A Marketplace with a Mission
After speaking with Rob Kalin, the founder of handmade products marketplace Etsy.com, it's apparent that like any true entrepreneur, his company isn't just a means to a paycheck. It's a mission: A mission to change the way commerce works; a mission to promote sustainable products; a mission that, much like eBay, is creating an exponential number of entrepreneurs in its wake.
EBay is an apt, but ironic, comparison. It was frustration with the online auction giant that first inspired Kalin to create Etsy in 2005. As a woodworker, he was looking for a place to sell his wares. "I [felt] like eBay [had] grown to the point where it's this faceless corporation, and I wanted to create a company that would have a handmade feel to it," says Kalin, 27. He and a group of college friends holed up in his Brooklyn apartment for six weeks before launching the initial beta version of Etsy.com, with Kalin on design lead and his co-founders, Chris Maguire and Haim Schoppik, handling programming.
For Kalin, it all ties back into his bigger mission: helping to build a sustainable future. "[An item] has this whole other layer of meaning to it if you know who gave it to you, who made it, or if you made it," he explains. "When it breaks or needs alteration, you can fix it or you know somebody who can fix it. Instead of living in this utterly throwaway culture where if something doesn't work or doesn't fit, you just get rid of it."
Kalin and the 100,000 Etsy sellers aren't alone in this mission to create. The Craft & Hobby Association charted a 3.3-percent annual increase in the crafts market from 2002 to 2005. The association also says 4 million people each year discover crafts. This all bodes well for Etsy, which should bring in more than $2 million in sales this year.
Right now, Etsy's engineering team is catching up with the site's growth, but Kalin's mind is always racing ahead, thinking of new features. He sees a huge opportunity in internationalization, where Etsy will be served up in local languages, showing items in a user's native currency first.
"I think there's still 99 percent of the world who doesn't know who the hell we are," says Kalin, in a very glass-half-full manner. That just means Etsy is still on its way to becoming the sustainable world marketplace that Kalin has always envisioned.
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