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IPO wave is coming, and buyers spy a payday

Jason Pressman spent final Thursday morning cheering from the balcony of the New York Inventory Trade as shares of San Mateo software program agency Zuora, which he backed in 2008, started buying and selling.

By the market’s shut, Zuora’s inventory had soared 43 %, making his enterprise capital agency’s $17 million funding within the firm price roughly $150 million.

“Not dangerous in any respect,” Pressman stated by telephone final Thursday evening, earlier than heading to a celebratory dinner with about 60 individuals at a dear Italian restaurant within the Chelsea part of Manhattan. Pressman, a enterprise capitalist at Shasta Ventures, stated he had been up a lot of the evening earlier than however nonetheless anticipated to lift a couple of glasses. “I’m working a little bit bit on adrenaline.

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