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Fiverr Secures $15 Million in Second Round Funding....

Discussion in 'BlackHat Lounge' started by LuckySeven7, May 3, 2012.

  1. LuckySeven7

    LuckySeven7 Registered Member

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  2. NVBpro

    NVBpro Registered Member

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    i thought that i shared i saw it already on techcrunch :D
     
  3. Oz0102

    Oz0102 Jr. VIP Jr. VIP

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  4. hateandbreak

    hateandbreak Supreme Member

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    Indeed, very interesting :D
     
  5. lancis

    lancis Elite Member

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    They get about 1,500,000 visitors a day, assuming 1% of them pays a dollar - thats $5,500,000/year.
    $15B is a bit overpriced for 2nd round investment, will take ages for the investors to return their money (unless Fiverr plans some major update we're not aware of).
     
  6. silentthunder

    silentthunder Jr. VIP Jr. VIP Premium Member

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    You meant to say $15M not $15B. Right?? If they're earning $5.5M a year they're worth the $15M.
     
  7. lancis

    lancis Elite Member

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    $15M indeed, my bad. They probably worth more than $15M, but I was trying to understand the investors. If you invest 15M, you expect to get back more in relatively short term. Its a 2nd investment, so doubtfully the investors got more than 30% of the company, which reduces their returns even more.
     
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  8. GiftGuru

    GiftGuru Supreme Member

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    Good for them...it's a good valuation
     
  9. NVBpro

    NVBpro Registered Member

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    lancis, venture firms don't look for short term profit, they have a long shot almost always.
    We as marketers many times want to make quick ROI, but for them is not a problem, because they get money in 2012 from the investments they made in 2005.
    The same thing with fiverr, they are hoping to get a better roi in 2-3 years not in 1 year.

    I can't do anything else, just to salute fiverr's ceo, and because he convinced those firms to invest in his company.
    And this should be an example for all of us. Like how to start a small site and to make it a multi-million $ company in 2 years.
    Or better a billion dollar acquisition like Instagram.
     
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  10. GiftGuru

    GiftGuru Supreme Member

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    What's even more impressive is they actually MAKE money unlike a lot of other tech companies.

    That seems to be the new model for online startups though..... does it make money? No? Who cares, we'll sell it for a billion dollars to facebook next year.
     
  11. IamNRE

    IamNRE Jr. VIP Jr. VIP Premium Member

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    Great article.

    I wonder why they needed $15mil ??

    thats a lot of money .... especially for online activities. Sheet, they could just spend $5K per month on SEO from people on BHW and they would easily triple their traffic in a year.

    Would it not have been smarter to grow the site naturally and expand from earnings and keep the %.
     
  12. xollls

    xollls Junior Member

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    It doesn't really matter to investors (general start-ups) if it make money at the moment as long they see "growth" thats all that matters sometimes. You can always figure out the monetary thing later down the road.
     
  13. dennisyu

    dennisyu Power Member

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    i really can't see what they need $15mill for.
     
  14. Roundhouse

    Roundhouse Regular Member

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    They should of gone on shark tank
     
  15. AlfalfaReborn

    AlfalfaReborn Newbie

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    If you are tired of fiverr, try skinme5.com. Give it a look and a shot. Some new features coming out soon.
     
  16. LakeForest

    LakeForest Supreme Member

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    A fiverr clone using a url with a number in it that was probably a poorly researched EMD. Looks legit.
     
  17. twilightofidols

    twilightofidols Power Member

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    I see you are new to this forum you are liable to get flamed for self promoting like this.
     
  18. 75INZ

    75INZ Regular Member

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    Does anyone know how Fiverr started up exactly? How much it cost them to create it and what not? Was it funded by like a big business or was it a sort of one man thing that just took off?
     
  19. shhhitsokay

    shhhitsokay Regular Member

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    There's other clones I've seen, one that actually directed me to fiverr thinking fiverr was the clone at first. I think the site owner posted on this forum before, and his fiverr clone is specifically for seo/marketing gigs which is a good niche. Congrats to Fiverr, never used their services but from what it looks like, finding the right people offering the services will definitely be worhtwhile.