Etsy

June marks the start of hurricane season in the U.S., and 2024 is expected to be one of the most active years on record.* At Etsy, we’re working to help creative makers easily find and navigate crucial disaster readiness and response information when they need it. Etsy recently joined forces with nonprofit Nest and the Environmental Defense Fund to publish free resource guides aimed at helping small and micro businesses prepare for and recover from natural disasters when they strike. The guides include numerous local and federal resources, as well as best practices on how to manage a business during an emergency. The guides aim to help our sellers – and all home-based creative business owners – increase their long-term resiliency in the face of climate change. Etsy is proud to offer this resource to our community at this critical moment. Find the guides here: https://lnkd.in/gaQR7bfU *Source: NOAA 

At Etsy, we’re all about Keeping Commerce Human. So how can we use AI to make shopping on our site more human, not less? Etsy Chief Technology Officer Rachana Kumar, our head of Search, Mahir Yavuz, and a few of our engineers recently had the opportunity to attend Microsoft Build – one of the tech industry’s biggest developer events – to discuss just that. At the conference, Rachana, Mahir and Microsoft’s Jennifer Marsman shared how we’ve leveraged Microsoft’s GPT models to transform the shopping experience on Etsy through groundbreaking product experiences, like our recently-launched Etsy Gift Mode™. Rachana also joined a panel to share our history of leveraging machine learning and discuss the future of Gen AI at Etsy. Thanks to the #MSbuild team and shoutout to Rachana and Mahir for spreading the word about Etsy’s work to unlock opportunities to leverage cutting edge technology to further our mission to connect buyers and sellers around the world, and Keep Commerce Human. Check out Gift Mode here: www.etsy.com/gift-mode

It’s that time of year: Code Mosaic! 🎉 Code Mosaic is Etsy’s annual gathering of our product and engineering teams for a week of creativity and collaboration on coding projects outside of folks’ usual day-to-day. Here’s how it works: 💡Engineers self-organize into teams to work on projects they are excited about, each of which correlates to a theme, whether it be optimizing our coding base or crafting an innovative feature for our marketplace. 🛠️The teams spend most of the week working on their projects: collaborating with folks they don’t usually get to work with, learning from each other, and experimenting with solutions. 🎉At the end of the week, the teams present their projects, and a champion is named by a panel of judges. We’re so proud of our teams for the joy, creativity and innovative thinking they brought to the table this year. We can’t wait to see how some of these projects will positively impact our marketplace moving forward!

We’re thrilled to announce that Etsy’s Chief Human Resources Officer Toni Thompson (Nadal) has been selected as one of the 50 exceptional executive women shaping the future of business with empathy, as part of the Chief 2024 New Era of Leadership Awards. At Etsy, our mission is to Keep Commerce Human. This means putting people at the heart of our business, from our long-term goals to our day-to-day. We are so excited to see Toni recognized for her exceptional, empathetic leadership, which exemplifies Etsy’s values and mission. Congratulations, Toni! You can read more about Toni & her team’s work here: https://lnkd.in/ed-d8S_Z

Etsy is proud to be a place where women in tech can come, stay and thrive. We recently opened the doors to Etsy’s Mexico City office for a career development event for women in tech, hosted by some of Etsy’s women leaders in product & engineering. Attendees from the Etsy team and beyond had the chance to: 🤝Connect with peers and leaders in the industry & CDMX tech community 🙋🏽♀️Hear from a panel of some of Etsy’s women leaders on their own work and career journeys 🏋🏼♀️Join coaching sessions to help strengthen their skills and take their careers to the next level Thanks to the Etsy CDMX team and everyone who came out to the event to make it a success! 

Have you ever wondered how Etsy grew from a small Brooklyn startup to hosting 7 million sellers and more than 90 million buyers? Etsy Chief Product Officer Nicholas Daniel gets into some of the key ways Etsy drove growth over the years and much more on LinkedIn’s Building One podcast with host Tomer Cohen, Chief Product Officer at LinkedIn. On the episode, you can hear Nick’s take on: 🔎How to look beyond data points to see the bigger picture 🧡How Etsy became the destination for special and what’s next 🌱Why career growth isn’t always linear – and why that can be a good thing   Take a listen here: https://lnkd.in/eKQa5jKt

At Etsy, our teams are constantly working to keep our marketplace safe and special, so we can elevate the best of what our sellers have to offer. Today, Etsy published our annual Transparency Report for 2023, a detailed overview of our policy enforcement efforts over the last year, and a look into the priorities that are already underway for 2024. A few highlights: 🔸In 2023, we doubled the total number of listings we removed for violating our policies compared to the year prior. 🔸We removed four times as many listings for violating our Handmade Policy in 2023 than the previous year. 🔸We reduced the amount of policy-violating items users see when they search Etsy by 60% compared to 2022. While we’re extremely proud of the progress our teams have made over the last year, we know there’s more work to do. In 2024, we’ll continue to expand these efforts, from improving policy enforcement efforts to protecting our communities from spam and scams. You can read more about Etsy’s 2023 Transparency report here:  https://etsy.me/2023report

Happy Small Business Week! 🧡 While we celebrate small business at Etsy every day, we want to take a moment to shout out the 7 million amazing creative business owners on our platform with some facts you may not already know about Etsy sellers*: 👩🎨80% identify as women 🏠82% are businesses of one and 97% work from their homes 👶50% have financial dependents, including 29% who have children under 18 at home 💻61% sold their goods for the first time on Etsy We’re proud to support creative business owners, investing in their growth and working to widening pathways to entrepreneurship through initiatives like the Etsy Impact Investment Fund and The Uplift Makers Program. Time and time again, buyers turn to our community of sellers to create things that feel truly special. Their talent, commitment, and passion are what fuel our marketplace, and our teams are proud to work every day to make sure that our platform is the best place for them to share their gifts with the world. *Source: 2022 Etsy Seller Census

This evening Etsy reported our first quarter results. “Our first quarter performance, while in line with our guidance, was pressured by the challenging environment for consumer discretionary products, which continues to be a headwind to Etsy marketplace growth,” said Josh Silverman, CEO of Etsy. “That said, we are encouraged by the meaningful progress we have made to improve customer experiences that we expect will drive buyer consideration and frequency over time, and we are working with focus and urgency to set the foundation to reignite Etsy marketplace growth. I’m confident that leaning into our differentiators to make Etsy even more Etsy will help ensure we stand out in the sea of sameness in e-commerce.” To watch the full video earnings call, see investors.etsy.com.

🚨Awesome Creative Entrepreneur Alert🚨: Etsy recently spotlighted two of our fabulous sellers in Washington, D.C. at Punchbowl News’ The Innovators event, part of White House Correspondents Dinner weekend. D.C.-based Etsy sellers Jodi Kostelnik of The Neighborgoods and Ayu Carlton of AYDRY & Co. joined our team to connect with members of the D.C. community, from journalists to business leaders and policy makers. Jodi and Ayu shared their entrepreneurial journeys on Etsy, including how they grew from small shops to thriving creative businesses. Etsy is proud to serve as a megaphone for our sellers’ priorities and needs, and we know that protecting their interests is essential to our mutual success. Thanks to Punchbowl News and our fantastic sellers, Jodi & Ayu!