A Fab Start Up Success Story

Having just launched Hip Social Spaces, a company dedicated to helping companies and web spaces stand out online, I have been intrigued by what’s going on with web start ups for some time now.  Every day, I seem to stumble across “the next big idea” on the web.  Last week it was the new design e-tailer, Fab.com, launched into the highly saturated flash deal space.  I signed up to receive Fab.com’s daily newsletter and have been pulled into this online discounted design world.  After all, I am a big fan of design and who doesn’t like a discount.  If ever there was an online early stage company that was successful, Fab.com is it.  Three months after the site’s launch, the start-up is already profitable with 600,000 members and six-figure sales days.  Fab’s ten buyers scour the world for products that fit Fab’s unique aesthetic. According to Forbes.com, the site sells everything from vintage typewriters to grenade-shaped soaps, up to a 70% discount.  “We’re crushing it,” says Jason Goldberg, founder and CEO at Fab.com.  Originally, the company projected “low double digits of millions a year.”  Now, Goldberg says, “We will do many times that.”

The site’s branded design, trendy product selections and easy navigation is refreshing and a Hip new social space worth diving into.

To read Forbes article: Fab.com is to Groupon what Facebook is to MySpace, click here.

To watch the Forbes interview with Fab.com founders, click here.