Virgin Mobile and EMI veteran Tom Ryan, most recently kept on the entepreneurial dole by Bessemer Venture Partners, will join Chicago-based SkinnyCorp, the parent of online T-shirt company Threadless, as its CEO, founder Jake Nickell writes on the company blog. In response, users commented: "^5!" which, according to Google, means "high five!" in hipster. Silicon Alley Insider reports that Threadless earns annual revenues of $20 million off of just 20 employees. The site keeps costs so low by having the users design the products, typically fanciful T-shirts that look good when worn with Chuck Taylors and posted to Tumblr.

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