10-Month-Old Fab Now Generates $300,000 Per Day And Has 225 Employees


Fab has been growing fast since its relaunch last June.

Last month it hit the 3 million member milestone and it sold more than 1 million items total.

We checked in with co-founder Jason Goldberg to see where the home decor and design sales site is now.

Goldberg says the team has grown to 140 people in New York and 225 globally.  Fab now generates about $300,000 per day in sales too at an annual revenue run rate of more than $100 million.

Every employee still gets stock options, says Goldberg.


NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

fab sai-us