Deborah Cooper's Blog (1)

"Markets are Conversations": an Etsy business model for information-sharing

Observations from Etsy CTO Kellan Elliot-McCrea's Maker Faire presentation 9/18/11

  • Community markets have bidirectional information flow, a diverse marketplace with increased capacity, and grassroots economics ("Markets are conversations").
  • Handmade is characterized by creative inefficiency, as opposed to the current model where production is automated, uniform, and price-focused.
  • Teams have 30% more sales than individuals. This reminded me of how scientific…
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Added by Deborah Cooper on February 14, 2012 at 9:55am — 1 Comment

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