Browsing Tag

profitability play

The Teespring Turnaround, E-Commerce Platform Announces Profitability

Teespring, the ‘create & sell’ commerce platform, announces its profitability following a dramatic turnaround after years of turbulence, which had the business burning millions of dollars and facing near death in 2016. Teespring graduated from Y Combinator in 2013, and was backed by some of Silicon Valley’s top VC’s including Khosla Ventures & a16z. Despite the investment, the business struggled due to a heavy reliance on the digital ads eco-system. Under the new leadership of British CEO, Chris Lamontagne, the…