Found online, based in New York
What it is: A website that sells carefully-curated designer pieces and local goods at great prices.
Why it's innovative: Fab.com is an online retailer that emphasizes design and unique local goods at great prices. The website features "daily design inspirations" and killer sales that can save members up to 70 percent off retail. It raised $40 million in 2011, and sells art, furniture, home decor, paper goods, toys, gadgets, and more.