Etsy Says Customers Want More Items From Black Sellers

The video discusses the economic challenges faced by Black entrepreneurs and highlights Etsy's initiative to support Black-owned shops. Josh Silverman, CEO of Etsy, shares insights on the platform's curated collection of Black-owned shops, which became highly popular. The video also addresses concerns about ensuring authenticity and preventing misuse of the feature. Etsy's community-led solutions, such as seller teams, are emphasized as a way to manage and support Black-owned businesses effectively.

What was the main reason for the increased focus on Black-owned businesses globally?

• To support local economies

• To increase sales for all businesses

• To promote cultural diversity

• To address economic inequalities faced by Black entrepreneurs

What was the outcome of Etsy's curated collection of Black-owned shops?

• It was the least popular collection

• It became the most popular curated collection

• It did not attract any buyers

• It was removed from the website

How did Etsy ensure that only genuine Black-owned shops were featured?

• By asking sellers to provide proof of ownership

• By conducting background checks on sellers

• By supporting community-led teams

• By verifying sellers' racial identity

What is the role of teams in Etsy's approach to supporting Black-owned businesses?

• Teams manage the financial transactions

• Teams decide the prices of the products

• Teams help in self-organizing and self-policing membership

• Teams are responsible for marketing the shops

Why does Etsy avoid asking sellers to identify their race?

• To maintain privacy and avoid inappropriate positioning

• To increase the number of sellers

• To comply with government regulations

• To reduce administrative work