Startup-Watch: A Closer Look at Etsy.com
Written by Damian Roskill (e-mail) -- November 20th, 2009 |
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One of the companies I’ve been following for a long time is Etsy.com. Etsy.com is a website for folks selling craft items – or as they put it “Your place to buy & sell all things handmade.” More broadly, they are referred to in the startup world as P2P commerce (person-to-person) – similar to eBay or any other site that enables person-to-person transactions with the website in the middle taking a small cut.
The press around the site has been amazing. According to Techcrunch, “$100 million worth of goods were sold on Etsy in 2008. The company is generating over $1 million/month in revenue, Kalin told me.”
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