Tuesday, November 13, 2012

Winklevoss twins lead $750K investment in shopping startup





The Winklevoss twins, before they were VCs, did a pistachio commercial.




(Credit: YouTube)

The Winklevoss twins, known for their long legal battle with Facebook CEO Mark Zuckerberg, have made another investment as venture capitalists in their post-Facebook lives.




Cameron and Tyler Winklevoss, also known as the "Winklevii," led a $750,000 investment round for Hukkster, an online shopping startup that lets shoppers track online merchandise and receive notifications when prices drop, The New York Times reported today.




New York-based Hukkster was founded by two former retail consultants, Katie Finnegan and Erica Bell, and has more than 10,000 users. Retailers such as J. Crew, Bloomingdale's, and ShopBop pay a referral fee to Hukkster for every sale the site brings to their virtual door.




The $750,000 investment comes on top of $250,000 in seed capital from a group that included Jerome S. Griffith, the chief executive of Tumi, and Chris Fiore, a former executive at American Eagle Outfitters.




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