Liz Gannes

Recent Posts by Liz Gannes

Eduardo Saverin Leads $7M Funding in ShopSavvy

Three-year-old ShopSavvy, maker of popular comparison shopping apps, has raised its first outside funding: $7 million led by Facebook co-founder Eduardo Saverin. ShopSavvy CEO Alexander Muse said he plans to expand into social sharing and outfit-comparison polls, add a wallet feature and recruit celebrity users. ShopSavvy has 10 million active users, with 20 million user images uploaded, as well as relationships with 40,000 retailers.

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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