Friday, February 24, 2017
Nasty Gal's Fall From $100M A Year In Sales To Zero
Two publications this morning--the WSJ and the Los Angeles Times, have dissected the fall of Los Angeles-based NastyGal--once, one of the symbols of the rise of Silicon Beach--and how it went from nearly $100M a year in revenue to bankruptcy. NastyGal's Sophia Amoruso had started the company on eBay, took it to the venture market, but was unable to sustain its growth, or loyal customers. Nasty Gal's bankruptcy sale closes next week.