Etsy Nabs $27M to Get Crafty

Etsy, an online craft marketplace based out of Brooklyn, N.Y., may not be familiar to the West Coast tech set, but for the last three years (in the last year especially) middle America’s been using the Flash-heavy site to buy and sell handmade wares. And now that it’s scored $27 million in a round led by Accel Partners and added Jim Breyer, the same guy who fished Facebook out of Boston, to its board, Etsy may finally start to get the attention it deserves in the tech world.

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Hurry Up and Bounce

[qi:053] A bounce in technology stocks, at this point, is inevitable. With the S&P’s tech sector down 10 percent so far this year — and a bearish-looking 20 percent since last summer — it’s just a matter of time before the sellers get tired and others step in to buy, if only for short-term gains.
That leaves two questions: The first is when will the bounce come? And more importantly, what happens then? Is it the proverbial dead cat? Or is it a chance to get in on a sure-fire recovery now that the worst is past? Without a doubt, there’s as much uncertainty now as there has been in a while, and an absence of indicators tends to make us read the worst into the vague gloom. Further, there’s plenty of gloom to read into. Read More about Hurry Up and Bounce

Year-End Folly: Pin the Tail on the Stocks

I’ve taken seven of the more interesting stocks of 2007 — all stocks that inspired a good deal of passionate discussion and, for the most part, a good deal of capital gains — and ranked them according to how I think they’ll perform in 2008. Take a look.

How Amazon Could Kindle Some Interest in E-books

[qi:038] Wouldn’t it have been cool if Amazon built an e-book reader so inexpensive they could almost give it away for free, then make money by selling e-books for people to read on it (or selling upscale versions of the reader later)? Instead, they stuffed it so full of technological wizardry that it costs $399.
Most people have no idea if they’d really like to use an e-book reader or not. It may be something you just have to experience to grasp. But who’s going to experiment with electronic book reading when the price of entry is so high?
Newsweek’s Steven Levy reports that the Kindle goes 30 hours on a single charge, stores 200 books, and uses wireless connectivity based on EVDO so it operates completely independently of a PC. All cool, but not as cool as an e-book reader that demands only a small commitment of cash. An inexpensive Amazon-branded e-book reader could have been the star of this holiday season.
Disclosure: Our RSS feed is part of the Kindle device, and we are under NDA to comment about its features. We are going to wait till that NDA comes off. Newsweek has pretty much all the feature details in case you are interested. – Om