June 14th, 2007
Etsy: A Very Cool Idea and An Artful Business Model
by: Stuart

So I followed the link from our “Sponsor”, currently Business Week Small Network Blog, and saw something well worth reading about.

Of all things, a successful site for Artisans. Etsy. We have bought from the site and was very impressed with the site and the delivered items.

This is one of those great stories that even big business should take note of.

Here is a little bit of what you will find  :

To observers, Etsy fits the checklist for the second-wave dot-com success story almost perfectly. Cool offices? Check. Trio of twentysomething founders? Check. User-generated content? Check. Snowballing word-of-mouth? Check. Venture capital funding? Check. (VC firm Union Square Ventures helped raise about $1 million in two rounds.) And—perhaps less typical of a Web startup—Etsy is actually making money. Just a few days shy of its second anniversary, the site has grown to a community of more than 250,000 registered members and 50,000 sellers, and is expanding daily. By the fall, the team expects Etsy to be completely in the black.

Here is a previous post we did on Etsy: Etsy: Anatomica Red Heart Necklace

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