Fiverr

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Fiverr
Fiverr Logo.png
Web address fiverr.com
Slogan Browse. Buy. Done.
Commercial? Yes
Type of site
Online Marketplace
Registration Required
Available in English, Spanish, French, Dutch, Portuguese
Owner Shai Wininger, Micha Kaufman
Launched February 2010
Alexa rank
negative increase 340 (February 2015)[1]
Current status Active

Fiverr is a global online marketplace offering tasks and services, beginning at a cost of $5 per job performed, from which it gets its name. The site is primarily used by freelancers who use Fiverr to offer services to customers worldwide.[2] Currently, Fiverr lists more than three million services on the site that range between $5 and $500.[3]

History[edit]

Fiverr was founded by Shai Wininger and Micha Kaufman in 2009. Wininger came up with the concept of a marketplace that would provide a two sided platform for people to buy and sell a variety of digital services typically offered by freelance contractors. Services offered on the site include writing, translation, graphic design, video editing and programming.[4][5][6] Fiverr’s services start at $5, which is what the company’s name is based on and can go up to thousands of dollars with Gig Extras. Each service offered is called a “Gig”.[7]

The website was launched in early 2010 and by 2012 was hosting over 1.3 million Gigs.[8] The website transaction volume has grown 600% since 2011. Additionally, Fiverr.com has been ranked among the top 100 most popular sites in the U.S. and top 150 in the world since the beginning of 2013.[3]

On May 3, 2012, Fiverr secured US$15 million in funding from Accel Partners and Bessemer Venture Partners, bringing the company's total funding to US$20 million.[2]

On December 2013, Fiverr released their iOS app in the Apple App Store.[9]

On March 2014, Fiverr released their Android app in the Google Play store.[10]

During August 2014, Fiverr announced that it has raised $30 million in a Series C round of funding from Bessemer Venture Partners, Accel and other investors. The round brings their total funding to date to $50 million.[2]

Function[edit]

Fiverr facilitates the buying and selling of "Gigs" or micro-jobs online. Gigs range from “get a well-designed business card”, “a career consultant will create an eye-catching resume design”, “help with HTML, JavaScript, CSS, and JQuery”, to “I will be your personal assistant or virtual assistant” and “I will have Harold the Puppet make a birthday video.”[11]

Seller Levels[edit]

In January 2012, Fiverr launched Levels, a reputation-based promotion system. After sellers complete at least 10 transactions, they unlock advanced tools to offer add-on services and increase the value of their Gigs. Now, close to 50% of the Gigs offered sell for more than $5.[12]

See also[edit]

References[edit]

  1. ^ "Fiverr.com Site Info". Alexa Internet. Retrieved 2015-02-22. 
  2. ^ a b c Leena Rao (3 May 2012). "Task-Based Marketplace Fiverr Raises $15M From Accel And Bessemer". TechCrunch. Retrieved 2012-05-04. 
  3. ^ a b Robin Wauters (3 May 2012). "Fiverr helps get things done for as little as $5, raises $15m from Accel and Bessemer". The Next Web. Retrieved 2012-05-04. 
  4. ^ CrunchBase Profile - Fiverr
  5. ^ Kaufman, Micha. "The Gig Economy: The Force That Could Save The American Worker?". WIRED. Condé Nast. Retrieved 17 September 2013. 
  6. ^ Eric Pfeiffer (3 April 2012). "How Fiverr.com is changing the creative economy $5 at a time". Yahoo News Blog. Retrieved 2012-03-04. 
  7. ^ Hoover, Lisa. "Fiverr Outsources Your Small Jobs for $5". Lifehacker. Gawker Media. Retrieved 8 March 2010. 
  8. ^ Mary Pilon (16 March 2010). "What Will People Do for $5? Fiverr Lets You Find Out". Wall Street Journal. Retrieved 2011-04-10. 
  9. ^ Bilton, Ricardo. "Fiverr launches its first iOS app to help mobilize the up-and-coming gig economy". Venture Beat. Retrieved 21 April 2014. 
  10. ^ Henry, Alan. "Fiverr Brings Its Low-Cost Side-Hustle Marketplace to Android". Lifehacker. Gawker Media. Retrieved 14 March 2014. 
  11. ^ Dachis, Adam. "Five Annoying Life Problems You Can Solved for $5 with Fiverr". Lifehacker. Gawker Media. Retrieved 9 September 2013. 
  12. ^ Press Release (3 May 2012). "Fiverr Inks $15M". Private Equity Hub. Retrieved 2012-05-04. 

External links[edit]