Fiverr CEO & Founder, Micha Kaufman: “If You’re Not Adapting to AI, F* You. You’re Done!”
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Micha Kaufman is the Founder and CEO of Fiverr, the leading online marketplace for freelance services. Fiverr has had an insane ride in the public markets, in 2019 the company went public with a $650M market cap, at their peak that hit over $8BN. Today, facing a wave of AI, the company has a market cap of $1.121BN on an estimated $430M EOY revenues. Prior to co-founding Fiverr, Micha successfully founded and led several startups over the last 30 years. ---------------------------------------------- In Today’s Episode We Discuss: 00:00 Intro 01:00 AI Is Coming for Your Job 03:03 Confronting the AI Threat to Fiverr 09:40 Do People Really Want to Work Anymore? 18:00 Why Your Startup Can Be Copied in 10 Days 23:08 How Do You Invest When There’s 20 Startups in Every Category? 28:53 Is an AI Bubble Burst Coming? 37:53 We’re Creating for AI, Not People 42:10 Do Public CEOs Need an AI Take Now? 49:48 Tech’s Wealth Gap: Are We Creating a Monopoly of Everything? 53:10 The HubSpot Problem: When Feature Overload Kills Execution 57:48 Which Department Took the AI Hit at Fiverr? 01:02:07 Leadership Adaptation in an AI World 01:06:18 Quick-Fire Round ----------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZTtgTNBKwtZBMHvl?si=85bc9196860e4466 Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-twenty-minute-vc-20vc-venture-capital-startup/id958230465 Follow Harry Stebbings on X: https://twitter.com/HarryStebbings Follow Micha Kaufman on X: https://twitter.com/michakaufman Follow 20VC on Instagram: https://www.instagram.com/20vchq Follow 20VC on TikTok: https://www.tiktok.com/@20vc_tok Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/contact ----------------------------------------------- #20vc #harrystebbings #michakaufman #ceo #fiverr #founder #ai #startup #onlyfans #freelance
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