The new company, set up in September 2013 and based in Berlin, currently employs about 20 people. It went live todayoffering a relatively small selection of clothing, jewelry, electronic and home goods.
Design retailer Fab.com has lost one of its guiding stars today: Chief design officer and cofounder Bradford Shellhammer has left the company after four years of making Fab into one of the most exciting shops on the Internet.
As Fab makes the journey toward profitability, it’s doing so without a big chunk of its employees.
It was a big day for funding. Here’s the quick overview.
Dave McClure is one of the most prominent angel investors in Silicon Valley — and possibly the world. His accelerator, 500 Startups, will fund its 500th company sometime this year. And no, in answer to “all the stupid questions,” 500 Startups will not shut its doors after reaching that number.
He may also take the prize for most F-bombs per sentence of any investor.
In another sign that China is moving up the food chain in manufacturing, Intel said today it has opened its first-ever chip manufacturing plant in Dalian, China.