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Rich Lister Envato founder to step down amid record profit share

Michael Bailey
Michael BaileyArts & Culture editor
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The co-founder of Envato, a Melbourne-based seller of digital assets worth more than $1 billion on some measures, will step down as chief executive at the end of 2020 after announcing a record profit share for its 600 employees.

Collis Ta'eed started Envato 14 years ago with wife Cyan in a Bondi garage, initially selling only products related to Adobe Flash.

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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
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    Original URL: https://www.afr.com/technology/rich-lister-envato-founder-to-step-down-amid-record-profit-share-20200826-p55pdl