We have not found anything in the online commerce area that has interested us until earlier this year when we met Rob Kalin and his co-founders. Last July they launched Etsy to serve the needs of artists who wanted a place to sell their handmade goods.

In the past 10 months, Etsy has grown by word of mouth to over 10,000 artists selling their handmade goods to over 40,000 buyers. Today, there are over 100,000 listings on Etsy, every single one of them handmade and available for sale. And over 70,000 items have been sold on Etsy at a sell-through rate that beats eBay.