Sunday, March 22, 2015

Making an entrance, and an appearance for three countries

This week, R$G made an appearance at St. Patrick's Day on 3-17-2015. It was a fun night at Casey Moore's with Puneet, Y.U., NP, etc. Towards the end of the night, it was great fun to kiss two beautiful Canadian sisters. Sheila and Carol were trading kisses for alcohol, as Hollywood G. bought them a couple of drinks. By far, one of the best romantic exchanges of my life. Next, it was on to the Brazilian festival in downtown Phoenix on March 21. This festival was overpriced, and the food was ok. The Pressroom venue was small, and the crowd was too large. This South American country's festival will be one, which is not high on my list. On to the next one, like "Jay-Z" says. Finally, today was the 2nd annual Italian festival in Scottsdale. This one was the best one, of the three parties. Brazil, Ireland, and Italy are countries for anyone to visit. Visiting Italy as a youngster was fun. It was the best festival/party, as the food from restaurants was good. The outdoor location was incredible. Rahulio Ganpuleone enjoyed this one the most. Lastly, checking out Italy as an adult is high on my "bucket" list. Arrivederci!

Thursday, March 5, 2015

Etsy going public, yet online crafts marketplace is unprofitable

Today, Etsy Inc. announced their IPO plan. In the public filing, Etsy plans to raise $300 million. But, the online crafts marketplace is not a profitable company. Founded in 2005, the Brooklyn, NY based company lost $15 million in 2014. The company has 54 million active members, and the company has to come up with a turnaround strategy fast. For investors, the company would be appealing if it's "in the black." If the company continues to be "in the red" or unprofitable, it will be a tech bubble mainstay. Etsy should not be another Twitter, as the popular microblogging website has yet to churn a profit. On the other hand, Twitter's user base is geared toward a different demographic. Etsy is geared more towards females, and for the millennial (age 18-34) generation. Finally, Etsy has an app. online. The company is requesting more users to download the app., and to buy their products from smartphones. The website is the most “pinned” on Pinterest. Etsy is comparing itself to EBay, since Ebay was the pioneer of the online crafts marketplace world. The last question is whether Etsy will surpass the incredible visits to their website figure, that Ebay has amassed for years. Enjoy the picture above, it is from an MBA case study done on Etsy. When buying crafts and jewelry online, be cautious!