A startup that’s operating in stealth mode raises an almost stunning amount of money before it releases a product. Investors write outsize checks to the outfit anyway because of the people involved in it, but before you know it, poof, the company is imploding, and the capital is gone. It’s a story that industry watchers know well at this point. Clinkle — the payments… Read More
Category: lightspeed venture partners
Nasty Gal founder Sophia Amoruso just raised venture funding for her new company
Sophia Amoruso famously founded the retailer Nasty Gal, growing it from an eBay store that sold vintage items to a darling of the fashion world that was seeing more than $300 million in sales at one point. Somewhere along the way, however, Nasty Gal lost its way. In the meantime, Amoruso is on to a new business, and now it’s venture-backed. Read More