The Buffalo Chronicle
ACV Auctions
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After ACV, UB alum Dan Magnuszewski is trying to build Buffalo startups on purpose
The UB computer science graduate helped turn ACV Auctions into Buffalo’s first tech unicorn. With 43North’s competition over and ACV now owned by Copart, he runs the venture studio the 43North Foundation…
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43North’s final pitch is over. The biggest return on New York’s startup bet now sits in a foundation
43North handed out its last $5 million this month. Tax filings show how a state-funded stake in ACV Auctions became a $61 million foundation that now decides how Buffalo’s startup money gets…
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Copart now owns ACV, and the merger filings show what Buffalo workers were promised, and for how long
Copart closed its $1.9 billion cash purchase of Buffalo’s ACV Auctions on Oct. 16. The filings guarantee employees’ pay for one year but describe no commitment to keep the headquarters or jobs…
