There were a lot of sales going on this past Cyber Monday, as many sites across the web slashed prices in a celebration of consumerism.
But few sites had the star power that BeachMint did. Yesterday, the company launched a unique Facebook application including a live video stream featuring the likes of Mary-Kate and Ashley Olsen, Kate Bosworth, and Rachel Bilson. The celebrities are, of course… → Read More
Up until now, ecommerce valuations have been relatively reasonable compared to social media valuations. As Aileen Lee of Kleiner Perkins and Kevin Ryan of Gilt Group discussed on stage at Disrupt, there’s resistance for these companies’ prices to get too out of control because frequently the margins are tight and scaling up takes time and investment.
Also, ecommerce companies have a pretty clear… → Read More
Back in October we wrote about JewelMint, a new subscription jewelry site endorsed by Kate Bosworth and her stylist Cher Coulter. The site represents the first vertical for Santa Monica-based startup BeachMint, and it’s apparently doing well — less than three months after launching, BeachMint just landed a new $10 million round, which comes in addition to the $5 million it raised last summer. → Read More
Over the last six months we’ve been tracking the progress of BeachMint, a company started by Diego Berdakin and MySpace cofounder Josh Berman, who formerly worked together heading News Corp incubator Slingshot Labs. In June the duo closed a $5 million funding round for BeachMint but declined to give many details, save for their goal to make waves in social commerce. Today, we have a much better… → Read More
In April, we reported that Diego Berdakin and MySpace co-founder Josh Berman, the two heads of News Corp’s incubator Slightshot Labs, were leaving the company. They haven’t wasted any time in launching their next project: today, less than two months later, Berman and Berdakin are announcing that they’ve raised $5 million from New Enterprise Associates and Anthem Venture Partners for a new startup… → Read More