Etsy Company History Timeline
In June 2007, it expected to be profitable by the fall, but in December 2007 it was not a profitable company.
In January 2008, Etsy received an additional $27 million in funding from Union Square Ventures, Hubert Burda Media, and Jim Breyer.
In February 2008, trouble at eBay, including a strike by some dissatisfied sellers, brought speculation that Etsy could be an increasing competitor.
In July 2008, Rob Kalin ceded the position of CEO to Maria Thomas.
Some longtime Etsy employees left the company in August 2008, including founders Haim Schoppik and Chris Maguire.
In September 2008, Etsy hired Chad Dickerson, who formerly worked at Yahoo!, as Chief Technology Officer.
As of May 2009, it had approximately 60 employees and sales of $10 to 13 million per month, possibly boosted by consumer interest in cheaper and more personalized goods due to the United States recession.
2009: Etsy acquired its first company, Adtuitive, which was a contextually-driven ad platform that worked with publishers to provide marketing solutions for retailers.
In December 2010, Etsy said it had seven million registered users, and that it would continue to focus on a personal community feel as it grows larger, as that is part of what distinguishes it from eBay.
2011: Dickerson replaced Kalin as CEO of the company after three years of effective leadership in his CTO role.
In April 2012, a newspaper article about Etsy covered its fraud detection efforts; Etsy had been criticized in the past for inconsistently applying its rules about items having to be handmade.
Later in April 2012, the writer of Regretsy, a popular blog, did independent research into a specific featured vendor, Ecologica Malibu, and found evidence to accuse the vendor of being a reseller, which would be against the Etsy Terms of Service.
In May of 2012, Etsy acquired Trunkt, an online wholesale marketplace that sold artisanal goods.
In May 2012, Etsy raised $40 million in Series F funding, and announced the company had become a B Corp.
In December 2012, Etsy also opened a temporary storefront for the holiday season in SoHo, New York City.
2013: In January, Etsy acquired Lascaux Co., a company that developed social networking applications for mobile devices.
2014: Etsy hired Mike Grishaver, a former executive at Pandora, as its senior vice president of product.
In 2014, Etsy also made two more acquisitions—creative technology marketplace, Grand St, and French online marketplace, A Little Market.
March 2015: Etsy announced that it had filed for a $100M USD IPO.
September 2015: Etsy announced that it was launching a new program called, Etsy Manufacturing.
When he took Etsy public in 2015, the company had 1.4 million active sellers, nearly 20 million buyers and had gross merchandise sales of $2 billion a year.
Shortly after the IPO in 2015, a group of investors filed a class action lawsuit against Etsy claiming fraud.
As of 2016, the company has 1.7 million active sellers and 28.6 million active buyers.
15, 2016, with little fanfare, Josh Silverman joined the Etsy board.
After experiencing a first-quarter loss in May 2017, Etsy replaced its chief executive and cut 8% of its workforce.
In May 2017, the company's board replaced Dickerson as CEO with Josh Silverman, citing pressure from shareholders and poor profits.
In July 2019, Etsy acquired the music based marketplace Reverb for $275 million.
In April 2020, Etsy issues a call to all sellers on the site to start making cloth face masks to combat COVID-19.
On June 2, 2021, Etsy announced that it had agreed to acquire shopping app Depop, the global fashion resell marketplace for $1.63 billion.
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| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| eBay | 1995 | $10.4B | 13,300 | 163 |
| Wayfair | 2002 | $13.7B | 16,901 | 380 |
| Williams Sonoma | 1956 | $8.2B | 28,200 | 309 |
| Poshmark | 2011 | $262.0M | 300 | - |
| Sharper Image | 1977 | $86.0M | 2,000 | - |
| Stitch Fix | 2011 | $2.1B | 11,260 | 21 |
| Lyft | 2012 | $3.2B | 4,369 | 12,488 |
| Staples | 1986 | $18.2B | 75,000 | 3,678 |
| Amazon | 1994 | $469.8B | 1,608,000 | 28,894 |
| Square | 2009 | $17.7B | 3,835 | - |
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Etsy may also be known as or be related to ETSY INC, Etsy, Etsy Inc and Etsy, Inc.