CafePress acquires ImageKind
Today, CafePress announced its acquisition of ImageKind. ImageKind’s CEO, Kevin Saliba, also issued a blog post regarding the deal.
First, a matter of full disclosure. Our law firm is counsel to ImageKind and I and two of my colleagues handled the transaction. With that out of the way, this is a deal loaded with synergy. It is also a combination that industry observers could have predicted two years ago. CafePress is now a company to really watch. The National Venture Capital Association recently reported there were no venture-backed IPO’s in Q2 2008. If current conditions change, CafePress could be a good candidate for an IPO. Given that further industry consolidation is the current trend, I would not be surprised to see a bigger fish swimming around CafePress in the near future.