Monday, July 15, 2013

FAB Daily Deal Site

Fab is one of my favorite daily sites because they are more than just a regular daily site.

They have a superb selection of items, which are carefully selected.

While their products do not have the steep discount of other sites, they are items that I wouldn't have found on my own.

I like to save money whenever possible, but that does not mean I wont purchase an item I really like at regular price.

Fab is everyday design. People use Fab to discover everyday design products at great prices, to connect with the world's most exciting designers, and to share their favorite design inspirations.

Here is the background on FAB from their press kit:


Core Beliefs

Fab is everyday design. Our mission is to make our customers, partners and
employees smile.

How it Works

The Fab website and mobile apps offer exclusive access to daily curated design sales
featuring emerging designers and iconic design brands. Membership is free and is
open to everyone. We believe everyone, everywhere benefits from great design.

Company History

Fab was founded in February 2011 by serial entrepreneur Jason Goldberg (XING AG,
socialmedian, and Jobster) and design industry veteran Bradford Shellhammer (Dwell,
Blu Dot and Design Within Reach). Originally introduced as social networking site
Fabulis, Fab launched on June 9, 2011, as the marketplace for everyday design.
As of July 2012 Fab has more than 5 million members in 20 countries. Fab reached 1
million members in just 5 months; faster than Facebook, Groupon and Twitter. The
company has worked with over 5,000 design partners and has over 400 employees.

Funding

Over $150M in funding as of July 2012. Combination of an early-stage round of funding
(1M) in June 2011, a Series A round (8M) in July 2011, a personal investment from CEO
Jason Goldberg, a Series B round (40M) in December 2011 and a Series C round
(105M) in July 2012.

Fab.com investors include: A Grade Investment, Jon Anderson, Andreessen
Horowitz, Atomico, Baroda Ventures, Don Baer, First Round Capital, Troy Carter,
Docomo Capital, Jason Goldberg, Lars Hinrichs, Mark Kingdon, Ashton Kutcher, Ben
Ling, Mayfield Fund, Menlo Ventures, Allen Morgan, Dave Morgan, Guy Oseary,
Pinnacle Ventures, Kevin Rose, ru-Net Technology Partners, SoftTech VC, SV Angel,
Dave Tisch, Thrive Capital, The Washington Post Company, and Zelkova Ventures.