Peter Kafka

Recent Posts by Peter Kafka

Fashion News and Shopping Site Refinery29 Raises $20 Million

Refinery29, one of the most prominent Web properties pursuing the “content + commerce” meme, has raised a $20 million C round funded by Stripes Group. The fashion news/shopping company, which has raised more than $30 million since 2005, says it will use the money to push into new categories, including beauty and entertainment, and will also invest in technology. Refinery29 says it has a global audience of 11 million people.


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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