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Is Etsy A Sell Out?

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"Etsy, the online marketplace popular with hipsters across the globe, is preparing for the biggest technology initial public offering (IPO) in New York since 1999. But many of the website’s artisan traders complain that the highly-principled company is selling out its ideals for a quick buck."

Is Etsy A Sell Out?

kalin"Etsy, the online marketplace popular with hipsters across the globe, is preparing for the biggest technology initial public offering (IPO) in New York since 1999. But many of the website’s artisan traders complain that the highly-principled company is selling out its ideals for a quick buck."

According to Crunchbase, Etsy took $97.2 million in venture capital investments. Those investors expect a return on their investment. And they deserve it; they bet on Etsy.

Is Etsy a sellout now? No way!

The Company started raising money in 2005, with the hope that they would have a liquidity event. And now that dream is being realized.

It might be more appropriate for those critics to say "congrats" and "thank you."

 

 

Read the source article at theguardian.com

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