Who Owns Etsy? (Individual and Corporation Shareholders) 

Etsy is a thriving e-commerce platform that connects millions of active buyers and sellers, offering unique handmade and vintage products. 

With a market capitalization of $12.2 billion, the company has established itself as a leader in the industry.

Etsy boasts an impressive user base, with 90.7 million active buyers and 5.6 million active sellers. 

This substantial marketplace has contributed to the company’s robust financial performance, with gross merchandise sales totaling $10.3 billion.

In terms of financial metrics, Etsy has demonstrated remarkable growth and profitability. 

The company reported a net income of $394.6 million, resulting in earnings per share of $4.52. 

This substantial profitability is complemented by a strong return on equity of 26.2%.

Etsy’s financial success is underpinned by its ability to generate significant free cash flow. 

With $496.8 million in free cash flow, the company has ample resources for further investments and expansion.

The company’s financial performance in 2022 has been exceptional, with revenue growth of 23.1% and earnings growth of 61.8%. 

This impressive growth trajectory is a testament to Etsy’s effective strategies and ability to capitalize on market opportunities.

Etsy’s executive team, led by Josh Silverman as President and CEO, has played a pivotal role in driving the company’s success. 

Each executive brings unique expertise to their respective roles, ensuring the continued innovation and growth of the platform.

As Etsy continues to expand its global footprint, it remains committed to delivering a top-notch user experience and maintaining a vibrant community of sellers and buyers. 

With its solid financial position and consistent growth, Etsy is well-positioned to capitalize on emerging e-commerce trends and solidify its position as a market leader.

Etsy History

Etsy, the online marketplace for unique and handmade goods, has come a long way since its founding in 2005.

Let’s take a closer look at the key milestones and events that have shaped Etsy’s journey:

In 2005, Rob Kalin, Chris Maguire, and Haylee Silver founded Etsy in Brooklyn, New York, with a vision to create a platform that celebrates creativity and connects independent artists with buyers worldwide.

Etsy went live the following year, in 2006, marking the beginning of a vibrant online community where artists and artisans could showcase and sell their handmade creations.

Etsy’s early growth and potential caught the attention of investors, as evident from its successful fundraising efforts.

In 2007, the company secured $2 million in Series A funding, followed by $16 million in Series B funding in 2008 and $45 million in Series C funding in 2009.

These investments fueled Etsy’s expansion and development of its platform.

In 2010, Etsy achieved another significant milestone by going public on the Nasdaq stock exchange, attracting attention as a unique marketplace for one-of-a-kind products.

Etsy’s commitment to providing diverse offerings led to strategic acquisitions in subsequent years.

In 2011, Etsy acquired Reverb, an online marketplace specializing in musical instruments, followed by the acquisition of Blackbird, an online marketplace for vintage clothing, in 2012.

In 2013, Etsy expanded its portfolio by acquiring Crowdrise, a social fundraising platform; in 2014, it received Bonanza, an online marketplace for handmade and vintage goods.

These acquisitions allowed Etsy to broaden its reach and diversify its offerings.

Recognizing the needs of its sellers and buyers, Etsy introduced additional services and features.

In 2015, the company launched its credit card, the Etsy Mastercard, providing financial convenience to its community.

In 2016, Etsy responded to sellers’ logistical needs by launching its shipping label printing service, streamlining the shipping process for sellers.

See also  Who Owns Nestlé? ( Individual and Corporate Shareholders)

Etsy’s growth trajectory continued with a significant Series E funding round in 2017, raising $275 million to support its expansion and development plans.

Expanding its global presence, Etsy made strategic acquisitions in subsequent years.

In 2018, the company acquired Depop, a social marketplace for fashion, enhancing its offerings in the manner and vintage segment.

In 2021, Etsy expanded into the Brazilian market by acquiring Elo7, a popular handmade and vintage marketplace.

Etsy’s ability to adapt and innovate was showcased in 2019 with the launch of Etsy Ads, its advertising platform, empowering sellers to promote their products effectively within the marketplace.

In 2020, Etsy raised a substantial $1 billion in Series F funding, demonstrating investor confidence in the company’s potential and growth prospects.

2022 marked another milestone for Etsy, raising an impressive $1.8 billion in Series G funding, enabling further expansion and investment in its platform.

In 2023, Etsy introduced Etsy Payments, its payment processing service, providing a seamless and secure payment experience for buyers and sellers within the Etsy ecosystem.

Etsy’s journey has been defined by its commitment to supporting independent artists, fostering creativity, and connecting buyers with unique products.

