Friday, December 16, 2011

Foundry Gets Big Exit At Zynga

Boulder-based Foundry Venture Capital scored a huge win Friday for its 2007 fund, Foundry Venture Capital 2007, as one of its portfolio companies, Zynga, hit the public markets. Zynga debuted on the NASDAQ Global Select Market on Friday at $10.00, and was trading between $9.00 and $11.00 during the day. Foundry has a huge stake in Zynga--6.1 percent of Zynga before the IPO, or 34,560,060 shares. Foundry's Brad Feld sits on Zynga's board.