| Founded | 2010 |
|---|---|
| Closed | 2015 |
| Country | USA |
| Sector | Ecommerce |
| Total raised | $336M total (Andreessen Horowitz, Tencent) |
| Collapse type | Mass Layoff Spiral |
| Founder | Jason Goldberg |
Fab
"The design flash-sale unicorn that raised $336M, grew to 2,000 employees in 18 months — and sold the whole thing for $15M"
Cascading layoffs that accelerated the decline
Key Events Timeline
Fab launched as a gay social network and pivoted to flash sales for design objects, growing to $250M in revenue run-rate and 2,000 employees within 18 months after raising $336M.
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