CHICAGO BUSINESS – Mar 2 – Yagan is a well-known founder, CEO and investor. He was CEO of ShopRunner, an e-commerce company that is being acquired by FedEx. He previously was CEO of Match Group, which acquired OkCupid. He also co-founded Excelerate Labs, which later became TechStars Chicago. He plans to raise $200M in an IPO for a special-purpose acquisition company called Corazon Capital V838 Monoceros. The company, incorporated in the Cayman Islands, takes its name from the Chicago-based venture-capital firm run by Yagan and longtime business partners Steve Farsht and Phil Schwarz. As a blank-check company, Yagan and his team have 24 months to find an acquisition. Corazon says it's targeting businesses with "consumer-facing technology, subscription- or recurring-revenue models, marketplaces and networks, or those that operate in sectors such as education, social media and dating, and e-commerce."
by John Pletz
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