Decrypted Podcast: Inside the Spectacular Collapse of Fab.com
The global technology industry is a powerful engine of innovation that drives the economy. It's also a collection of insular communities full of hidden projects, quiet rivalries and uncomfortable truths. In our new podcast, Bloomberg Technology's Brad Stone and the team's reporters uncover what actually happens behind closed doors.
In this very first episode of Decrypted, Brad and Bloomberg's Sarah Frier dig deep into the demise of Fab.com. Just a few years ago, Fab was valued at $1 billion. Today, it’s remembered as one of the most epic flame-outs in the history of U.S. technology startups. Sarah, who in 2013 was the first to report on the company's internal turmoil, talks to founder Jason Goldberg about how he felt as the company soared and then collapsed. Jason also recounts the lessons he’s learned -- so he won’t repeat the mistakes he made as he prepares to launch a new business all over again.