5 ms·
Based on reading through all the comments, it sounds like Etsy should've never gone public. A lot of people saw this coming a mile away.
by pcurve 10y ago
Based on reading through all the comments, it sounds like Etsy should've never gone public. A lot of people saw this coming a mile away.
- throwaway61891 10y agoeh, etsy should've never gone public because etsy was trying to be a company that put "people above profits", which is extremely difficult to do as a public company. market backlash against that kind of sentiment is severe. see also: american airlines.
- exclusiv 10y agoI scraped all the Etsy stores about 4 years ago and ~80% of stores had never sold more than 20 items. Ever. In aggregate over several years for many stores. They started as "people above profits" but in reality it was all resellers because that's what did volume. They turned the other cheek and allowed them to take over. They eventually changed policies and alienated a lot of real artisans. That strategy boosted revenue of course but removed their core differentiator. It's hard to turn down revenue and growth, even moreso when investors are involved. But like most empires, you eventually fall from overextension.