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Fab.com

That was fast: Fab.com closes in on 2M members

Fab.com, a design focused e-commerce site that runs flash sales, is doing an impressive job racking up really big numbers.

The site, in its current iteration, is just eight months old and is already boasting that it's about to hit 2 million members, likely making it the fastest growing e-commerce site on the planet.

That's impressive, for sure, especially given that until Wednesday, Fab.com wasn't open to all; you had to request an invite and Fab would send you an e-mail within a day or two welcoming you to the party.

That in itself was … Read more

SecondMarket: Private stock trades jump 55% in 2011

The IPO market may have regained its footing--sort of--but clearly not fast enough for some wanting to sell their private shares.

Trading on SecondMarket soared 55 percent in 2011 to a total of $558 million in transactions, as ex-employees, founders and others connected with hot startups cashed out shares. The company creates a marketplace for stock in private companies.

Demand, meanwhile, was huge, with those trying to buy private shares--measured by what SecondMarket calls "indications of interest"--offering more than $6 billion during the year.

SecondMarket says it's now completed more than $1 billion in private company … Read more

Fab.com aims to get more fabulous with FashionStake buy

Fab.com, a design-focused e-commerce site that's growing by leaps and bounds, acquired online independent fashion marketplace FashionStake for an undisclosed sum.

FashionStake carved out a niche for itself in the e-commerce world by allowing independent fashion designers to sell their goods on the site, rather than gambling on getting products into name-brand stores can be difficult to crack. According to FashionStake's Web site, it offers products from 240 designers in 16 countries around the world.

Fab.com was one of the more surprising Web standouts last year. Since launching its site in June 2011, the company has … Read more

Fab.com raises $40M, led by Andreessen Horowitz

Fab.com, a design-focused e-commerce site that's growing like mad, today announced that it has raised $40 million in a round led by the big venture firm Andreessen Horowitz.

It's a spectacular rise for Fab.com, which just six months ago changed course from its original business to become to a retailer all sorts of goods--from jewelry to artwork and home furnishings--through flash sales that typically last 72 hours. Fab.com started as a social network for the gay community.

"It's humbling, it's exciting and it's pretty amazing," said Jason Goldberg, the founder … Read more

Fab.com gets in the holiday spirit with two new gift shops

Consider your holiday shopping and decorating done. Fab.com, an online design marketplace, is launching two online holiday gift shops: One with 100 gifts under $100 and the other with modern holiday decor. These new shops go live tomorrow, November 1.

Fab's holiday gift shops join the original membership-based Fab site, which launched in June. Think of Fab as daily deals structured around small designers with unique vintage collections or newly designed products. Products range from furniture to wall decor to kids' toys to jewelry to unique kitchen appliances. Rarely will you find something you need, but you will … Read more