Joshua G. Silverman
President, CEO & Director
Rachel C. Glaser
Chief Financial Officer
Linda Findley Kozlowski
Chief Operating Officer
Etsy was founded in the year 2005. The company has been operational for almost 14 years now. The founders of the company were Jared Tarbell, Robert Kalin, Haim Schoppik and Chris Maguire. In the first year of the company, it had attracted attention for frequently adding new tools and functionality to the site to help sellers gain more exposure and traffic, including Adobe Flash-based visualizations and taxonomy of various types categories with tags. Etsy had passed almost $1.7 million in sales in May 2007. The same year, Etsy had its one-millionth sale and anticipated its two-millionth sale would occur by mid of December 2007. In the year 2007, buyers spent $4.3 million purchasing 300,000 items for sale on Etsy, which was an increase of almost 43 per cent from October 2007. In the year 2007, it was expected to be profitable by the fall, but by the end of the year 2007, it was not a profitable company. In the year 2008, Etsy had received an additional $27 million in funding from Union Square Ventures, Hubert Burda Media, and Jim Breyer as well.
In the year 2008, due to trouble at eBay, including a strike by some dissatisfied sellers, brought speculation that Etsy could be an increasing competitor instead. At the same time, however, some Etsy sellers expressed discontentment with how Etsy was handling complaints about stores as well too. Then in the year 2009, users organized an 'etsy day' promotion on Twitter that had brought extra attention to the site as well. As of the year 2009, the company had approximately 60 employees and sales of $10 to 13 million per month were happening, which was possibly boosted by consumer interest in cheaper and more personalized goods due to the United States recession as well. In the year 2011, Etsy had introduced a Facebook-style social networking system called People Search in order to help buyers and sellers connect with each other easily and become friends as well. By the end of 2010, Etsy reported that it had almost seven million registered users and that it would still continue to focus on a personal community feel as it grows larger and larger, as that is part of what distinguishes it from eBay as well. In the year 2015, the company had filed for its first IPO or Initial Public Offer, which helped the company to raise almost $100 million. In the year 2014, Etsy had purchased A Little Market - which was a French e-commerce website for handmade goods, foods, and wine, for a mix of cash and stock valued at an amount, less than $100 million. In the year 2016, the company had taken over Blackbird Technologies. The following year, the company had shed almost 8 per cent of its workforce. The headquarters of the company is based in 55 Washington Street Suite 512. The name of the place is Brooklyn, while the name of the state is New York, USA. The pin code of the area is 11201.
Etsy is an American company that focuses on providing the online platform for buyers and sellers, to buy or sell various kinds of handmade as well as vintage items quickly. The current CEO of the company is Chad Dickerson. As of the year 2018, the total revenue generated by the company is more than $603.7 million. The current Amazon Alexa rank of the company's website, as of the year 2018, is at 177 places. The company has more than 870 employees working, as of the year 2018. The company also has more than 60 million products on offer, as of the year 2018, with more than 39 million buyers and more than 2 million sellers.
The primary services provided by the company include allowing customers and clients to have an online platform to buy or sell handmade, as well as custom, made items, along with vintage items too, including jewellery, crafts, materials, decorative items for the home, etcetera. The company also sells unique and commercially made pieces that are not available anywhere else. It also sells furniture toys, clothing, bags, craft supplies and tools, etcetera.
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