Who is the happiest man in Silicon Valley today? It has to be David Scott, chief executive of 3PAR. If he’s not the happiest, then he’s at least the guy who has made the most money in the past month thanks to the over-the-top bidding war for his previously obscure company.
According to a proxy filing in July 2010, Scott owned 2,923,468 shares in 3PAR, or about 4.6 percent of the company’s stock. On Aug. 13, those shares closed at $9.65 per share, making them worth $28,211,466.20.
Cue the bidding war. Dell threw in the towel on Thursday after Hewlett Packard offered to pay $33 per share. That makes Scott’s shares worth $96,474,444. That’s a nice 350 percent return in about three weeks.
The other big winners:
- Mayfield Fund holds 2,992,752 shares, about 4.8 percent, worth $98,760,816.
- Menlo Ventures holds 9,371,361 shares, about 15 percent, worth $30,925,4913.
- Worldview Technology Partners holds 8,382,058 shares, about 13.4 percent, worth $276,607,914.
- FMR LLC holds 7,643,890 shares, about 12.2 percent, worth $252,248,370.