Etsy Is Valued At $3.88 Billion & Is Expected To Grow Into The Trillions Within The Next Three Years
Etsy has been the perfect go-to site to satisfy all your handmade hipster needs, like engraved, wooden iPhone cases and homemade beauty products. Even though it’s hard to believe, the site is nearly a decade old. And in case that wasn't impressive enough, there's also this: Etsy is valued at $3.88 billion.
Etsy was originally priced around $14 to $16 million, but by being able to sell $13.3 million shares on top of what their stockholders (Accel Partners, Index Ventures, Union Square Ventures, and Acton Capital)were able to sell, the company is on the road to their trillion mark. You would think that Etsy would be nervous about competing against the big dogs in e-commerce such as Amazon and eBay, but with their 1.4 million active vendors and 19.8 million active consumers since December 2014, I don’t think Etsy really needs to sweat over their competition, especially since the company is estimated to grow an impressive 17 percent by 2018.
So, what does that mean for the future? In the next three years, Etsy is expected to reach $1.5 trillion in value. They were also the only “top percentage gainer on the Nasdaq,” according to Business of Fashion. If you’re looking to invest in some stocks, Etsy is definitely worth it.