MyFabrik was talked about late yesterday by not only one high profiled site, but also another one. I believe it’s hard to ignore a $24.9 million funding round. The only thing that disturbs me about this place, is that it seems to be blowing through money rather quickly.
With hot competitors such as box.net online, as well as the more talked about lately YouSendIt, I wonder if $24.9 million is truly justified funding for this venture? Now they do have a big name on their board, and I think if anyone can make this company work it would be Ross Levinsohn. He is the experience that this place needs, and also the man that FIM probably misses the most this morning.
Technically Speaking, I hope it works out as I truly believe Ross is the man to have on your board of directors if you are a startup.