Twitter Sunday : Read, enjoy, find someone new to follow
This week we witnessed a valuation for a social enterprise the likes of which we haven’t seen before. As Fortune reported:
“Etsy, the online marketplace for handcrafted and vintage goods, has filed for an initial public offering that is banking on the continued appetite for new Internet stocks.
Reports speculated that the company could be valued in the public markets $2 billion. It said in a regulatory filing Wednesday that it hopes to raise $100 million in the offering, although that amount is likely a placeholder.”
This is big news. Etsy would constitute, by far, the largest Benefit Corporation to go public, and the liquidity produced by the IPO (as estimated) would be unprecetented. There already are questions on whether Etsy can sustain its mojo for doing good by doing good business. Those are important questions and the CEO made an effort address them.
But for B Lab, the nonprofit that certifies who is and who is not a B Corp, the IPO is equally good news. With 1,223 companies in 38 countries, the organization is looking for growth, potentially by expanding to Asia.
The news injected some excitement into the Twitter nest this week. Here are a few Tweets that stuck out to us.
— World Bank ICT (@WBG_ICT) March 2, 2015
— Womens World Banking (@womensworldbnkg) March 2, 2015
— World Bank Pubs (@WBPubs) March 3, 2015
— CFSI (@CFSInnovation) March 3, 2015
— niek van dijk (@DijkNiek) March 3, 2015
— The SEEP Network (@TheSEEPNetwork) March 4, 2015
— PSI (@PSIimpact) March 4, 2015
— GiveDirectly (@Give_Directly) March 6, 2015
— PYMNTS (@pymnts) March 6, 2015
— Erin L. Worsham (@ErinWorsham) March 6, 2015
- NextBillion Originals