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Who is they? Etsy managed to grow by taking on VC money which comes with strings attached. It then went public, to satisfy the VCs, which also comes with strin
by marcinzm 7y ago
Who is they?
Etsy managed to grow by taking on VC money which comes with strings attached. It then went public, to satisfy the VCs, which also comes with strings attached. Moreover, if not for VC money then they probably wouldn't have taken over the market compared to a better funded competitor.
So, to me, the they here is the whole VC ecosystem.
- smolder 7y agoLeadership. I don't know if it was Etsy executives, hired strategists, or shareholders that prioritized growth of their marketplace over its quality, but it was, in retrospect, not a good way to handle the brand. The other possible ways they could have grown their company are innumerable even if they aren't obvious. You may be right it's the VCs that are to blame.