Shopify offers tiered monthly plans. [71] As of June 2012, the vendor's account is no longer active on Etsy. It is done using both, our quantitative analysis of the company fundamentals as well as its intrinsic market price estimation to project the real value. Article Name. Etsy ist eine E-Commerce-Webseite für den Kauf und Verkauf von handgemachten Produkten, Vintage und Künstlerbedarf. Etsy has received criticism for its handling of customer data and privacy. But not all sellers agree. Sean Meenan, Passion Before Profit, Etsy.com, Tech companies in the New York City metropolitan region, "Etsy, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results", "Alibaba video, Etsy IPO All You Need To Know", "Etsy paid $32.5 million for AI startup Blackbird Technologies", "Etsy – Your place to buy and sell all things handmade, vintage, and supplies", "Better Ways to Browse: A New Look at the Marketplace", "Etsy users irked after buyers, purchases exposed to the world", "Privacy Policy – Our House Rules – Etsy", "Turn your skills or your stuff into extra cash", "An Etsy bitsy fashion secret: Spring trends, affordable and online", "Clive Thompson on the Revolution in Micromanufacturing", "Swap Meet 2.0: Selling Handmade Goods Online", "Online crafts marketplace is vast but not impersonal", "Heavens to Etsy: Online artisan marketplace makes shopping local a cinch", "No Sleep Till Christmas: Etsy Sellers' Haggard Holidays", "Touring Etsy.com's Brooklyn Headquarters", "Etsy To Fund "Hacker School" Grants For Women", "Etsy Shows Leadership on Diversity in Tech", "Etsy Crafts A Strategy For Staying Handmade And Profitable", "We love Etsy, and so does West Elm — the store will host Etsy sellers June 4", https://oxfordetsy.com/pages/didcot-store-1, "Web 2.0 Awards (2006) – Interview with Robert Kalin of Etsy", "Etsy means whatsy? Scores indicate decile rank relative to index or region. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 8; Compensation: 8. [94] Etsy also has a number of direct competitors. They drove $1.93B in sales last year – VentureBeat – Business – by Harrison Weber", "Crafts website company Etsy valued at $4 billion in market debut", "Etsy's IPO is a Milestone for New York's Startup Scene", "Etsy stock tanks 8% on fears of counterfeit goods", "Etsy Hid Counterfeiting Problems From Investors, Suit Says – Law360", "Etsy buys Blackbird Technologies to bring AI to its search", "Etsy Replaces Its CEO After Swinging to a Loss", "Etsy acquires musical instruments site Reverb for $275 million", "Etsy Rallies Its Artisanal Troops: 'Start Making Face Masks, "Etsy Sales Lifted by Demand for Face Masks", "Etsy and Shopify Buoyed as Covid-19 Boosts Online Sales", "Meet the man behind New York's other billion dollar internet company. What Silverman is hinting at is an alternative to industry giants like Amazon. [64], In December 2010, Etsy said it had seven million registered users, and that it would continue to focus on a personal community feel as it grows larger, as that is part of what distinguishes it from eBay. [48] In January 2008, Etsy received an additional $27 million in funding from Union Square Ventures, Hubert Burda Media, and Jim Breyer. [83], Shortly after the IPO in 2015, a group of investors filed a class action lawsuit against Etsy claiming fraud. [66], In July 2011, Chad Dickerson, CTO since September 2008, became CEO, upon the firing of Rob Kalin. There are 15792 industry for sale on Etsy, and they cost $21.49 on average. Etsy is an e-commerce marketplace and community for unique and one-of-a-kind goods. Dickerson also provided a summation of Etsy that is a further reflection of the company's relationship- and meaning-based ethos: "At the end of every transaction, you get something real from a real person. [3] In 2018, Etsy had total sales, or Gross Merchandise Sales (GMS), of US$3.93 billion on the platform. [57] In September 2008, Etsy hired Chad Dickerson, who formerly worked at Yahoo!, as Chief Technology Officer. [37], The site was launched in 2005[38] by iospace, a small company composed of Robert Kalin, Chris Maguire, and Haim Schoppik. Etsy's stock has been very good to investors, gaining almost 200% just in 2020. But with third-quarter earnings providing a clearer picture, is Etsy stock a buy? Etsy is an online marketplace that works as an intermediary between customers and artists, crafters of handmade items or collectors of vintage products. [25] Individual Etsy sellers decide which payment options to offer buyers; these options may include credit card, cheque, money order, PayPal, bank transfer, and Etsy gift card. The prices of products are set by the shop owner, but Etsy claims 5% of the final sale price of each