Micha Kaufman is the Co-Founder and CEO of Fiverr, the global online marketplace for freelancers. Let’s say you’re a designer. You can list your services and display your portfolio. And then companies who want stuff designed like a new website can find you and hire you to do the work.
It's called Fiverr because at the beginning all the tasks cost 5 dollars. Though the pricing has changed, the name has stayed and the platform is currently used by 4.2 million customers in 160 countries worldwide. The company launched in 2010 but Micha was committed to growing it organically so spent nothing on marketing for the first five or six years.
And that is even more incredible when you think that Fiverr, which went public in 2019, has a current market cap of just under 1.4 billion dollars and revenue of over 160 million dollars this year so far. Micha says it’s three times larger than it was when it floated. But during the pandemic, they skyrocketed to a market cap of 11 billion dollars….yeah, we get into that period!
As well as that, Micha tells me how being featured on Yahoo nearly ended Fiverr when it first launched; why he says their success is down to luck, and much more.
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