Venture capital firm Andreessen Horowitz is catching on to customization with a $20 million investment in Teespring, a Web site that turns customers with an itch to make products and money into designers of T-shirts, for now, and many more things in the months to come.
The investment is a large windfall for Providence, R.I.-based Teespring, which previously raised $1.9 million since its founding by Brown University classmates Walker Williams and Evan Stites-Clayton in 2011, and demonstrates Andreessen Horowitz’s confidence in the firm’s vision of empowering people to produce their own goods. Teespring users create T-shirts, set goals for the number of Ts that will be sold, are only charged if those goals are reached and garner profits from the sales of their Ts.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @victoriastevens; Interview by @ktauer; Styled by @thealexbadia)