Ex-PayPal, YouTube and Yahoo Execs Raise Capital for Kid Activities in a Box

Mountain View, Calif.-based Kiwi Crate has raised $2 million in capital to help launch the company’s subscription-based service, which delivers a monthly package of hands-on activities for kids. The round was led by First Round Capital, with Mayfield Fund, Comcast Ventures, Felicis Ventures, Forerunner Ventures, Consigliere Brand Capital, UJ Ventures and 500 Startups also participating. The company was founded in 2011 by Sandra Oh Lin, former eBay and PayPal executive; Yu Pan, PayPal co-founder; and Yael Pasternak Valek, an ex-Yahoo product manager.


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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