Mark Vadon Buys 5 Percent of Blue Nile

Vadon says he’s optimistic about company he founded

In June, Blue Nile founder Mark Vadon (pictured) bought 5 percent of his former company.

Vadon and two associated holding companies now control 580,509 shares, according to an SEC filing.

 “I’ve always loved the company, and I made the investment because I am optimistic about the new growth initiatives,” Vadon tells JCK. “I believe the management team is doing a good job, and I am optimistic about the steps the company is taking to grow.”

Vadon filed a 13G form, indicating a passive stake.

The former Bain consultant left the company in 2013 to concentrate on the other business he founded, flash-sale site Zulily. Last year, Zulily was sold to QVC.

(Photo courtesy of Zulily)

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JCK News Director

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