Sean Emory: Fiverr $FVRR Deep Dive

Value Hive Podcast

This weeks guest is Sean Emory from Avory & Co. This week we dove deep into the weeds on Fiverr. We compared it to Upwork, we talked about how to valuate it, the unit economics of the business, and whether Fiverr has a moat. Plus, Sean shared with us his investing journey. Why he invest in structural growth and transformation and he shared a couple of his transformation bets that are in his portfolio.

• [0:00] Investing in Structural Growth and Transformation
• [8:20] Data tells our Stories
• [11:40] Sean’s Investing Journey
• [15:30] What is Fiverr?
• [20:20] Fiverr’s Unit Economics?
• [26:00] Does Fiverr have a Moat?
• [34:00] Fiverr’s Valuation
• [45:00] Why invest in Upwork?
• [51:00] Differences between Upwork and Fiverr?
• [59:40] Transformation Bets
• [1:05:00] More from and Closing Questions

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This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers.

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