Jason Del Rey

Recent Posts by Jason Del Rey

Social Shopping Site The Fancy Gets New Funding and Will Smith as an Investor

The Fancy, the commerce site that lets users post cool products from around the Web and buy them right from the site, has received another large infusion of capital. Bloomberg reported that the round totaled $53 million, but that seems to include a previous investment of $26 million that closed in October. Since then, the company has raised about $27 million, according to an SEC form filed last week. A person familiar with the deal confirmed a Bloomberg report that actor Will Smith invested in the round.


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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