Through strategic acquisitions, innovative services, and significant fundraising efforts, Etsy has solidified its position as a leading global handmade and vintage goods marketplace.

As the company continues to evolve and expand its services, Etsy remains a vibrant and beloved platform that celebrates individuality and empowers creative entrepreneurs.

 List of Individuals Who Own the Most Shares of Etsy as of March 8, 2023

Etsy, an e-commerce platform focused on handmade and vintage items, boasts a diverse and notable group of shareholders. 

The ownership distribution reflects a combination of influential executives and investors who have contributed to the company’s success.

Josh Silverman, the current CEO of Etsy, holds the most significant number of shares, totaling 1,275,100. 

This represents approximately 11.9% of the company’s total shares, with a market value of $228,017,500. 

Silverman’s substantial stake reflects his commitment to the company’s growth and confidence in its prospects.

Following closely behind is Jonathan Klein, with 743,700 shares valued at $128,743,500, accounting for approximately 6.8% of total shares. 

Klein’s involvement highlights his belief in Etsy’s potential and his dedication to its continued success.

Another significant shareholder is David Rosenblatt, with 619,700 shares worth $108,332,500, making up approximately 5.6% of total shares. 

Rosenblatt’s ownership stake reflects his confidence in Etsy’s business model and his support for its long-term growth.

Miguel McKelvey holds 513,300 shares, valued at $87,032,500, accounting for about 4.5% of total shares. 

McKelvey’s ownership signifies his commitment to Etsy’s values and belief in its marketplace’s importance for creative entrepreneurs.

Harold Tillman follows with 431,900 shares, worth $72,797,500, constituting approximately 3.8% of total shares.

Tillman’s ownership stake highlights his recognition of Etsy’s unique position in the market and his desire to contribute to its ongoing achievements.

Marc Lore possesses 398,700 shares valued at $67,417,500, representing approximately 3.5% of total shares. 

Lore’s ownership demonstrates his interest in Etsy’s mission and confidence in its ability to thrive in the evolving e-commerce landscape.

James Hardiman holds 370,900 shares, with a market value of $61,832,500, accounting for about 3.2% of total shares. 

Hardiman’s ownership reflects his support for Etsy’s community-driven platform and his belief in its potential for future growth.

See also  Elvtr Course Review: Cost, Pros, And Cons

Lastly, Robert Swan owns 298,700 shares, valued at $51,797,500, making up approximately 2.7% of total shares. 

Swan’s ownership stake signifies his recognition of Etsy’s value proposition and confidence in its ability to deliver long-term shareholder value.

Overall, Etsy’s ownership structure highlights a strong mix of executive leadership and dedicated investors who believe in the company’s mission and its potential for continued success in the e-commerce industry.

List of Corporations That Own the Most Shares of Etsy as of March 8, 2023

Etsy, the renowned e-commerce platform specializing in handmade and vintage products, enjoys substantial ownership from prominent corporations. 

These notable shareholders contribute to the company’s stability and reinforce its position in the market.

BlackRock Inc., a leading investment management corporation, holds the largest stake in Etsy with 4,569,200 shares, representing 7.4% of the total. 

With a market value of $81,384,000, BlackRock’s significant ownership underscores its confidence in Etsy’s business model and growth potential.

The Vanguard Group Inc., another renowned investment management company, possesses 2,781,400 shares, representing 4.6% of the total. 

Valued at $49,291,000, Vanguard’s ownership demonstrates its recognition of Etsy’s market position and commitment to long-term value creation.

State Street Corporation, a trusted financial services provider, holds 1,847,300 shares, accounting for 3.0% of the total shares. 

With a market value of $32,997,500, State Street Corporation’s ownership highlights its belief in Etsy’s growth prospects and the value it adds to investors’ portfolios.

Morgan Stanley, a prominent global financial services firm, owns 1,470,800 shares, representing 2.4% of the total shares. 

With a market value of $26,770,000, Morgan Stanley’s ownership signifies its confidence in Etsy’s performance and dedication to supporting innovative companies.

Susquehanna International Group LLP, a prominent trading and investment firm, possesses 1,237,500 shares, making up 1.9%. 

Valued at $21,375,000, Susquehanna International Group LLP’s ownership reflects its recognition of Etsy’s market presence and its investment in the company’s future success.

Fidelity Investments, a renowned financial services corporation, holds 1,141,800 shares, accounting for 1.8% of the total shares. 

With a market value of $20,146,000, Fidelity Investments’ ownership signifies its belief in Etsy’s business strategy and potential for continued growth.

UBS Group AG, a leading global financial institution, possesses 977,100 shares, representing 1.5% of the total shares. 

Valued at $17,541,500, UBS Group AG’s ownership highlights its recognition of Etsy’s value proposition and commitment to investing in promising companies.

Bank of America, a prominent financial institution, owns 821,600 shares, making up 1.3% of the total shares. 

With a market value of $14,432,000, Bank of America’s ownership reflects its confidence in Etsy’s market position and support for its future endeavors.

Collectively, the ownership structure of Etsy showcases significant investments from well-established corporations, reaffirming the company’s market value and growth potential. 

These institutional shareholders contribute to Etsy’s overall stability and success, cementing its position as a prominent player in the e-commerce industry.

Top Executives at Etsy:

  1. Josh Silverman – President and CEO: Josh Silverman serves as the President and CEO of Etsy, leading the company’s overall strategic direction and operations. With a strong background in technology and e-commerce, Silverman brings valuable experience to the role. Under his leadership, Etsy has experienced significant growth and expansion. Silverman is known for his focus on customer experience, innovation, and fostering a vibrant community of sellers and buyers on the platform.
  2. Kruti Patel Goyal – Chief Product Officer: Kruti Patel Goyal holds the position of Chief Product Officer at Etsy. She is responsible for driving the company’s product strategy and development. Goyal leads a team of product managers and designers, working to enhance the user experience, introduce new features, and improve seller tools. Her product management expertise and understanding of user needs help shape Etsy’s platform and ensure its continued relevance in the ever-evolving e-commerce landscape.
  3. Michael Fisher – Chief Technology Officer: Michael Fisher serves as Etsy’s Chief Technology Officer, overseeing the company’s technological infrastructure and development. Fisher is vital in maintaining a reliable and scalable platform, ensuring smooth operations for sellers and buyers. His responsibilities include driving technological innovation, optimizing systems, and addressing security and performance challenges. Fisher’s technical expertise and leadership contribute to Etsy’s technological advancements and ability to adapt to industry trends.
  4. Rachel Glaser – Chief Financial Officer: Rachel Glaser holds the position of Chief Financial Officer at Etsy, overseeing the company’s financial operations and strategy. She is responsible for financial planning, budgeting, investor relations, and compliance with regulatory requirements. Glaser’s expertise in financial management and strategic decision-making helps drive Etsy’s financial growth and stability. Her focus on balancing growth initiatives with financial discipline is key to the company’s long-term success.
  5. Ryan Scott – Chief Marketing Officer: Ryan Scott is Etsy’s Chief Marketing Officer, leading the company’s marketing and brand strategy. He drives customer acquisition, increases brand awareness, and fosters engagement with the Etsy community. Scott’s expertise lies in developing creative marketing campaigns, leveraging data analytics, and identifying growth opportunities. His strategic approach to marketing helps promote Etsy’s unique value proposition and expand its customer base.
  6. Tara Daly – Vice President of Product Marketing: Tara Daly holds the Vice President of Product Marketing role at Etsy. She leads a team that promotes Etsy’s products and drives user adoption. Daly develops and executes product marketing strategies, identifies target markets, and collaborates with cross-functional teams to ensure successful product launches. Her deep understanding of customer needs and market trends helps position Etsy’s products effectively, driving user engagement and revenue growth.
  7. Cindy Smith – Chief People Officer: Cindy Smith serves as Etsy’s Chief People Officer, overseeing the company’s human resources and talent management functions. She is responsible for developing and implementing HR strategies, fostering a positive work culture, and attracting and retaining top talent. Smith’s focus on employee engagement, diversity, and professional development contributes to Etsy’s success as an employer of choice in the tech industry.
  8. Tareeshi Sangal – Head of Digital, India: Tareeshi Sangal leads Etsy’s digital operations in India as the Head of Digital. She is responsible for driving growth and expansion strategies in the Indian market. Sangal collaborates with cross-functional teams to adapt the Etsy platform to the needs of Indian sellers and buyers. Her deep understanding of the Indian market dynamics, consumer behavior, and local business landscape contributes to Etsy’s success in the region.
  9. Sunanda Krishna – Head of PR and Marketing: Sunanda Krishna holds the Head of PR and Marketing position at Etsy. She manages the company’s public relations efforts and develops marketing campaigns to enhance brand visibility. Krishna leverages her strategic communication, media relations, and brand management expertise to drive positive brand perceptions and increase market reach. Her efforts contribute to building and maintaining Etsy’s reputation as a trusted and innovative e-commerce platform.
See also  What is Special Revenue Fund? (Definition, Example, And Journal Entries)