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As remote work booms, Everphone grabs ~$40M for its ‘device as a service’ offer

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A rare public showdown between Congress and the CEOs of tech’s biggest companies is still on track after being postponed last week. The House Judiciary Committee hearing, originally set for Monday, will now take place Wednesday, July 29 at 12 PM Eastern Time. The date was changed in light of the death of the civil […]n”,”protected”:false,”author”:113760560,”featured_media”:1638132,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”fdf3fe79-0758-33b1-9d2e-5abd1c2caaa0″,”categories”:[15986864,17396],”tags”:[6602,216404,291,4308,81819,81],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2018/05/united-states-capitol-spatter.jpg”,”shortlink”:”https://tcrn.ch/3fcMyDL”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[“slug”:”facebook”,”cb_name”:”Facebook”,”cb_slug”:”facebook-organization”,”cb_link”:”https://crunchbase.com/organization/facebook”,”slug”:”google”,”cb_name”:”Google”,”cb_slug”:”google-organization”,”cb_link”:”https://crunchbase.com/organization/google”,”slug”:”amazon”,”cb_name”:”Amazon”,”cb_slug”:”amazon-organization”,”cb_link”:”https://crunchbase.com/organization/amazon”,”slug”:”apple”,”cb_name”:”Apple”,”cb_slug”:”apple-organization”,”cb_link”:”https://crunchbase.com/organization/apple”],”associatedEvent”:null,”event”:null,”authors”:[113760560],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2022771″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2022771″],”version-history”:[“count”:7,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2022771/revisions”],”predecessor-version”:[“id”:2022881,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2022771/revisions/2022881″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2022771&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1638132″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2022771″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2022771″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2022771″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2022771″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2022771″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2022771″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:113760560,”name”:”Taylor Hatmaker”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/taylor-hatmaker/”,”slug”:”taylor-hatmaker”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/tayhatmaker”,”linkedin”:”https://www.linkedin.com/in/taylorhatmaker”,”crunchbase”:”https://www.crunchbase.com/person/taylor-hatmaker”,”position”:”Writer”,”cbDescription”:”

Taylor covers politics, platform policy, and big tech at TechCrunch. Prior to rejoining TechCrunch, Taylor was Senior Technology Editor of the Daily Beast. Taylor first joined TechCrunch in 2016. Prior to joining TechCrunch, she was the Tech Editor of the Daily Dot and a reporter and deputy editor at ReadWriteWeb.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/cabdqmvycg5eabppjffy”,”twitter”:”tayhatmaker”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:113760560,”name”:”Taylor Hatmaker”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/taylor-hatmaker/”,”slug”:”taylor-hatmaker”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/747309cb9c48c7ea7566f1e57a1b9298?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/tayhatmaker”,”linkedin”:”https://www.linkedin.com/in/taylorhatmaker”,”crunchbase”:”https://www.crunchbase.com/person/taylor-hatmaker”,”position”:”Writer”,”cbDescription”:”

Taylor covers politics, platform policy, and big tech at TechCrunch. Prior to rejoining TechCrunch, Taylor was Senior Technology Editor of the Daily Beast. Taylor first joined TechCrunch in 2016. Prior to joining TechCrunch, she was the Tech Editor of the Daily Dot and a reporter and deputy editor at ReadWriteWeb.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/cabdqmvycg5eabppjffy”,”twitter”:”tayhatmaker”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/113760560″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:1638132,”date”:”2018-05-11T10:42:12″,”slug”:”united-states-capitol-spatter”,”type”:”attachment”,”link”:”https://techcrunch.com/2019/01/02/will-the-gaming-industry-clutch-up-in-2019/united-states-capitol-spatter/”,”title”:”rendered”:”united-states-capitol-spatter”,”author”:24893112,”license”:”source_key”:”other”,”source”:”TechCrunch”,”person”:”Bryce Durbin”,”authors”:[24893112],”caption”:”rendered”:”

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comeback story”,”content”:{“rendered”:”

Startup stories are often too reductive u2014 an entrepreneur dreams up an idea, snags some co-founders, raises a bit of money, and presto: success and riches.n

It’s nearly never true. Even breakout successes like Slack that may feel straightforward have complicated stories. Amongst the most valuable startups there are hidden crises and disappointing quarters. Some famous startups even had to execute a hard pivot after their original idea flopped. Slack was originally a gaming company, Twitter was a podcasting platformu00a0and YouTube wanted to be a dating service.n

But not all startups that struggle and eventually make it have to completely toss out their original idea. Some just need to shake up operations before seeing the sort of success they’d hoped for.n

Social e-commerce and fulfillment platform Teespringu00a0is one such company.n


n

The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.n


n

""From a 2017-era round of layoffs and restructuring, the company is on an impressive, profitable growth curve today.n

I was part of the reporting team that covered the company’s earlier struggles, which came after it raised more than $50 million in venture capital. So when Teespring wanted to discuss the numbers behind its recent growth, I was more than curious.n

This morning, let’s look at how one startup found its groove a few years after we’d figured it was a done deal.n

A comebackn

Rewinding the clock, Teespring’s 2017 was a difficult period. The company had sharply cut staff as sales declined, cost reductions that helped push the startup from regular deficits into profitability.n

At the time, reporting indicated that Teespring’s revenue fell off after it lost some power sellers and investments in goods other than T-shirts failed to materially improve its financial results. After the layoffs, Teespring raised $5 million at a diminished valuation to get back on its feet.



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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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