportedly […]

Looks like those in the exit market are doing their Christmas shopping a little early in Philly.

On the heels of Stuzo’s sale to Dachis Group and Boomi’s sale to Dell one of Philly’s oldest Internet companies has joined the party.

Diapers.com, an e-commerce store founded in 2005 that sells early childhood goods, has reportedly sold to Amazon for $500 million in cash. The company, while based in Jersey City, has deep Philly roots.

The company is funded partly by MentorTech Ventures and run by Penn graduates Vinit Bharara and Marc Lore. The company raised its Series E round earlier this year to bring the total funding amount for the company to $78.5 million. According to an article in Forbes earlier this year, Lore owns 9.5 percent of the company and Bharara owns 8 percent.

We’ll let you do that math on that payout.

Is the recent wave of exits a sign of the Philly startup community’s health or just coincidence?

Update: See Amazon’s official statement here.

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Sean Blanda is an adviser to Technical.ly, the local technology news network, having cofounded its flagship Technically Philly in February 2009. He is a media consultant, engagement editor for Behance and lives in Brooklyn, NYC.

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Comments

  1. Tweets that mention Diapers.com sells to Amazon, Philly gets 3rd exit in a week — Technically Philly -- Topsy.com / November 8, 2010

    [...] This post was mentioned on Twitter by Technically Philly and Christopher Wink, Yasmine Mustafa. Yasmine Mustafa said: RT @TechnicallyPHL: Philly has its third exit in a week. Indicative of the community or just a coincidence? http://bit.ly/c9mKyu [...]

  2. The Daily Start-Up: Amazon Tosses Diapers In Shopping Cart – Wall Street Journal (blog) | Purchaser Information / November 8, 2010

    [...] to buy owner of Diapers.com, others ReutersAmazon to Buy Diapers.com for $540 Million PC Magazine Technically Phillyall 387 news [...]

  3. Technically Philly » Ticketleap, Wish Upon a Hero raise cash | Covering the Community of People Who Use Technology in Philadelphia. / November 9, 2010

    [...] has been busy lately. As we reported yesterday Diapers.com, a longtime MentorTech portfolio company, was purchased by Amazon this [...]

  4. Attention (male) entrepreneurs and VCs: Women and moms aren’t actually the same demographic | PandoDaily / January 18, 2013

    [...] is perhaps why Diapers.com is one of the only ecommerce companies to get a decent $500 million exit: It’s the lone, great equalizer of parents, if only for a few [...]

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