How Etsy bet on talented New Yorkers, not fast fashion— and won

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How Etsy bet on talented New Yorkers, not fast fashion— and won
BrooklynDumboE-Commerce
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NYNext: How Etsy is betting on New York — and its artists

In an era of cheap, soulless fast fashion and drop-shipping, Brooklyn -based Etsy is doubling down on the idea that customers want unique, bespoke products created by actual humans.

Savvy customers increasingly see a value in Etsy’s distinct offerings, even if they have to wait three to seven business days to get them in the mail. Today, it has a market capitalization of $6.7 billion and 2,500 employees, making it the largest tech company in Brooklyn.Etsy has doubled down on its mission to “keep commerce human” by making sure sellers are all real humans making original creations.While Etsy has sellers and buyers from 234 countries around the globe, Moskowitz said that the Big Apple is central to its identity.

In February, it signed Drew Barrymore on as a chief gifting officer, with the actress-turned-talk show host curating her favorite products on the site. To address such concerns, the company is now requiring all sellers to clearly label how something was created — indicating if it was found in a flea market or hand crafted.

This story is part of NYNext, a new editorial series that highlights New York City innovation across industries, as well as the personalities leading the way.

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