Investment Thesis: Covid-19 has created massive tailwinds for the freelance economy and Fiverr (FVRR) is in a position to be a major beneficiary. Fiverr's stock price has soared 700% YTD but only sits on a $6bln market cap compared to its $100bln TAM. Fiverr differentiates itself in a highly competitive and fragmented market by countering the traditional job search process and putting freelancers in charge. If Fiverr can leverage this and successfully penetrate the small-medium businesses (SMBs) market, I see Fiverr capturing a significant portion of the freelance industry over the next decade.
Fiverr: Growth in the Gig Economy
Fiverr: Growth in the Gig Economy
Fiverr: Growth in the Gig Economy
Investment Thesis: Covid-19 has created massive tailwinds for the freelance economy and Fiverr (FVRR) is in a position to be a major beneficiary. Fiverr's stock price has soared 700% YTD but only sits on a $6bln market cap compared to its $100bln TAM. Fiverr differentiates itself in a highly competitive and fragmented market by countering the traditional job search process and putting freelancers in charge. If Fiverr can leverage this and successfully penetrate the small-medium businesses (SMBs) market, I see Fiverr capturing a significant portion of the freelance industry over the next decade.