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ISSUE – Jun. 15 | One of Year’s Best Startups Isn’t in Silicon Valley, or China

ne of the year’s most spectacular startup payoffs isn’t in Silicon Valley or China, it’s in Japan. Mercari Inc.’s $3.7 billion coming-out party will deliver a 149-times return to early investor United Inc., which engineered a 300 million yen ($2.7 million) round in the flea-market app in 2013. That stake will be worth at least 45 billion yen when Mercari goes public June 19, a mega-windfall that may galvanize the No. 3 economy’s stunted startup scene. [ Bloomberg ]

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