Etsy, a company I’ve always been a big fan of, just announced a big $27 million funding round. If you’re skeptical that quality businesses can succeed, here’s a fun post on Etsy blog about the funding. Indeed, the transparency is remarkable.
You could call it a validation of a niche marketplace, but I think it’s better described as a validation of a model that’s focuses on the true top line: its users, sellers and buyers. Etsy (by its own admission) may not be perfect, but it always strives to do its best. This latest funding will ensure their vision lives for the long term.