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CafePress Does Not Raise More Money (0)

Published on November 25th, 2008. By

, under T-Shirt News .

What kind of title for a blog post is that?  Well, let me explain.  TechCrunch

, the premier internet/tech news blog, mistakenly reported that CafePress raised their third round of funding from Sequoia Capital to the tune of $8 million.  CafePress quickly responded saying that the news article was incorrect.  TechCrunch did the noble thing and blamed it on their source – PEHub .

The funny thing about all of this is that TechCrunch speculated and elaborated on all the reasons why CafePress secured another round of funding in the original article. They went on to say there was international expansion and a need for cash reserves to weather the recession storm.  They even went a step further and questioned CafePress’ claims of profitability.

Let me sum it up for you….Egg on Face. :-)

CafePress Does Not Raise Money

CafePress Does Not Raise Money

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