Monday, August 29, 2016
How Fuhu Went From A Hot, Fast Growing Startup To Train Wreck
Remember Los Angeles-based kids tablet maker Fuhu? The company went from a hot startup--with over $200M in sales and 400 employees--to bankruptcy, in less than two years. The Los Angeles Times dissects the implosion of Fuhu, which once had hoped for an IPO, and was later sold to Mattel for a mere $21.5M out of bankruptcy. Fuhu was once the fastest growing startup in Los Angeles.