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Etsy has ousted its CEO and is laying off 8 percent of its staff

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Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#72
post #51

Earlier quoted context omitted.

I wonder if they can police the reselling of mass produced junk. I'm imagining initial efforts, making a notable dent in the problem, and then kicking off a "Made By Me" social media campaign. If resellers stopped seeing Etsy as a easy way to sell dollar store items at artisan prices, made that'd curb the problem a bit more.

Sure. Require a refundable deposit of $1000 (replace by some magic number) which is forfeited if you're caught selling mass produced junk. Other after-the-fact punitive measures can be in the contract you have to sign to get on the site. Something along these lines must exist where legitimate sellers can live with it while the cost to the spammers must be unacceptable.

A lot of sellers on etsy couldn't afford the $1k to start.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#73

Maybe ignorant question. Why would one choose Etsy over Amazon

Well, a consumer generally visits Amazon for cheap, not quality, goods. Etsy is supposed to be the place a consumer goes to purchase small batch, hand made, custom items.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#74

> "We are fully prepared to take any actions we believe are necessary to protect the best interests of all Etsy shareholders." What exactly are they insinuating?

fuck everyone else who isn't a shareholder, especially you

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#75
post #55

The conversion problem on mobile does seem like an issue, but speaking as a former customer of Etsy what drove me away was the selection. Not that it's too small - rather, Etsy is now flooded with thousands of storefronts selling "artisan" pieces that are actually bought on AliExpress or similar and marked up. If they're trying to apply ML to managing customer recommendations, they should figure out how to identify w…

I had forgotten that Etsy changed its policy on allowing mass manufacturing several years ago: https://www.wired.com/2015/09/etsy-embraces-mass-manufacturi... http://abcnews.go.com/Business/etsy-ceo-ipo-mass-production-... Alibaba-resells has had a detrimental effect on Kickstarter and Indiegogo-type platforms too. Many of the things submitted to r/shittykickstarters seem to be resells. Indiegogo doesn't mind them, a…

Indiegogo doesn't mind? That's way too funny, I emailed Indiegogo a few weeks ago before starting a group buy from taobao. I still can't find a platform to organize something like that.

Since, this is HN it might interest you all: the top six on https://shop57714512.world.taobao.com/ . Tripod mountable 10"-17" travel monitors.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#76
post #53

I looked into this, because a bracelet I bought for my wife looked great on Etsy, but when it arrived, it was obviously shitty chinese-knock-off quality Here is the bracelet I bought as a gift, $52 https://www.etsy.com/transaction/1238204808 Here is the same fucking thing, on AliExpress for $6.52 a piece, or you can buy them in lots of 6 for $20. https://www.aliexpress.com/item/24k-Gold-Electroplated-Edge-... fucking…

Your etsy link doesn't work for me

Or me

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#77

The conversion problem on mobile does seem like an issue, but speaking as a former customer of Etsy what drove me away was the selection. Not that it's too small - rather, Etsy is now flooded with thousands of storefronts selling "artisan" pieces that are actually bought on AliExpress or similar and marked up. If they're trying to apply ML to managing customer recommendations, they should figure out how to identify w…

It seems like tons of things on AliExpress are just resold on Etsy. I was looking at plant seeds on there and just found and bought the exact same ones with same pics and everything without markup on AliExpress, so it isn't just jewelry and handmade items. That left a bad impression on me about Etsy.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#78

Welcome to the bursting of the second tech bubble. It's been slow so far, but it'll accelerate soon. Hang on! Why is it that on these threads, nobody seriously considers the possibility of a secular decline? Fundraising, after all, has slowed, real estate in south bay has softened, and interest rates are rising (making tech relatively less attractive). Not to mention the scandals that have erased billions; see Theran…

> Fundraising, after all, has slowed

This was definitely true Q2-4 last year, but it's made a come back. It feels to me like 2016 was the year where fundraising "corrected" (more accurate than slowed) from "prioritize growth above anything" to "show a path to profitability or you're screwed".

I'm even starting to hear from founder peers that I should raise because the seed market's hot again. I think it could easily heat up even more.

Theranos is a scandalous outlier. Yik Yak had no path to profitability. Have you been watching the stock market recently? AMZN, TSLA, FB, GOOGL, AAPL have all set huge all time highs.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#79
post #16

It's bizarre to see how Etsy went from producing a significant amount of technical software and community engagement a few years ago and then suddenly stopped. Their GitHub is a testament to this sudden dropoff. Was there anything ever mentioned about why they went from super public about things like dashboarding to nothing?

The CTO left in 2015. He was a big open source guy so I wouldn't be surprised if that had an impact.

Re: Etsy has ousted its CEO and is laying off 8 percent of its staff

#80
post #55

Earlier quoted context omitted.

I had forgotten that Etsy changed its policy on allowing mass manufacturing several years ago: https://www.wired.com/2015/09/etsy-embraces-mass-manufacturi... http://abcnews.go.com/Business/etsy-ceo-ipo-mass-production-... Alibaba-resells has had a detrimental effect on Kickstarter and Indiegogo-type platforms too. Many of the things submitted to r/shittykickstarters seem to be resells. Indiegogo doesn't mind them, a…

The amazing thing about Kickstarter knockoffs is that there's a huge market for simply stealing an idea and beating it to market. People have made hundreds of thousands of dollars doing this. It's completely absurd, Kickstarter product transparency is, in hindsight, almost ideal to steal products from.

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