Source: http://feedproxy.google.com/~r/Techcrunch/~3/hLsXMaE9SkQ/
Thursday, November 1, 2012
At 9 Million Users Strong, Fab Raises More Money And Is Just Getting Warmed Up
In February 2011, Jason Goldberg and Bradford Shane Shellhammer were faced with one of the most painful experiences an entrepreneur must deal with: to decide whether to shut down their business, Fabulis, which was a social network for the gay community, and return the money back to investors. So to deal with this predicament, what did the two friends and founders do? They got drunk. Goldberg and Shellhammer took a break from the grind and went for a boozy dinner in Manhattan to figure out what to do next. Goldberg asked his friend over drinks, "If we could take this money in the bank ($2 million at the time) and do something else with it, what would you do?"
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