Connect with us

Hi, what are you looking for?

Jewish Business News


Jason Goldberg’s Was Spiraling through $14 Million a Month Before the Changes

Jason Goldberg

Jason Goldberg, co-founder of, says his design mall was hemorrhaging $14 million a month, before they started a round of layoffs and other course changing measures.

Speaking at the Disrupt London conference, Goldberg said the decision to pivot came when it was obvious the company wasn’t raising the money they though it would.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Altogether, they raised $150 million at a $1 billion valuation, when expectations had been for $300 million.

“And when you set out to raise $300 million and you raise $150 million, you change your business model, ” Goldberg said, kind of sadly.

Last month, they launched Hem (Swedish for “home”), the new vertically integrated home furnishings business.

Goldberg has relocated to Berlin to build and run the new company. “The unique value we apply to Hem is how do you apply technology, use technology to make the process of making and selling furniture easier, ” he said. “Hem is an evolution of Fab. We realised that this was the area that showed great margins.”

And the Fab brand? Kind of quiet for now.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.