Fabrik provides users with online services, software, and devices to help them better manage, store, share, and protect their digital content. The company’s core products are software and web services to offer data backup and content management, along with external hard drives.
This week, ComVentures has gotten into trouble by trying to roll up several companies in its portfolio into one that is performing relatively well. If you missed this little soap opera, you can catch up here, here, and here. Well, the truth is, we have seen a tremendous overfunding in the last year in the
Techcrunch has come out with a story accusing Comventures about unethical practices in pulling the plug on Filmloop, and forcing them to be folded into Frabrik, one of their better performing portfolio companies. Unfortunately, the villain of this story is a guy called Keyur Patel.