Here’s a quick roundup of last week’s news - not a happy one for the folks at Thrasio who have helped create this industry but a number of whom will see their final day at Thrasio on May 13.
Thrasio’s leadership acknowledges the need for change in their internal update on organizational changes (as published by Business Insider
): “Our transformation process has already led to several important adjustments to our business focus: refining our M&A machine to ensure our platform can optimally integrate our acquisitions, streamlining products, and focusing our operations in corporate development, product, and marketing.”
I believe all players in this still nascent space will go through a transformational process to learn in what categories to play in, how to operate and where their operational strengths lie plus what parts of the stack they want to own vs partner in. It’s an unfortunate, yet natural part for the industry to mature. As Thrasio lays off talented folks who helped fuel it’s growth, hundreds of open positions at other aggregators exist who are ready to further scale up.