Maker Media, the company behind Make: magazine and Maker Faire, the do-it-yourself science and art family events, is closing down after 15 years.
The San Francisco-based organization laid off its 22 employees last week after letting several employees go earlier this year in a last-ditch effort to cut costs.
"Our mission is wonderful, we just weren't making a lot of money," said founder and CEO Dale Dougherty.
The bimonthly Make: magazine published its first issue in 2005 and featured DIY projects as well as coverage of the broader "maker" community. The first Maker Faire took place in 2006 in San Mateo, and over the last 13 years, the fairs have gone global with more than 200 licensed Maker Faires in more than 40 countries happening each year.
Described on its website as "part science fair, part county fair, and part something entirely new," the fairs brought together thousands of tinkers and techies to show off what they had made. Dougherty said the most recent Bay Area Maker Faire last month in San Mateo met its ticket sales target, but attracting sponsors has become a problem.