Lot18 Uncorks Investment From Diapers.com Founders

Lot18, which offers rare or discounted wine and food items online, has closed a partial round of funding from the founders of Diapers.com, which was acquired by Amazon through its purchase of Quidsi in November. Lot18, which has 400,000 members and 80 employees, will use the funding to support growth and to launch new verticals. The amount raised was less than $1 million; in total, it has now raised $13 million.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work