Fab.com Presentation
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Fab is an e-commerce company that sells products for all price points and markets. It grew from 175,000 members in 2011 to over 10 million members in 2012. As of April 2013, Fab received 6 million unique visitors per month and had sold over 7 million products since launching. Fab is headquartered in Manhattan with offices in NYC, Pune, and Berlin and a warehouse in New Jersey. It was founded in 2010 by Jason Goldberg and Bradford Shellhammer and originally started as a social network before pivoting to its daily deals model in 2011.
Fab.com Presentation
- 3. • Fab is an e-commerce company for all price points and different markets. • It grew from 175,000 members in June 2011, to over 10 million as of December 2012. • As of April 30, 2013, Fab has disclosed that it receives 6 million unique visitors per month and have sold over 7 million products since launch. •
- 5. Location • Fab is headquartered in Manhattan and operates a warehouse in Keasbey, New Jersey. The company has office locations in NYC, Pune (India), and Berlin.
- 6. History • Fab was founded in February 2010 by Jason Goldberg (formerly of XING AG and Jobster) and chief designer Bradford Shellhammer. • The site was originally created as a social network before pivoting on June 9, 2011 into its model of daily design inspirations and sales.
- 10. fab • In December of 2012, Fab passed 10 million members, up from 7.5 million members in September. • Fab also announced it had sold more than 4.3 million products since its launch, averaging 5.4 products sold per minute. • In July 2013, fab eliminated 100 positions at its Berlin office as a profit-building measure. • Fab laid off 101 more staff, primarily at its New York office in October 2013, further reducing their workforce by 19 percent.
- 11. • Fab starts from $ 8 Million in 2011…… • Fab's largest round of funding, $105 million, occurred shortly after its 1 year anniversary in July 2012.