Global Street Handmade:
Accel Partners is one of the venture capital firms that owns Etsy. Accel Partners is also teamed up with IDG Capital, a firm based in China. IDG-Accel is dedicated to growth for Chinese companies. Could you address how this might effect Etsy decisions about what is allowed to be sold here and what entities are allowed to sell?
That is, there have been many concerns along the lines of 16 different shops offering the same “bubble necklace” for sale. No offense meant to any specific country, but most of those shops are based in China. Etsy does not close down these obvious-to-most reseller shops and indicates most of them have passed muster. Yet Etsy’s own policy is that no resellers are allowed, in direct conflict with what is actually going on.
So, it begs the question, is Etsy, like IDG-Accel, dedicated to growth for Chinese companies at the expense of the small businesses who helped grow this site?
Fascinating question. The short version is, it has no effect whatsoever.
We’ve certainly talked to our partners at Accel about our international expansion goals, but to the extent we’ve talked with them about China their focus at the time was on how to sell into the fastest growing online consumer market on the planet, not the other way around.
We’ve never talked to IDG about our policies or strategies.
And none of our policies and strategy around resellers, manufacturing assistance, or seller growth (in the US, China or elsewhere) are shaped by our relationship with Accel.
This was an interesting post in this week’s discussion with Administration: