Asset Manager Investing in Global Technology Sector

We're an asset manager allocating 100% of our capital into public companies and cryptocurrency assets driving disruptive innovation globally. We serve as a family office of an Asia-based HNW family whose key members have made their fortune in the technology industry and are believers in technology as the key enabler of disruptive innovation. We seek to continue the family's legacy in creating and preserving wealth through technology investing.

Our small investment team is made up of diverse professionals who researches, identifies, and executes relevant opportunities. While we are not accepting outside clients and investors at the moment, we occasionally share some of our internal investment memos, market commentaries, and analysis here.

Friday, June 5, 2020

Q2.2020 - Fiverr: Highly Rare Opportunity

  • Amid the COVID-19 pandemic that has forced companies to withdraw their full-year outlook, Fiverr raised both its profitability and revenue guidance for the full year.
  • Growth remains accelerated at +40% while profitability continues improving.
  • As the COVID-19 outbreak has forced many online advertisers to scale back, the situation instead provides a less competitive environment in terms of cost and share of attention.
  • Given its core competence in online marketing, Fiverr will continue capitalizing on the opportunity.

Fiverr (FVRR) continues to show why it is one of the most attractive growth investment opportunities in the market today. The business has proven to be resilient during the COVID-19 situation as growth kept accelerating while efficiency improved.

Given its 44% growth in Q1, the performance exceeded our expectations. Since our most recent coverage on the company's promising move upmarket last November, shares price has appreciated by a staggering 170%. Moreover, the fact that the management has raised its full-year outlook during this time is also a demonstration of Fiverr's rare quality.

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