52.8K
CH…it’s very sad, but its also expected. Let me explain.
Of course I’m sad to see CreativeLive get shut down, but it was shortly after the acquisition in 2021 that Fiverr (FVRR: NYSE) chose not to put the resources behind the platform that was originally planned / required to make it thrive… This is in part why I left the company in 2022.
Their decision could be seen as undertandable given the headwinds that their stock / the stock market for nearly all 2 sided labor marketplaces. When we agreed to be acquired by them, the plans were quite grand and yet it’s not all that unexpected. In fact, it’s quite common more acquisitions to take this shape
It’s worth mentioning that. I did reach out to Fiverr last year and offered to purchase the company back but my outreach was ignored by the CEO and the CFO. Seems that they had extracted all the value they wanted (Engagement for a number of years and large customer lists, etc., etc.) and decided to shutter the entire catalog… Definitely sad given how much great content is in that catalog - and yet we move on :-)
Thanks to those of you who participated in the journey… for the 15 year plus long run and all of the transformation we created together as a community :-)
❤️ chase
@chasejarvis
