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Wed Nov 29 2017 16:58:19

Former CEO Tweets Her Support of Etsy

By: Ina Steiner

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Last week, the New York Times caused a stir among sellers when it delved into the transformation Etsy is undergoing from a touchy-feely, do-good company to a more hard-nosed, profit-driven company under its new CEO Josh Silverman, who made some major layoffs after replacing Chad Dickerson in the spring.

Two days later, the Telegraph wrote its own version of the story titled, "Etsy's radical revamp is kissing goodbye to its handmade roots."

One former Etsian is throwing her support behind the changes. Maria Thomas took the helm of Etsy in 2008 and left in 2009, replaced by founder Rob Kalin.

Yesterday she tweeted her support for Etsy's new direction, pointing to the Telegraph article and writing, "The article's title is hyperbolic but the substance is exciting. I'm bullish on @etsy & excited for its future, including the soon-to- debut TV show, #Making It, on @nbc featuring @etsy trend expert Dayna Isom Johnson. @NBCMakingIt."

One thing worth pointing out that should be of concern to both sellers and shareholders: the Times quotes Etsy Chairman of the Board Fred Wilson saying, "The house was burning and nobody was paying attention." A strange thing to say - wouldn't that be a breach of the board's fiduciary duty?

Both the New York Times and the Telegraph articles make for good reading if you are interested in the behind-the-scenes maneuvering of the companies on which online sellers rely, or if you're looking for clues about the direction Etsy is taking. Let us know what you think.




Comments (7) | Permalink

Readers Comments

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

This user has validated their user name. by: BuildingMyOwnSite

Wed Nov 29 20:47:23 2017

How Good Queen Etsy died, & Evil Empress Exsy came to power.

I just finished reading the stories referred to above.  Nice stories, other than the SO SAD experience of the fired, and hungover Chad Dickerson, and his “Last Lecture” tradition where everyone cried.  Old news, a good story for stock speculators.  But Etsy has ALREADY been sold off (given away) to:

AMERICAN FAKE Handcrafters & Vintage Sellers.
AND More Recently
CHINESE FAKE Handcrafters & Vintage Sellers.

So WHO CARES about ANY Corporation that is fully vested in the promotion of FAKE goods, often made with FOREIGN, SLAVE LABOR?   Etsy will NEVER return as a marketplace for True Handcrafted and Vintage Sellers.  How could Etsy POSSIBLY install management willing to CUT phony, fake, illegal sales, & start over with legitimate sellers AGAIN?  Against the wishes of “Totally In The Dark” stockholders ???  That WILL NEVER HAPPEN !!!

As far as the tweet by Maria Thomas, being “bullish on @etsy & excited for its future”, THAT STATEMENT ALONE shows how she doesn't care about True Handcrafted and Vintage Sellers.  Does she EVER keep up to date with what has been going on ???

And as for Etsy Chairman Fred Wilsons' remark: ''The house was burning and nobody was paying attention.''   Not so fast......  plenty of sellers were screaming FIRE, but apparently the Board thought they wanted a “FIRE SALE”, so they sold out to the Chinese in order to get a really good one.....

Anyway, A Belated Happy Thanksgiving to all, and a poem entitled:
“A Thanksgiving Turkey, named Etsy”

Stick a fork in this turkey, they've cut off her head.
It's dried up and done..... and shot full of lead.

We ain't got no butter, just vegetable spread.
And the giblets got burned..... so the dressing's just bread.

The wine's the wrong vintage, we're all filled with dread.
Empress “Exsy” took over..... and Queen Etsy is dead !!!

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: ignatz This user has validated their user name.

Thu Nov 30 06:03:46 2017

Are they dropping the 20-year rule on used goods?  

If they don't care about selling Cheap Chinese Chachkies, why would they care whether a used item is 20 years old or not?

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: Watching the Wheels This user has validated their user name.

Thu Nov 30 07:16:48 2017

Fred Wilson's comment was very interesting. HE was one of the power peeps who DID NOT SEE ANY FLAMES, ...

... AND, ...

MARIA WAS FIRED, so who really cares that she added her 2 cents.

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: Flying Childers This user has validated their user name.

Thu Nov 30 07:53:24 2017

Building my own- you are a true Poet.

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: Whatever This user has validated their user name.

Thu Nov 30 08:52:20 2017

well so much for selling on Etsy - those tricky chinese who have never had an original thought of their own - until congress levels the playing field for Americans it's just going to get worse

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: semper fi This user has validated their user name.

Thu Nov 30 09:09:57 2017

Since adding Etsy to our selling sites years ago, we have experienced a tremendous jump in sales, way over eBay, and I've been there since 1995 (the dial up days).

Etsy is so far ahead of eBay when it comes to letting the seller do promotions, pining, DIRECT CONTACT WITH BUYERS WITHOUT A SEVERE PENALTY, etc... eBay should take note that a kinder more human platform helps everyone involved make money. Sellers should not be in fear of the ''site police'' taking their living away from them. I really have lost count of all the penalty's they impose to make sure I am at the bottom of all the listings and that they don't have to give me all my earned discounts. Just some thoughts.........

Keep up the great work Ina. We need your voice!

Former CEO Tweets Her Support of Etsy   Former CEO Tweets Her Support of Etsy

by: mcposty This user has validated their user name.

Fri Dec 1 13:45:20 2017

most ceos are ignorant robots



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