Etsy is the world’s leading online destination and marketplace for handmade items. The site has over 95.9 million active members from 200+ countries, more than 97 million listed items for sale and over 7.4 million active sellers.
The company says its mission is to empower people to change the way the global economy works. It sees a world in which very-very small businesses have much-much more sway in shaping the economy, local living economies are thriving everywhere, and people value authorship and provenance as much as price and convenience.
The company reported total gross merchandise sales of $3.1 billion in the third quarter of 2021, a 17.9% increase, and revenue of $532.4 million, up 18%. The company reported net income of $89.9 million for the third quarter.
81% of Etsy sellers are women.
Etsy went public on April 16, 2015 on Nasdaq stock market.
Etsy was conceived by Rob Kalin in early 2005. A painter, carpenter, and photographer, Rob found there was no viable marketplace to exhibit and sell his creations online — other E-commerce sites having become too inundated with overstock electronics and broken appliances.
Ever industrious, Kalin, along with Chris Maguire and Haim Schoppik, designed the site, wrote the code, assembled the servers, spliced the cables, and launched Etsy on June 18th, 2005 after only three sleepless months.
Employees receive company-paid health benefits, generous time off, performance bonuses, paid parental leave and 401(k) matching pension contributions.
Etsy is taking a hybrid approach to the future of work, and all global employees will have the option of a “flex” schedule (2+ days per week in the office), being fully remote, or office-based (4-5 days per week in office).