YBuy Gets $1M From Schmidt, Other Top VCs

TomorrowVentures, Google Chairman Eric Schmidt VC fund, is leading a $1 million Series A investment round in YBuy -- a Southern California company, has built a monthly subscription service around the “try-before-you-buy” model for gadgets, appliances and other products. The money is expected to help YBuy scale up to handle a waiting list of 50,000 people, who, as GigaOm reports, have signed up for the service. Additional investors include David Hanna, Chairman and CEO of CompuCredit Corporation, and Jim Patterson, Chief Product Officer at Yammer.

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