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Maker Media, which has held the maker fair, announced on June 8 that it would stop its business and fire all its employees. Dale Dougherty, CEO of Dale Dougherty, explains that the maker fair has not been very attractive to investors lately and that the reduction of sponsors has developed into an economic problem.
It is important to get attention from investors, but in recent years, it was not a very interesting event for investors and sponsors. Ticket sales in Maker Faire Bay Area 2019, which opened in May, were strong, but we did not see any big sponsors like Microsoft.
Maker Media has avoided bankruptcy by showing possibility to distribute profits to investors by making Make (online archive), magazine magazine (MAKE: magazine), and continuing maker fair license program. There may have been something new in the negotiations over the past few weeks.
Doherty says the maker media has always fought to keep the business running. For example, the growing popularity of DIY culture suggests that the Internet has overflowed with free content that has undermined the opportunities of the maker’s media. It was not easy to balance between ideal and reality. For more information, please click here .
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