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Manufacturing facility Factorli launches in Downtown Las Vegas

Factorli, a manufacturing startup based in Downtown Las Vegas, announced it has raised a $10 million Series A round of funding from Tony Hsieh, CEO of Zappos.com, and the VegasTechFund. Factorli was founded by Jen McCabe, former head of customer development at Romotive and head of hardware initiatives for the Downtown Project. Most recently, McCabe managed VegasTechFund’s expansion into hardware, funding 21 companies. Factorli operates from a 25,000-square-foot facility that serves as a manufacturing site for small volume runs of new hardware products.

Tony Hsieh Backs Rumgr, Launched by Ex-Zappos Employees

Rumgr, a Las Vegas-based app developer that allows users to sell items on their mobile phones, has raised $500,000 in seed funding from Zappos executives Tony Hsieh, CEO; Arun Rajan, CTO; and Fred Mossler. Also joining the round is Andrew Donner, CEO and owner of Resort Gaming Group. Rumgr is currently only available on the […]

‘Headless’ Rounds Ride Into Town, Helped by Kevin Rose

On Tuesday, TechCrunch reported that celebrity entrepreneur Kevin Rose has raised $1.5 million for his startup, Milk, from a “wide syndicate of Valley elites.” “Wide” may be understating things. Fully 24 angels participated in the round at what I’m told was a pre-money valuation of $15 million. Among those on the star-studded list: Twitter cofounder Evan Williams, […]

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Tony Hsieh Comes Clean… One Year Later

People typically react in one of three ways after we publish something they’d rather keep secret: (1) No comment; (2) Confirm and spin; and (3) Deny, deny, deny.

But now there is a fourth path: Deny loudly via an official statement to other news outlets (who accept it as gospel), and then admit the truth nearly one year later.

The culprit here is Zappos CEO Tony Hsieh. When his company agreed last July to be acquired by Amazon, peHUB reported the following:

“The decision to sell hot online shoe retailer Zappos to Amazon.com was more in line with the interests of Sequoia Capital than the company’s CEO, according to two sources close to the company… [Sequoia’s] Moritz and Zappos CEO Tony Hsieh came into conflict about the company’s future. Moritz, the sources say, wanted Zappos to sell while Hsieh wanted to remain independent.”

Hsieh responded swiftly with a statement that read, in part:

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