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)