Former J.C. Penney CEO Raises $50M for his E-Commerce Startup
Ron Johnson, who was a star as Apple's retail chief but fizzled at J.C. Penney, is finding some deep-pocketed believers for his latest act. Enjoy, Johnson's e-commerce startup that launched in May, just raised $50 million in funding, its second round in just 10 months. He has now raised a total of $80 million. Enjoy sells high-end electronics with delivery and in-home set-up to differentiate itself from competitors. So if you have $1,500 to spend on a Boosted electric skateboard, for example, an expert will bring it to your house and give you a lesson on how to use it.