If you go public, you have to obey to the rules of the market you join. That why I don't get why some companies even go public.
Etsy is under pressure to start acting more like a conventional company
191–200 of 232 posts
Re: Etsy is under pressure to start acting more like a conventional company
#192Opportunities created by Etsy's shortcomings: 1) Create an Etsy review site/blog/mailing list that points to the "good" merchants. 2) IndieHackers for Etsy. Do some interviews with legit Etsy owners who sell quality stuff and make a living on Etsy. 3) Independent review company that rates etsy sellers. 4) Hard mode: compete directly with Etsy and have some sort of verification process that you're not drop-shipping cr…
All but number 4 is completely reliant upon Etsy not getting their act together. I would say the safest is actually #4 without taking VC or going public. Etsy already validated the hand crafted market, but imho it isn't a devour the world market. The desire for ever expanding growth has increasingly forced Etsy to effectively abandon this market, leaving a hole for you to step into.
I did say opportunity not viable long term businesses :)
Re: Etsy is under pressure to start acting more like a conventional company
#193If you go public, you have to obey to the rules of the market you join. That why I don't get why some companies even go public.
Because they took money from VCs who want an exit.
Re: Etsy is under pressure to start acting more like a conventional company
#194Re: Etsy is under pressure to start acting more like a conventional company
#195Earlier quoted context omitted.
Not all instances are the same. You can't run a database on an m4.large, not any database you plan on running queries on. So you need that m4.16xlarge to handle the load, and honestly, there's no single instance available on Amazon that I've found that can come anywhere near the performance of physical hardware when it comes to handling database loads. Right now I am running ten r4.16xlarge instances to do the job of…
I guess our use cases are just different. Mind sharing some examples of your use case that demands that much compute power? I do run a database on my server (which isn't even a Large) for an e-commerce site. It fits handily in half a gig of ram. The hundreds of products we offer have associated images, but we just store the filenames in the database and they load from disk (or, more likely, Cloudflare cache). Honestl…
We have billions of rows of data and very complicated CTEs doing joins on a dozen tables matching based on GEOS radius data, and it's the primary query for our application. We're running PostgreSQL 9.5 and need to have all the data in memory for the fastest results.
Part of the problem is that the network disk that EC2 provides as EBS is 100x slower than local disk, so keeping all the indexes and data in memory is the only way to replicate physical hardware performance.
If anyone knows of a better EC2 setup for PostgreSQL, I'm all ears.
Re: Etsy is under pressure to start acting more like a conventional company
#196Earlier quoted context omitted.
Your post reads a bit contradictory. The only way we can all be responsible for negative externalities is if we each individually choose to be responsible, or if lawmakers force us all to be responsible. I honestly don't know what your view on this subject is, because you seem to be deriding any possible solution to the problem of negative externalities.
Well, one example would be if you are CEO of a car manufacturer. Your engineers design two catalytic converters, one that meets all government regulations/requirements, and another that does substantially better, but reduces horsepower and drivability significantly. If you are environmentally conscious and decide to standardize all your cars on the cleaner catalytic converter, and consumers react poorly and sales suf…
But in practice, what we get is VW.
It is "contra-survival" to poison the air. You cannot breath profits.
The world is bubble-shaped, and we are all trapped together sandwiched between hard vacuum and molten rock.
Poisoning in the short-term to make money to make laws to stop poisoning in the long-term is a poor strategy, and I think we as sentient human beings can do better.
"Never let ideological purity interfere with effective action."
Re: Etsy is under pressure to start acting more like a conventional company
#197Etsy first started losing their appeal when they gave up even pretending to not allow Alibaba resellers, and lost the "hand-made" distinction that made their site unique. Currently they're going through a round of "let's alienate all the small unique sellers that are still using our service" by changing their payment policies. Sellers are being required to accept Etsy's payment processing, where before accepting Payp…
I had a look at Storenvy's store owner's agreement. There's several exclusions in there that would be problematic, such as: > Any product containing any hazardous or dangerous material including mercury or any product whose use is regulated by any law in any jurisdiction. I get what they're trying to do, but that's pretty broad https://support.storenvy.com/customer/portal/articles/93987-...
Would this include anything that would fall under California's Prop 65 warning labels? Because if so, that'd cut out a LOT of things you'd never worry about...
[1]http://www.latimes.com/health/la-he-pro-con2-2009nov02-story...
Re: Etsy is under pressure to start acting more like a conventional company
#198Earlier quoted context omitted.
>> any product whose use is regulated by any law in any jurisdiction > handmade doll clothes and wigs Toy safety? For example, all the "toy" sections of 16 CFR Part 1500?[1] [1] https://www.law.cornell.edu/cfr/text/16/part-1500 Found via a link on my (shameless plug) "A feel for: torque"[2], under 10^-1 Newton-meters. [2] http://www.clarifyscience.info/part/ZoomB?v=A&p=CK6Ji&m=torq...
Not toys, think more along the lines of art dolls. They aren't for kids, they cost anywhere from $$$ to $$$$ a piece.
I am very interested in the reason for this pricing, if you wouldn't mind enlightening me? I never understood why they are so expensive.
Re: Etsy is under pressure to start acting more like a conventional company
#199If you go public, you have to obey to the rules of the market you join. That why I don't get why some companies even go public.
Because they took money from VCs who want an exit.
Well, VC have already the word "capitalists" in their name. They don't care for anything but the ROI. While a company has to care about its customers too.
Re: Etsy is under pressure to start acting more like a conventional company
#200Earlier quoted context omitted.
You're correct that ultimately, at the end of the day, the shareholders are the owners of the business, and should have ultimate control over how their resources are allocated or spent. That doesn't mean that the shareholders interests are necessarily for profit above all else. If your shareholders were perfectly happy with being ecologically conscious and providing an above-average place of business for employees ir…
If you are a shareholder and want to spend some of your profits on ecologically conscious activities, no one can stop you. But that doesn't mean you should force the other shareholders to do the same. And Etsy isn't a B corporation. It's CEO tried to make it one and failed.
How is that different than saying, "If you are a shareholder and you want to make as much money as possible regardless of social costs, no one can stop you. But that doesn't mean you should force the other shareholders to do the same"
If we go by your logic, then the only thing people are allowed to pool their money together for is to make the most money possible. Am I not allowed to incorporate a public company that has another purpose? A company is, and should be, controlled by the shareholders, since they are the owners. If those shareholders want to do something besides maximize their profits, they should be allowed to do that.