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Ashton Kutcher-Backed Startup Fashism Shuts Down

Fashism, a website and mobile app that lets users solicit community feedback on style, announced that it is officially closing down on Friday, making it the latest casualty in a tough year for social media-focused fashion startups.

The New York-based company was founded in 2009 and attracted a community of fashion-interested American teenagers looking for feedback on the outfits they were putting together for school. In late 2010, it raised $1 million in Series A funding from a number of high-profile investors, including actors Ashton Kutcher and Demi Moore, Project Runway judge Nina Garcia and Highline Venture Partners Read more...

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