…to this weekend’s Etsy piece: “Going public was the best thing that ever happened to this company.” Etsy may not have set the world on fire, but it’s a real business charting its own course in the public markets. It’s not a memory buried inside Amazon, it didn’t perish in the flames of an oligarchic embrace. Bring on the smaller, nimbler, faster public companies: I for one hope hundreds more will make it there.
…much of what made it unique is also either gone or in significant transition. Here’s a money quote: “Once a beacon of socially responsible business practices with a starry-eyed work force that believed it could fundamentally reimagine commerce, Etsy has over the past year become a case study in how the short-term pressures of the stock market can transform even the most idealistic of companies.”