Etsy

Etsy

Global online marketplace for handmade goods

About Etsy

Simplify's Rating
Why Etsy is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consumer Software

Consumer Goods

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

2005

Overview

Company Historically Provides H1B Sponsorship

Etsy is an online marketplace that connects buyers with sellers of handmade, vintage, and unique goods. The platform is designed for individual artisans, crafters, and small business owners who sell a variety of products, including jewelry, clothing, home decor, and personalized gifts. Etsy allows consumers to find one-of-a-kind items that are often not available in regular retail stores. The company generates revenue through transaction fees, listing fees, and optional advertising services that sellers can use to promote their products. Additionally, Etsy offers subscription packages that provide sellers with advanced tools and analytics to help them grow their businesses.

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Simplify's Take

What believers are saying

  • Etsy's investment in DishDivvy could diversify its offerings into the home-cooked meal market.
  • Klarna's Buy Now, Pay Later option may boost sales by increasing purchase accessibility.
  • The rise in women entrepreneurs offers Etsy a chance to expand its seller base.

What critics are saying

  • Emerging marketplaces like DishDivvy could increase competition for sellers and buyers.
  • Klarna's payment option might lead to consumer debt and potential backlash.
  • A saturated market from rising entrepreneurs could make it hard for sellers to stand out.

What makes Etsy unique

  • Etsy focuses on handmade, vintage, and unique items, unlike traditional e-commerce sites.
  • The platform supports small businesses and individual artisans globally, fostering a unique community.
  • Etsy's business model includes transaction fees, listing fees, and optional advertising services.

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Funding

Total Funding

$358.6M

Above

Industry Average

Funded Over

7 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

100% paid medical, dental, and vision coverage for employees and their eligible dependents

Life, AD&D, & supplemental long-and short-term disability insurance

Matching 401(k)

Generous PTO policy

Paid sabbatical program

Charitable contribution match

Volunteer time off

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
Finsmes
Feb 24th, 2022
Dishdivvy Closes $1.3M Pre-Seed Funding

DishDivvy, a Los Angeles, CA-based marketplace that connects skilled home cooks to local customers, raised $1.3M in Pre-Seed funding. The round was led by 10X Venture with participation from DoorDash, Etsy, Eaze, and MasterClass. The company intends to use the funds to accelerate expansion in key markets by investing in product development, operations and team [] The post DishDivvy Closes $1.3M Pre-Seed Funding appeared first on FinSMEs.

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