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January 15, 2016 04:00 pm GMT

Venture Capital Is Terrible At Online Shopping

tipped shopping cartAnother day, another series of Silicon Valley e-commerce explosions: Gilt Groupe just sold for a fraction of its valuation (and its capital raised) and One King’s Lane is reportedly the next to die. Previously it was Fab.com being sold for nothing after severely underperforming — ah, Fab, the first billion-dollar retail “unicorn” born with crossed eyes and a trick knee. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/KKpvn20JTRU/

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