Fab's Chinese Investor, Africa's Female Entrepreneurs, Crowdfunding Crusher: June 20

Illustration by André da Loba

Online retailer Fab.com raised $150 million from investors including Chinese behemoth Tencent Holdings, “hinting at an appeal to the emotions of a particularly lucrative—and elusive—group: Chinese shoppers,” writes Joshua Brustein. [Bloomberg Businessweek]

Women started businesses at a greater rate than men in Ghana, Nigeria, and Thailand, reports J.D. Harrison, citing the Global Entrepreneurship Monitor. [Washington Post]

Lean startup guru Steve Blank talks with Ian Mount about the pros and cons (mostly cons) of raising venture capital. [New York Times]

Erica Nicole says small business owners should learn from a controversy surrounding the $315 price tag on Nike’s new LeBron James-branded sneakers. [YFS Magazine]

Kickstopper (video): “A website that raises funding to crush people’s dreams at the exact moment when they need to be crushed.” (ht @thebrowser) [OfficialComedy]

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