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perhaps somebody could summarise what was interesting about thier idea.

I think he just did, but I can do it further.

Nothing new, investors threw money at a bad idea, business failed.

So, how about lunch?

Is it normal to get $65mm in VC money for an online clothes store? Should I be trying to found a company like this?

Also, does one get to keep some of those $65mm (without risking jail, that is)?

If you can grow a profitable company with no debt (prior to VC), with a [reported] revenue close to $100 million (in 2012), sure why not.