Etsy, Inc.
ETSY
pitch
long
SM
Thesis
Etsy has a very attractive, niche business that can grow many multiples of where it is today. The company's decision to raise its commission fee from 3% to 5% is expected to significantly increase revenue without a corresponding increase in expenses, making it a compelling investment opportunity.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time frame since the pitch, it's difficult to assess whether the thesis has played out. The thesis suggests potential for significant growth due to increased revenue from higher commission fees, but without evidence of actual performance or time elapsed, the outcome remains uncertain.
Raw excerpt
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