Fab.com does $1.3mm revenue in first 30 days. Fab.com: Inspiration for the Flash Sales Space. This past summer I launched a pop-up e-commerce business called Indie Cases, which produced and sold iPhone cases with exclusive designs from graphic artists.
Soon after launch, Fab.com reached out to feature our products on their site. Though we passed on the offer for timing reasons, I was intrigued by their model and impressed by their customer acquisition stats. What follows is a brief description and analysis of their business… About Fab.com Fab.com is a flash sales site for design, cutting across art (the highest-grossing product category), jewelry/wearables, tech, etc. The Model: Sustainable and Scalable One might wonder why Fab entered the flash sales space when earlier entrants such as Gilt and Rue La La were already struggling to achieve profitability and continue to grow. Fab differs from the traditional flash sale businesses in several ways, not just in its focus on design. Fab.com Is To Groupon What Facebook Is To MySpace. Fab.com CEO Shows You How to Pivot.
Fab 2011 timeline. 8 Reasons Why We're Really Excited About the Fab.com Business Model. In confidential email Samwer describes online furniture strategy as a 'Blitzkrieg' Rocket Internet, the Berlin-based incubator best known for German-language clones of US startups like Zappos and Groupon, now has big ambitions, especially in the online furniture space according to information passed to TechCrunch Europe.
In a confidential email sent by Oliver Samwer which we have confirmed is genuine, the head (with his brothers Marc and Alexander) of European Founders Fund and the driving force behind Rocket, says their strategy is to become “number one” in the ecommerce sector for furniture over the next year. But the language he uses – including the world “blitzkrieg” – indicates an aggressive and potentially insensitive management style which appears to be a ‘modus operandi’ of Rocket Internet culture.
Samwer has since apologised for using the term. In the email, written in halting English, Oliver Samwer tells his team at Rocket that “there are only 3 areas in ecommerce to build billion dollar business: amazon, zappos and furniture.” Now Samwer Bros clone Fab and target European rollout. For startups looking to build a significant European presence, Germany’s Samwer brothers are like three horsemen of the apocalypse.
The trio behind Rocket Internet have become a terrifying force across the continent, making millions from their ruthless cloning of big services like eBay, Facebook and Groupon. The latest business in their sights appears to be New York flash sales site Fab.com, which specializes in daily discounted sales of design products. Tuesday, Fab CEO Jason Goldberg was alerted to a Rocket site called Bamarang.co.uk, which appears to be copying Fab wholesale. Here are screenshots of Fab (on the left) and Bamarang (on the right). There’s a small irony in that the victim is a copy of sorts itself; Fab started out as a social network for the gay community, but pivoted last year to become what is effectively a niche version of Groupon. But it’s not just the business model and idea of Fab that Bamarang is copying: it’s the entire design, look and feel. Qui sommes-nous ? H/F Buyer at Bamarang.fr - Offre d'emploi H/F Buyer at Bamarang.fr. Project-bamarang.fr.
Samwer Brothers Strike Again With Fab.com Ripoff. Fab's Jason Goldberg wags a finger.
By Adrianne Jeffries 1/25/12 8:30am Share this: Fab.com is New York’s fast-growing, revenue-generating “it startup” of the moment, a company that landed the rare double-pivot with a design-centric members-only flash sales site. It’s doing well and its business model is simple, so of course the fast followers have started to spring up; no less than seven copycats in the last month, says Fab founder Jason Goldberg. Fab Buys Casacanda For $11M To Fight The Samwers In Europe. Three weeks after the launch of Samwer Fab clone Bamarang in Germany, the UK, France, Brazil and Australia comes the news that Fab too has decided to bolster its European front lines through the acquisition of German flash sales site Casacanda.
According to a source familiar with the proceedings, the deal went down for $11 million in stock, with no earn out. Casacanda, which will change its branding to Fab.de post acquisition, is the leading flash sales site in Germany. “They were inspired by us but innovators,” Fab CEO Jason Goldberg tells me. Goldberg, who has famously come out against clones in the past, views aggressive expansion into international markets as the antidote to cloning, “Fab is going to win because we are authentic. In design, it has to be real. Fab, which has over $40 million in VC money from Andreessen Horowitz and others, hit the two million member mark in February and brought in $1.5 million a week in sales according to the WSJ. Créer un nouveau compte client.