Tristan Walker’s Next Act: Building a Procter & Gamble for People of Color

The former Foursquare biz-dev boss has created Walker & Company Brands, whose first product is the Bevel shaving kit.
twalker

Bitcoin’s Biggest Bet: Andreessen Horowitz Leads $25 Million Investment in Coinbase

Get ready for a lot more venture capital flowing into bitcoin-related startups, starting … now!
Coinbase co-founders Brian Armstrong (l) and Fred Ehrsam, sporting we-got-money grins.

Fanatics Created a $1 Billion Sports E-Commerce Powerhouse — Now Here Come the Apps

If it wants to grow its own brand, its new apps will have to stand out.
Fanatics Mobile App Feature Image

News Byte

Andreessen Horowitz-Backed Jumio Introduces One-Click “Pay With Passbook” Purchases for iPhone Apps

Jumio, the payments company backed by Facebook co-founder Eduardo Saverin and Andreessen Horowitz, today announced a product that will let mobile app users fill in their payment info by snapping a photo of their credit card with their phone, save that info to Apple’s Passbook wallet app and then complete future transactions within partnering apps by simply clicking a “Pay with Passbook” button. Airbnb and Fab, the company said, are current Jumio customers.

Zulily, Not Gilt Groupe, Will Be the First Deals Site to Go Public Since Groupon

An IPO that the e-commerce industry will be watching closely.
zulily_images

The Real Reason for Fab’s Layoffs: A Big, Bad Bet on Flash Sales

The company said it needs to cut staff because of a new focus on profitability. But that’s not the whole story.
fab broken heart layoffs

News Byte

Andreessen Horowitz and 7-Eleven Back Customer-Loyalty Startup Belly in $12.1 Million Series B

Belly, a Chicago-based customer-loyalty startup, has raised $12.1 million in the initial tranche of its Series B round, from Andreessen Horowitz, NEA and 7-Eleven’s 7-Ventures subsidiary, among others. The company, whose customer base is mostly made up of small- and mid-sized businesses, has now raised more than $28 million.

News Byte

Perfect-Fitting Bras With Just a Selfie Earns ThirdLove $5.6 Million Investment

Another intimate apparel company is entering the fray, but with a technological twist. ThirdLove, which is announcing a $5.6 million investment from NEA, Andreessen Horowitz and Michael Kors, says its smartphone app can fit women for lingerie by simply analyzing a photo that they take of themselves. The ThirdLove app then shows customers a selection of its own bras and panties that are the right fit for them.

Fab Lays Off More Than 100 Employees in Europe, as It Continues Retreat From Flash Sales

The e-commerce site’s Berlin marketing and merchandising staff will be hit hard.
fab broken heart layoffs

Pressure Is on Stealth Payments Startup Clinkle as It Raises $25 Million From Big-Name Investors

The biggest seed round in the history of Silicon Valley!
Lucas-Headshot