2011 · Pivot
Would you have funded Fab?
Daily design sales after a social network pivot
Founders pivoted a struggling social network into a site selling a few discounted design products each day. Sales are taking off quickly.
- Fast growth after the pivot
- Low-margin flash sales
Show what happened
💥 Bust
Fab It was once valued at over $1 billion; its assets were sold in 2015 for an undisclosed sum.
Venture investors poured in money as sales grew.
Sources: Fab (website) (Wikipedia)
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