The big news out of Silicon Alley yesterday was the big $40 million round raised by Fab, a start which pivoted its business model less than a year ago and has now scored a $200 million valuation led by Andreessen Horowitz.
What drove Fab’s sudden success? It’s got a seasoned leader in Jason Goldberg. Flash sales are a big opportunity when executed right. The company builds its own technology. But according to folks in the know, a lot of the credit goes to Ashton Kutcher, who holds a much larger stake in the company than has been reported. Read More