listing. The most common industry material is metal. Dickerson says — comes from its respective seller. Etsy makes its income by charging around $0.20 as a listing fee for every item as well as a 3.5% commission on every sale. In order to purchase items, buyers do not have to have an account with Etsy, and can instead register with a Facebook or Google account. [106], In September 2015, Etsy made further changes to its manufacturing policy with the launch of Etsy Manufacturing, a marketplace allowing sellers to connect with outside manufacturers to fabricate their products. Für das Jahr 2019 hat Etsy einen Gewinn in Höhe von … [58] The company acknowledged concerns about vendors selling other people's work as their own. [52] Other reviewers enjoyed using Etsy's specialized search options,[53][54] including the "Shop Local" tool. Most products sold fall into the category of arts, crafts, jewelry, paper goods, housewares, and artisan candies or baked goods. Dudes Are", "Crafty commerce site Etsy gets $27 million in funding", "Sellers Growing Increasingly Unhappy With Lack Of Professionalism At Etsy", "Etsy's Handmade Goods Inspire the Shopper in All of Us", "Etsy brings handmade crafts closer to home", "For Craft Sales, the Recession Is a Help", "Online Bazaar Builds on Its Base With Sense of Community", "Etsy Closes Azreal's Accomplice. Etsy is a global online marketplace, where people come together to make, sell, buy and collect unique items. As of March 2016, Etsy's top three competitors according to Hoovers Online are Amazon Handmade, Craigslist, and eBay. And in Latin and French, it means 'what if'. Etsy is an online marketplace where independent artists and crafters can sell their goods. Beyond the mask boom, sales grew 93% by its Q2 earnings driven by sales in homewares and … A one-of-a-kind community. [59], In April 2009, users organized an "etsyday" promotion on Twitter that brought extra attention to the site. [23], Most sellers are women,[24] who tend to be college-educated and in their twenties and thirties. Etsy has built on the concept of a flea market to build a peer-to-peer e-commerce website which is worth $196 million dollars since its launch in 2005, with over 54 million registered members. Further, the policy changes allow Etsy businesses to hire as many employees as they deem necessary (including workers in different locations) and allow sellers to ship orders via third-party couriers rather than the post office. Diese Statistik zeigt die Anzahl der aktiven Käufer auf Etsy in den Jahren 2012 bis 2019. Etsy became the go-to business to find home-made and locally sourced masks. [29] The site's technology, customer support, marketing, PR, business, and communications teams operate out of this office. [6], In November 2016, Etsy disclosed that it paid US$32.5 million to purchase Blackbird Technologies, a startup that developed AI software used for shopping context/search applications. [55], In July 2008, Rob Kalin ceded the position of CEO to Maria Thomas. At the time the acquisition was the company's largest. Etsy, Inc. was founded in 2005 and is headquartered in Brooklyn, New York. These items fall under a wide range of categories, including jewelry, bags, clothing, home décor and furniture, toys, art, as well as craft supplies and tools. If you make any sales through Etsy Payments, your fees will automatically be deducted. The most basic level charges a monthly fee of $29 for sellers and a 2.9% transaction fee. [62], In March 2010, Kalin said that the company is profitable and "plans to go public, though not until at least next year". Etsy Labs has a workspace that provides equipment and donated materials, where members gather to make items, take and teach workshops, and attend special events. Etsy reported 21.3 percent growth in merchandise sales year over year for 2015 and 35.4 percent revenue growth. [78][79] As of 2015, Etsy generated transactions worth US$1.93 billion on its platform, which has 54 million members. [8] Sellers can choose which payment options to offer buyers, including credit cards, debit cards, and PayPal, among others. Etsy, Inc. operates online market places for buyers and sellers primarily in the United States, the United Kingdom, Canada, Australia, France, and Germany. [20] Sellers can add 13 tags to their products to help buyers find them,[21] and buyers can choose to search for items available locally. [33], Etsy was one of the main members of the Handmade Consortium, a 2007 effort to encourage buying handmade holiday gifts. All rights reserved. I was watching Fellini's 8 ½ and writing down what I was hearing. It means 'oh, yes' (actually it's "eh, si"). [87], In July 2019, Etsy acquired the music based marketplace Reverb for $275 million. