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Spreadshirt Raises Money in this Economy? (0)

Published on February 23rd, 2009. By

, under T-Shirt News .

This isn’t normally the cup of tea that I write about but I couldn’t pass up the info. Spreadshirt

, as I’m sure that you already know, is a custom t-shirt shop provider that competes with Zazzle and Cafepress but is originally based out of Germany. According to a TechCrunch report , they just closed a funding round of €10 million. That’s very impressive in this down economy. What isn’t impressive however, is the fact that they just had layoffs because their growth was only 40% instead of the expected 50-80%. When is 40% growth not good enough???

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