Unilever buys Dollar Shave Club for reported $1B value

Unilever creates and captures a unicorn with its plans to acquire Dollar Shave Club.

Announced this evening, the $130 billion dollar multinational consumer goods company is speculated to be paying $1 billion, all cash, for the startup, according to reports from Fortune.

If the pricing is true, the transaction will be the third largest ever in e-commerce, only beaten by zulily and Wayfair.

E-commerce is often a scary space for investors, but David Pakman, DSC investor and board member from Venrock, believes the space has a strong pulse.

Venrock, along with other investors, will be getting a true venture 10X return with the sale, if approved in Q3. Other well known VCs, including Andreessen Horowitz, Battery Ventures, and KPCB, have been a part of DSC’s growth. However, Battery…

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