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They've taken $97.3M before: https://www.crunchbase.com/organization/etsy https://www.crunchbase.com/organization/etsy Presumably they had some profitable year
by timdorr 12y ago
They've taken $97.3M before: https://www.crunchbase.com/organization/etsy https://www.crunchbase.com/organization/etsy
Presumably they had some profitable years prior to 2012 or have maintained limited losses.
Either way, it looks like they're gearing up for some big growth in the next few years. They dipped into the coffers in 2014 and will raise a lot of money from this IPO, so they'll have plenty of cash to burn on fast growth. It should be interesting to watch!
- meritt 12y agoHrm, that's a bit of a red flag to me. Why bother raising so much money if you're not going to utilize it? Surely growing your business will outpace average annual investment returns. I'm sure the investors have to be annoyed they basically just transferred their assets to Etsy to sit on and not utilize. And now they're trying to raise an additional $100M via an IPO? It's not like Apple who are literally in the position of "We have so much money we don't know what to do with it."
- jonknee 12y ago> I'm sure the investors have to be annoyed they basically just transferred their assets to Etsy to sit on and not utilize. Considering they all stand to make a bundle through the IPO I'm sure the investors are collectively not-annoyed that Etsy hasn't wasted their money.
- bbcbasic 12y agoJust depends if the money could have been used for further growth, or not.
- kevin_thibedeau 12y agoThe only challenge will be timing when the Etsy fad bubble bursts.
- cloudwalking 12y agoI think people said the same thing about Ebay.
- peterjancelis 12y agoHaving cash on hand has optionality value (larger universe of possible deals and better batna in each deal negotiation).
- cloudwalking 12y ago> Why bother raising so much money if you're not going to utilize it? How do you know they aren't going to use it?