Fab.com Flip-Flops on Fashion, Acquires Indie Marketplace FashionStake

Last July, after the freshly launched design flash sale site Fab.com had landed its first round of venture funding (a cool $8 million, led by Menlo Ventures), founder Jason Goldberg touted the site’s diverse mix of merch, from chairs and stationery to bikes and biscotti. There was just one category he said that the company would steer clear of: fashion. “We don’t have any ambition in the fashion category,” Goldberg told Venturebeat, in what sounded like an attempt to differentiate his site from the flash-sale fray (read: Gilt Groupe).