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18.07.06
spreadshirt takes VC capital
so, we (=spreadshirt) took some capital from accel partners (london office). that's a big step for a bootstrapped company... the deal was closed last week and will be announced today or tomorrow officially. Accel invested a few millions and Harry Nelis from the London office will join our board.
Accel (or rather Accels agency) prepared a nice press release, but they ignored my briefing and suggested quotations. Probably it was not serious enough for them. don't know, but since I like the quotes, I'll publishe them here (like most of press quotes they are fake btw, michael and matthias never said something like this. I made it all up...
Founder & CEO Lukasz Gadowski: "We plan to spend the funds on things that are funny while increasing the valueation of the company at the same time - like our flagship offline store in berlin or throwing some more money at google." (laughs) "We also hope to prevent wasting money for getting overpaid senior management that will leave us after six months with no effect but hefty severence payments. Please wish us luck."
Founder & CTO Matthias Spiess adds: "I might buy a new server with the additional funds. But not sure yet, so far we rent servers at hosting companies instead of buying them. Maybe we'll stick to this strategy. As well as to that one, using open source software whereever we can."
Michael Petersen, Founder & CFO: "I'm happy to announce this round. To make it happen required some serious number crunching at our accounting department. I like to thank Mirko for his great work as well as Linda, my wife, for allowing me a few extra hours at the office'"
Posted by Lukasz at 18.07.06 12:30
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Comments
Congratulation - this is good news. May be you could spend some money to develop and increase the number of creative t-shirts arround the students here in the US? And not simply the boring University shirts! That could create value...
Posted by: Peter at 19.07.06 01:07
Sounds great! I wish you further much success and also a lot of fun at work. See you tomorrow on the flagship offline store party - wasting some money. ;-)
Posted by: CBS at 19.07.06 04:24
Congrats! I'm sure you'll be able to conquer the whole world! :)
Posted by: ThomasB at 19.07.06 05:08
Schade, das wäre doch ne geile PM geworden mit den Zitaten. Fast so gut wie unsere Polizeipressestelle in Bremen, die mal ne PM über einen betrunkenen russischen LKW-Fahrer in Plattdeutsch als Gedicht über presseportal.de rausgeschickt hat ;-)
Posted by: Christian Clawien at 19.07.06 11:17