Showing posts with label milestones. Show all posts

Boss man, Rob, (Rokali) announced in a Storque article that Etsy received 27 million dollars in funding from 2 of their existing investors and from a new investor, Jim Breyer. Mr. Breyer will hold a place on the board of directors. Rob explains how this money is needed to allow Etsy to keep up with it's increasing growth, and also exactly how some of the funds will be used, in the article.

2 days following this news, Rob had another announcement that generated a lot of buzz, mostly happy buzzing, regarding a separation of handmade goods from supplies and vintage. The plan is to exclude supplies and vintage from the default search, with the ability to opt them into a search, from the drop down menu. Read more about this change here, and the discussions from the community here.

I am happy for these changes, personally. It's great to see Etsy making this distinction, allowing handmade items to be brought to the front, rather than buried amongst the supplies and vintage items for sale. I am all for both of these non-handmade items having a place on Etsy. I am just glad to see some solution for separating them from the handmade goods that people expect to see from a place that boasts, "You're place to buy and sell things Handmade."

From the Storque: "Yesterday, the 2 millionth item on Etsy sold. This is cause for celebration over here at the Etsy Labs. But what we're really happy about is the trend: it took two years to sell the first million. After that high water mark, it only took four months to sell the next million items. Who knows what the future holds?"

It's amazing to me that the first million took 2 years while the 2nd only took 4 months. Go Etsy. Whenever these milestones are announced, I can't help but think how cool it would be to recognize the seller who sold that 2 millionth item. A little prize or something for being the lucky one would be pretty nice. Plus I'd like to congratulate them, and I'm sure they'd want to know. Anyhow, goooooooo Etsy.