1986

Safeguard Scientifics provided management assistance and guidance to a new television-based shopping company, QVC (Quality, Value, Convenience). Less than three months from inception, QVC became a public company with venture support from Safeguard and other investors. Cable home shopping rapidly gained recognition, growing to be a $450 million industry in less than two years, with QVC at the helm.

By July 1989, QVC reached over 35 million homes and had expanded its customer base to include over 4 million shoppers. With the purchase of its largest competitor, CVN, QVC looked forward to its next ambitious sales goal of $1 billion.

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