Emma Cashwell ’22 pitched Etsy, Inc. (NASDAQ: ETSY) on February 28th, 2022. Etsy was founded in 2005 and is headquartered in Brooklyn, NY. It is the global marketplace for unique and creative goods and connects millions of sellers and buyers looking for a joyful expression of their tastes and values. Etsy’s mission is to “Keep Commerce Human” and aims to use the power of business and technology to strengthen communities and empower people. Emma discussed how Etsy’s growth throughout the Covid-19 pandemic set a strong foundation for future expansion. Key growth drivers include Etsy’s capital light business model, strong ESG metrics, and brand-differentiation. Emma proposed a put on-boarding strategy to account for Etsy’s elevated stock price after Q4 earnings. The class voted to sell 2 June 165 puts on February 28th, 2022. To fund the position, the class voted to sell 300 shares of Starbucks.