News Byte

Design Site Fab.com Adds Two C-Level Execs

Fab.com, the flash sales site dedicated to contemporary design, has appointed two new executives: Beth Ferreira as COO, and David Lapter as CFO. Ferreira was most recently a consultant to start-ups; before that, she was VP of operations and finance at Etsy. Lapter was most recently with KIT Digital, which acquired his previous company, KickApps.

Kabbage Closes on $17 Million Round to Help Online Merchants Grow

Kabbage, which helps small online merchants obtain working capital, has raised $17 million in a second round of funding.
kabbage2-feature

Etsy Moves CTO Dickerson to CEO, Replacing Founder Rob Kalin

Etsy, the handmade goods online marketplace, has appointed its CTO Chad Dickerson as CEO. He replaces founder Rob Kalin, who stepped back into the top leadership role in late 2009.
iusa_75x75.7657947

VCs Pay Up for Second(ary) Chance to Invest in Web Winners

Apparently some folks wanted extra cash to buy ultra-deluxe Christmas gifts last year. Current employees of private companies made up the largest single portion of stock sellers on SecondMarket in December, a huge leap from prior months.

Abe's Market Raises $3.4 Million to Target E-Commerce Niche

Investors are betting they’ve found the next Diapers.com, Etsy or ModCloth, but instead of being a niche marketplace for baby products, crafts or independent designers, this one’s focused on natural and organic products.

For the Person Who Has It All, Skyara Sells New Stuff to Experience (Video)

What do you get for the person with everything this holiday season? Start-up Skyara lets users offer unique experiences for sale in their local area and share what they do best with those who want something new in their lives.

Former Googler Adam Freed Takes COO Job at Etsy, As It Crafts More Funding

Former Google international exec Adam Freed has taken a job as COO of Etsy, the crafts e-commerce site, which just raised another $20 million in venture funding. Index Ventures is part of the new round, which also includes previous investor Accel Partners. Freed speaks nine languages, which will come in handy at Etsy, since it helps craftspeople globally sell handmade items online.

App Watch: Phoning From the iPad

Apple’s iPad doesn’t technically offer the ability to make phone calls, but New York-based voice over IP phone system provider M5 Networks has figured out a way to offer clients the capability through an app.

EBay CEO John Donahoe at D8: More Mobile Shopping and Payment Options

A few years back, John Donahoe’s position was an unenviable one. As incoming CEO of eBay, he was taking the reins of a company that, while the clear leader in the online auction space, had seen its growth stall amid increased competition from formidable rivals like Amazon.com, as well as from upstart auction sites like Etsy.
John Donahoe

Trying to Make Online Shopping More Fun

The new breed of e-commerce sites is benefiting by making shopping more personal and more like a game, the CEO of high-end retailer Gilt Groupe said Wednesday. Susan Lyne, whose site offers designer brands to members at reduced prices, said that by offering a limited number of products for a small amount of time, Gilt has overcome one of the biggest difficulties for online retailers: getting people to move from putting an item in their cart to actually buying it.