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.