In early 2015, MentorTech Ventures invested $8 million across two rounds for Jet.com, an ecommerce startup angling to take on Amazon.

It was the biggest investment the University City venture firm had made in a single company, spurred by their belief in Jet founder Marc Lore. MentorTech even set up a special side fund to make the deal happen. (It’s unclear if MentorTech invested further in Jet. We have yet to hear back from the firm on that.)

Now, roughly 18 months later, the Hoboken-based company is in talks to be acquired by Walmart, according to aWall Street Journal report. Neither Jet nor Walmart commented on the news.

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