Maker Faire lays off all staff due to financial troubles.

The company had previously raised $10 million from investors

Maker Faire lays off all staff due to financial troubles. | BEAMSTART News

- From our Sponsors -

Maker Media, the company behind the MAKE: magazine and popular science & art festival: Maker Faire has laid off all their staff.

The news was first reported by TechCrunch, after receiving a tip on the company's internal situation. 

The news was then confirmed by the company CEO:

“Maker Media Inc ceased operations this week and let go of all of its employees — about 22 employees...

I started this 15 years ago and it’s always been a struggle as a business to make this work...

Print publishing is not a great business for anybody, but it works…barely. Events are hard . . . there was a drop off in corporate sponsorship.”, mentioned Maker Faire CEO and founder, Dale Dougherty.
One of Maker Faire's events in China.

The company had previously raised $10 million from VCs and garnered over 125,000 paid subscribers for their magazine, reaching over 1.45 million people through their events back in 2016.

High production costs in expensive cities and a surge of free DIY project content online had strained the company financially, leading to the layoffs.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).