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It is fairly lucrative business, $2b last year from serving the lower end of creative tools market. They are also about to ipo so this acquisition probably giv
by enra 3y ago
It is fairly lucrative business, $2b last year from serving the lower end of creative tools market.
They are also about to ipo so this acquisition probably gives the an additinal growth story to sell.
- Scrounger 3y ago> It is fairly lucrative business, $2b last year from serving the lower end of creative tools market. Started by some 30 yo Australian chick with no tech background too: https://www.youtube.com/watch?v=Ep21f3ncvBk https://www.youtube.com/watch?v=Ep21f3ncvBk
- goralph 3y agoYour point?
- TheAmazingRace 3y agoThis is a rather backhanded take. From what I understand of Melanie, she is one of the few folks I've read about that had a rather unique rags to riches story, and is quite driven. I don't begrudge her level of success. To that end, despite her interesting story around her role in the business, Canva itself really appeals to the lowest common denominator, which probably explains why they have such gangbuster financials. It really isn't great for true creatives though, and I feel Canva is dragging the industry down, not pulling it up, in the name of profits.