Nov 26th 2013, 14:39, by Ben Popper
If you ask employees when they started to notice that something was wrong at Fab, they will usually mention the bike locks. The bright orange locks appeared suddenly, affixed to the office doors of senior executives. “This was a company that prided itself on openness,” says one former staffer. “You could go in and talk with the founders about anything. And then suddenly it felt like they didn’t even trust us not to steal off their desks.”
Over the last two and a half years, Fab, an e-commerce site centered around design, has been on a tear. It grew from nothing to a company with 14 million members and more than $115 million in annual revenue by 2012. It expanded sales to 26 countries worldwide and raised more than $325...
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