eComBizcenter

In the aftermath of the out-of-control bidding war that recently concluded with Hewlett-Packard out-spending Dell at $2.35 billion for storage maker 3PAR, the winners undoubtedly are enjoying one of the sweetest Labor Day weekends of their lives.

Those victors include CEO David Scott and venture capital firms Menlo Ventures, Worldview Technology Partners, and Mayfield Fund.

Menlo owns 15 percent of 3PAR, Worldview 13.4 percent, and Mayfield 10 percent. At the $33 average stock price that HP ended up paying for the Fremont, Calif.-based utility storage company, the financial harvest from the acquisition would read like this: Menlo $309 million, Worldview $277 million, and Mayfield $205 million.

Had the three VCs decided to cash out before Aug. 13, when the stock price was under $10, they would have earned back about $231 million. By waiting a couple of weeks, their investment return ballooned to $791 million.

Scott also owns a hefty amount of stock, and it has been reported that he will be banking something in the neighborhood of $65 million when the deal is signed and delivered. Of course, the formality of stockholders approving the sale still must take place, but nobody’s worried about anything bad happening on that front — not with this much money changing hands.

If you bought 3PAR before Aug. 13, you paid less than $10 per share. It’s now worth more than three times that amount, so the math looks awfully good for those lucky enough to have made that choice.

Because 3PAR is a mature storage company with good technology but that hadn’t been setting the world on fire with its sales performances ($134 million in sales for 2009, according to IDC), investors might have easily decided to cut their losses and sell out much earlier.

In total, the three VC firms had poured about $183 million into 3PAR during a seven-year period. For much of that time, 3PAR’s stock was in single digits; in fact, it was selling for under $10 ($9.65) on the last traading day before the first news of acquisition by Dell was announced, which caused HP to start the bidding war on Aug. 23.

You can buy 3PAR for about $33 today.