New ShoeDazzle CEO Conducts Layoffs, Secures More Funding

A small shake-up at ShoeDazzle is under way, just days after its CEO was replaced with founder Brian Lee. According to a source close to the company, ShoeDazzle laid off a small number of employees today. Cuts were estimated to affect “a low double-digit percentage.” The source also confirmed that the Los Angeles-based e-commerce provider recently raised $6 million in new funding from insiders, which is in addition to the $40 million it raised last year.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik