Ashton Kutcher and Ron Conway Invest In New Startup, Fab.com

Fab.com, a site that delivers daily designer sales, has piqued Ashton Kutcher's interest. Last week, he invested in the company that has 240,000 members and is growing by 5,000 users per day.

Kutcher joins SoftTech VC and SV Angel, who also announced their investments in Fab.com today. We're told their investments are "ahead of a larger round" Fab is working on.

Fab was founded by Jason Goldberg. It was originally a self-described "gay social network mashed with a gay Groupon."

It's safe to say the pivot was a good idea.

Please follow SAI: Silicon Alley Insider on Twitter and Facebook.

Join the conversation about this story »

See Also:

• The Big Regulation Forcing Facebook To IPO Could Be Torn Up
• Canvas Lures Union Square Ventures Into Its $3 Million Round
• How Pandora Survived More Than 300 VC Rejections And Running Out Of Money

Ashton Kutcher and Ron Conway Invest In New Startup, Fab.com

Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/kVoDEj63NaM/ashton-kutcher-and-david-lee-invest-in-fab-2011-6

Mashable Co-Editor: I'd Like To Invest In Hot Startups, Too

Earlier we reported that AOL's top tech editor, TechCrunch boss Michael Arrington, plans to "actively" invest in many of the company covers.

Another editor at another top tech pub, Mashable editor-at-large Ben Parr, doesn't think that's such a bad idea. 

He tweets:

"If I had Arrington's money, I'd be investing in hot startups and savvy founders too. That time will be soon, though."

(BTW: Soon? Is Mashable selling?)

For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.

Join the conversation about this story »

Mashable Co-Editor: I'd Like To Invest In Hot Startups, Too

Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/Op58kadukuk/mashable-co-editor-id-like-to-invest-in-hot-startups-2011-4

Fred Wilson: The end is near for CDs, record companies need to invest in the streaming market if they want to survive.

Fred Wilson: The end is near for CDs, record companies need to invest in the streaming market if they want to survive.

For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.

Join the conversation about this story »

Fred Wilson: The end is near for CDs, record companies need to invest in the streaming market if they want to survive.

Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/UIRebUxVPQg/fred-wilson-the-end-is-near-for-cds-record-companies-need-to-invest-in-the-streaming-market-if-they-want-to-survive-2011-4

CHART OF THE DAY: If You Hate America, You Should Invest In Tech Stocks

Bank of America/Merrill Lynch is out with a big, bullish report on tech stocks today.

It argues that many of the big premier names are straight-up cheap based on PE and growth.

Here's another reason they like tech. Of all the S&P sectors, it's the least exposed to the US economy. So if you hate the American economy, buy tech!

And click here to see BAML's favorite stocks >

Join the conversation about this story »

CHART OF THE DAY: If You Hate America, You Should Invest In Tech Stocks

Backlink: http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/1USvH7ynXes/chart-of-the-day-sp-500-foreign-sales-by-sector-2011-2