Fab.com Sold for $15 Million
According to re/code Fab officially sold for $15 million, partially cash and partially stock. You may be thinking, wow $15 million is not bad. But consider they raised over $300 million at a valuation around $1 Billion.
This is a story that happens more than you may realize as most venture funds do not publicize these types of losses. At the height of the company there were 750 employees. Just like stocks, it always appears going up takes time, coming down is swift.