I’ve skipped the first 50 seconds, as it’s rather dull introductory lulz about how hot it is in their respective locations (80something made-up American weather numbers), but the rest is quite interesting:
If you don’t want to listen to these two slam Fiverr, then there’s a transcript on the website!
My favorite bit (edited):
Lewis: I’ve been a little curious why they’re going public, frankly. You look back at their funding rounds as a private company, they’ve raised a little over $100 million, but their last raise was in 2015…But it kind of seems like this [Fiverr IPO] is a liquidity event to me, Dan.
Kline: [laughs] It’s funny, I hadn’t put those dots together…Yeah, there’s a lot of people here probably who have their net worth tied up in this company. It’s a good thing to let them get some of that money out…But I don’t like that they’re not saying, “We’re going to invest heavily in the platform,” or, “We’re going to invest in building a better marketing platform so we can cut that cost in half, which would make us profitable.” That is a little bit of a red flag.
Quite a few interesting other details in there too, worth a listen (or a read). And Fiverr’s definitely not winning as many people as it would like for its Pro sellers. I’ve already pointed out to them billions of times they need monthly bloody retainers and all kinds of other useful things like that!