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk. The suit claimed that Etsy's CEO and officers failed to disclose numerous problems with the site which could affect the stock price, among them that "more than 5 percent of all merchandise for sale on Etsy’s website may be either counterfeit or constitute trademark or copyright infringement" and that "brands are increasingly pursuing sellers on Etsy for trademark or copyright infringement, jeopardizing listing fees and commissions". Etsy is an online buyer and seller community similar to eBay, except it focuses on hand-crafted or vintage goods. But … The store features over 50 local makers & small businesses and an eco refill station, selling packaging free groceries including dry foods, toiletries, and cleaning products. 117 Adams StreetBrooklyn, NY 11201United States718 880 3660http://www.etsy.com, Sector(s): Consumer CyclicalIndustry: Internet RetailFull Time Employees: 1,374. [28], Etsy's main office is in Dumbo, Brooklyn, and it has hosted open crafting classes in the "Etsy Labs". If your current balance is negative at the end of the month, you’ll have an amount due on the first on the next month. [40] Investors include Sean Meenan,[41] Albert Wenger,[42] Spencer and Judson Ain, Union Square Ventures, and founders of Flickr and Delicious.[43]. [14], Etsy is popular as a side-business,[15] as well as a place to buy goods made from recycled and upcycled materials,[16] along with less expensive or more unusual versions of mass-produced items. The buyer may then either continue shopping, or purchase the selected item. This one makes money", "Rooting Around Grandma's Basement in Cyberspace", "Bonanzle buys 1000 Markets, renames shopping site Bonanza", "The 5 Best Online Marketplaces for Selling Handmade Goods", "How an online startup has pulled in a growing number of buyers and sellers", "tINDIE: Like Etsy For Electronic Tinkerers", "Why Etsy's Future depends on redefining 'handmade, "Etsy Relaxes Policies, Allows Outside Manufacturing", "Etsys new policy means some items are "handmade in spirit, "Etsy Welcomes Manufacturers to Artisanal Fold", "Etsy tells sellers it's going to advertise their goods and take a big cut of the sale", "Etsy sellers are furious over new mandatory ad fees", https://en.wikipedia.org/w/index.php?title=Etsy&oldid=996371733, Publicly traded companies based in New York City, Pages with non-numeric formatnum arguments, Articles containing potentially dated statements from 2016, All articles containing potentially dated statements, Articles with unsourced statements from November 2020, Creative Commons Attribution-ShareAlike License, Robert Kalin, Chris Maguire, Haim Schoppik, and later Jared Tarbell, This page was last edited on 26 December 2020, at 05:00. In fact, Etsy sold about $133 million worth of artisan masks, with around 12 million of them in April alone. ETSY has an “A” for Industry Rank in our proprietary rating system. "[102], In 2011, in an effort to add social networking features to Etsy, the company implemented features that allowed users to search other users' buying histories and to trace their purchasing transactions. [2], As of December 31, 2018, Etsy had over 60 million items in its marketplace,[3] and the online marketplace for handmade and vintage goods connected 2.1 million sellers with 39.4 million buyers. [77], On March 3, 2015, Etsy announced that it had filed for a $100 million IPO. Description. The stock closed at $30 on its first day of trading on April 16 and dropped down to $20.32 as of May 11. In that meeting and afterward, Etsy claimed the meaning of the word "handmade" should be redefined to encompass factory made. [84], In September 2016, Etsy announced the acquisition of artificial intelligence startup Blackbird Technologies[85] Etsy Inc. after experiencing a first-quarter loss in May 2017, replaced its chief executive and cut 8% of its workforce. [108][109], Media related to Etsy at Wikimedia Commons, E-commerce website focused on handmade or vintage items, Forbes 2013-08-07 by Adriana Lopez. By doing so, Etsy made any past purchase with feedback easily searchable, which caused many complaints. Kalin said that he named the site Etsy because he "wanted a nonsense word because I wanted to build the brand from scratch. Hello, Etsy Sellers! Board member Josh Silverman was appointed CEO over Chad Dickerson. Some groups are open for almost anyone to join, while others have strict guidelines, and may require an application to join. Product photos on Etsy, and Australia earnings, which caused many complaints ; Board: 8 ; Compensation 8. 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