Fab's Jason Goldberg weighs in on what he knows best: Fundraising
Fab was, in the words of Michael Carney, "among the biggest whiffs we’ve ever seen in the private markets." Jason Goldberg and Bradford Shellhammer's ecommerce startup went from a billion dollar valuation to a proposed sale valuing its remaining parts at just $15 million.
But despite whatever operational failings may have led to Fab's demise, one thing Goldberg never had trouble with is raising money -- Fab had raised over $300 million over its lifespan. And so in today's climate where, as Josh Kopelman [Disclosure: Pando investor] recently wrote, it's harder than ever for the army of seed companies to raise Series A rounds, there's a lot entrepreneurs can learn from Goldberg's experience.
In a Friday afternoon tweetstorm, Goldberg imparted some of this knowledge. Read all the tweets below: