It was great getting to share our vision, and the progress we’re making towards it, with Kelly Cloonan at The Wall Street Journal: https://t.co/3gBJhRPWOP
Faire
I am incredibly proud to have been an investor in @Faire since 2017.
I worked closely with founders @maxrhodesOK, @Kolovson, @Mescortes, and Daniele Perito for several years before they started Faire. They are absolutely stellar S-tier talent. What they and the Faire team have accomplished since is extraordinary.
This Wall Street Journal piece (linked below) captures the scale of that accomplishment: a $730M+ annualized revenue run rate, 45% year-over-year growth, and an expectation of reaching EBITDA breakeven in Q4.
Those are remarkable numbers for a company taking on an enormous and stubborn problem. Wholesale has changed remarkably little for more than a century. Independent retailers still spend huge amounts of time discovering products, managing inventory, and absorbing costs that large chains spread across thousands of stores.
Faire is changing that for hundreds of thousands of retailers and brands. The company is now on pace to facilitate more than $4.5B in merchandise purchases annually.
Every order adds to Faire’s understanding of which products sell in which stores. That information improves product recommendations, gives retailers more confidence in what they buy, and connects brands with customers they would struggle to find on their own.
I’m especially excited by how much opportunity remains.
International markets give Faire much more room to grow. Advertising, launched in 2024, already contributes about 9% of revenue. Fulfillment could reduce customer shipping costs by roughly 80%, directly improving retailer margins.
For Faire employees, I hope this article brings a deep sense of pride. You have built something truly special.
For candidates, Faire offers a rare opportunity: proven demand, enormous room to grow, hard technical and operational problems, and a founding team that I would back again without hesitation.
Very few teams get to build a company of this scale while improving the odds for independent retailers and brands around the world. Faire does both.
I feel incredibly fortunate to have been part of the story from the beginning. I have never been more excited about what this exceptional team will build next.
We are thrilled to announce the launch of avra — a 7-week program designed specifically for post-Series A CEOs looking to scale their companies effectively.
As most startup founders are first-time CEOs, the journey can be daunting, and resources are scarce. That’s why we created avra : to bridge that gap and provide structured, actionable insights from those who’ve been there.
Each week, you’ll dive deep into essential topics like hiring and managing leaders, how to accelerate shipping velocity, and refine strategic planning. Every session is taught by experienced CEOs and operators from the world’s best companies.
Since launching last year, we’ve run three cohorts, with 37 CEOs participating in the program.
Don’t just take our word for it—hear from the avra founders directly!
We are thrilled to announce the launch of avra — a 7-week program designed specifically for post-Series A CEOs looking to scale their companies effectively.
As most startup founders are first-time CEOs, the journey can be daunting, and resources are scarce. That’s why we created avra : to bridge that gap and provide structured, actionable insights from those who’ve been there.
Each week, you’ll dive deep into essential topics like hiring and managing leaders, how to accelerate shipping velocity, and refine strategic planning. Every session is taught by experienced CEOs and operators from the world’s best companies.
Since launching last year, we’ve run three cohorts, with 37 CEOs participating in the program.
Don’t just take our word for it—hear from the avra founders directly!
Thanks for having me, @CNBCTechCheck!
It’s an exciting day here at Faire as we announce the launch of our partnership with Shopify, which is going to have such an exciting impact on the lives of our small business communities around the world.
Though the FTC is taking aim at $AMZN for running an illegal monopoly, the company is facing more competition than ever - including from upstarts like $SHOP, which just announced an investment in @faire_wholesale, further entrenching Shopify as an Amazon alternative for sellers
Bob believed in me when I was first starting out in tech. I was just a 25-year-old kid who didn’t know anything, and it meant the world to me. He was a brilliant technical leader and an even better human. I’m heartbroken. I’ll miss you man.
Excited to share I have joined Altimeter as a Partner. I’ll be focused on building deep, trusting relationships with exceptional entrepreneurs & becoming their essential partner through all phases of their company building journey. Fired up for the road ahead with @altcap & team.
7 Powers - Hamilton Helmer details a theory of strategy rooted in the notion of Power, those conditions which create the potential for persistent differential returns. He explains what your business must achieve to create Power and explains why invention always comes first.
It's World Book Day! Something I love most about my job is the pace at which I get to learn. Books have helped me accelerate my learning, not only as sources of information, but also as opportunities to reflect on areas I'm trying to develop. Here are a few of my favorites:
Radical Candor - The book shares Kim Scott’s approach to effective management, radical candor. Radical candor is considered the sweet spot between managers who are overly aggressive and overly empathetic and is about providing guidance to produce better results.
Had a ton of fun with @HarryStebbings. A British accent is such an advantage for an interviewer. The whole thing felt very sophisticated. https://t.co/WlLxE5cu5f
Found will be one of the next breakout companies. Wonderful mission, great product, and one of the most talented teams out there led by one of the most talented founders I know. Investors aren’t bad either.
Excited to partner with Founders Fund, Sequoia & Lightspeed for our next chapter of growth—and to welcome @rabois to the @bankonfound board!
Now we can help even more self-employed people navigate the challenges of working independently. Come join us!
https://t.co/9FZ188pLvJ
New on In Depth:
@MaxRhodesOK walks us through the nuts and bolts of how @faire_wholesale has expanded internationally.
Tons of tactical insights into launching in new markets, from hiring and operations, to strategy, timing, and scaling culture.
🎧: https://t.co/UX9Ji5LYFn
Yesterday we officially launched @risewithco and announced years of hard work and $30M+ of funding from amazing investors. For my first tweet ever, I want to share my Founder’s letter and why withco matters. If it resonates, I hope you’ll share it. https://t.co/dVHnmKZxJB