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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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald