38 posts and columns on Etsy
Balanced, a startup that focuses on bringing payments systems to network-based companies like Airbnb and Kickstarter, announced Tuesday that it raised $2 million in venture capital. Andreessen Horowitz participated in the round, along with CollabFund and a number of current and former Facebook employees. The ten-person startup had already raised $1.4 million in funds from Ashton Kutcher, Airbnb CEO Brian Chesky and Reddit CEO Yishan Wong, among others.
News ByteEtsy said today that its online marketplace sales grew 70 percent to $895 million in 2012, with total membership nearly doubling to 22 million. But the eight-year-old company takes in only a sliver of that revenue, by charging fees of 3 percent to 3.5 percent per transaction, $0.20 per listing and additional amounts for advertising.