Teespring raises $20 million led by Andreessen Horowitz
Teespring is an online T-shirt company that has raised $20 million in funding led by Andreessen Horowitz. Based in Providence, Rhode Island, Teespring has made it easy to create and sell custom T-shirts.
“Our goal was simple: If we could remove every risk, cost, pain point and compromise from selling online we could simplify e-commerce down to what truly matters — having a great idea and people who are willing to support it,” stated Teespring in a blog post. “We envision a world where selling is a meritocracy, where the best ideas rise to the top. Where the only thing between you and launching your own brand is finding your audience.”
Teespring allows users to set up a crowdfunding campaign, but users can be rewarded with the pre-orders of a finished product. You can design the T-shirt, choose the price, and create a sales goal. Teespring handles manufacturing, delivery, and customer service.
Teespring was launched by Walker Williams and Evan Stites-Clayton at Brown University. Teespring participated in the Y Combinator startup accelerator program. There are more campaigns that are launched per day than it had per month a year ago. Their top sellers are generating around seven figure salaries.