Etsy’s CEO Rob Kalin’s Interview With TechCrunch
12. Sep, 2010 
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HOME TWEET HOME | by: tlgcrafts
Etsy is on top! Check out the stats from TechCrunch and the interview with Rod Kalin.
Steven Carpenter from TechCrunch Says:
A few weeks ago, Etsy
, the New York-based marketplace for handmade goods around the world, raised $20 million in new capital at a $300 million valuation—3 times the valuation of its last round in January, 2008. In contrast to the meteor-like rise of Groupon and Zynga, Etsy’s revenues have grown consistently since its launch in 2005, while establishing a trusted brand and international platform for makers of all kinds of wares to sell their products. Based on my analysis, Etsy will do $380 million in gross merchandise volume (GMV) and generate $30 million in revenues this year, up from $180 million in GMV and $15 million in revenue in 2009. This implies a 10X revenue multiple in the company’s latest valuation, compared to EBay’s 3.6 multiple.
The two key questions for Etsy are: How big is the market for handmade products? And can it continue to take share from eBay’s marketplace business?
Let’s take a look at how Etsy makes money and how it can reach $100 million in revenues.
Read the rest of the artticle on TC about how will reach $100 mill in revenues HERE.
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This is absolutely fascinating–both the window into the insides of Etsy (it’s kind of messy!) and the amazing revolutionary ideas behind its vision for growth.
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I agree totally with Karen Kelsky. On one hand the press is fantastic on the other hand it’s a battleground in the comments.
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Interesting interview, thanks for giving us this glimpse into where Etsy has been & where it is headed.
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Yep!
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