After Exiting From Crashpadder, Founder Hopes Pact Will Be The ‘Zappos Of Coffee’
You can’t really keep a good entrepreneur from continuing to launch companies. That appears to be the case once again with Stephen Rapoport. Rapoport previously built and sold the apartment-sharing site Crashpadder to Airbnb, but has since got itchy feet once again after exiting a few months ago. And what started out as a hobby business to keep him interested before the next big thing has turned into a much bigger project.
YourGrind launched in October last year, with the objective of making specialty coffee accessible to the mass market. But today it relaunches as Pact after closing a £500,000 ($768,600) first round of seed funding with Connect Ventures, Rowan Gormley (Naked Wine, Virgin Wine) and Ian West (Naked Wine, BSkyB).
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