The online marketplace for crafts, Etsy, has been trying to win back the favor of investors. The stock is down by more than half since its IPO in April. Among new areas of growth, Etsy has announced it’s testing a crowdfunding system, so that Etsy users can put up money to help promising businesses get off the ground in return for getting the resulting products early.
Etsy CEO Chad Dickerson.
But Etsy’s CEO Chad Dickerson is optimistic about the state of Etsy at a milestone moment for the company.
On Etsy’s 10th birthday:
“I’m not surprised by the success of Etsy because I think what Etsy really does is it appeals to the yearnings for people to create things and make thing that they are really passionate about.”
On Etsy’s guideline that includes manufactured goods:
“We have very clear policies on what you can sell on Etsy. The author has to demonstrate authorship, responsibility, and transparency. So the items that they make have to come from them. If they use any help, they have to understand the production. And transparency, if they are using help they have to say that on their profiles. One of the things we are really excited about is that we are seeing the emergence of really small scale manufacturing, and we see that manufacturing as part of a vision of a better economy.”
Click the media player above to hear Marketplace Morning Report host David Brancaccio in conversation with Etsy’s CEO Chad Dickerson.