How one of the world’s fastest-growing startups burned through $300m

On an overcast day in November 2014, Jason Goldberg sat at his desk in NYC, poring over the term sheet to sell his company, Fab.com.

This moment was meant to be the culmination of years of hard work — countless late nights spent strategizing, analyzing financials, and meeting with investors.

Fab had raised $336m since rebranding itself as an ecommerce platform in 2011. At one point, it had been a unicorn, valued at $1B. It had 750 employees on multiple continents, a schmaltzy HQ in New York, and an enormous warehouse stocked with millions of products. READ MORE