Reverb.com to be Acquired by Etsy

discuss!

A Message from Reverb’s CEO

Today is an exciting day for the Reverb community: Earlier today, we announced that we signed an agreement to be acquired by Etsy. We expect the acquisition to close in the coming months. When it does, Reverb will remain a standalone business, but with the added support of Etsy—the global online marketplace for handmade and vintage items, with millions of buyers and sellers from nearly every country in the world.

Less than a decade ago, I was working as a guitar store owner and ran into a problem: Buying and selling instruments online was difficult and expensive. What started out as a simple solution—a two-way marketplace built for musicians by musicians—quickly grew into so much more. With your help, we’ve built a community that musicians from all walks of life turn to for income to support their families, inspiration to fuel their passions, tools to create new music, and more. But we’re far from finished.

With Etsy as our parent company, we’ll remain the marketplace built for the music community by a team of musicians and music lovers. Your ability to buy, sell, learn, and connect on Reverb will not change. At the same time, we’ll have added resources to continue growing and improving the Reverb community. Think of it like going to see your all-time favorite band and getting a surprise sit-in from another musician you admire.

Why Etsy?

Reverb has always found inspiration in Etsy. Since our inception, we’ve admired their unwavering support of creative businesses and entrepreneurs, their values-driven approach to business, and their dedication to keeping commerce human (Not to mention, their appreciation for all things vintage.) Founded in 2005 as a springboard for makers and artists, Etsy forged a path and gave me the confidence to start Reverb when I saw the need for a musician’s marketplace six years ago.

We’ve had a friendly relationship with Etsy for a number of years and after many candid discussions in recent months, it became clear: There’s no other company that we could trust to support and enhance the Reverb marketplace.

A Personal Note

At Reverb, we often talk about the stories that used instruments would tell if they could talk: A guitar passed down from father to daughter, a drum set sold to make room for a new baby, a keyboard that gets upgraded when a band scores their first hit song. Like a beloved instrument, Reverb has meant more to me than I can put into words, but it has always been destined for a new leader if and when the time was right. Today, the Reverb community, platform, and team are truly the best they’ve ever been—this morning’s announcement is a testament to that.

As a founder, there’s nothing more rewarding than helping create a team and a business that you know will not only stand, but flourish when you take a step back. That’s why after the acquisition closes, I’ll eventually hand over the CEO role to a new leader. I’ll remain closely involved during the transition and after that, I’ll remain Reverb’s biggest fan (And continue to drool over every ‘60s Strat that goes up for sale.) I’m looking forward to watching this community continue to grow, while also spending more time with family.

Thank You

Whether your small business relies on Reverb for crucial online income, your band turns to Reverb to keep its sound fresh, or you just like watching our YouTube videos—thank you. Without you, Reverb is just a website. Because of you, Reverb is the best community online for musicians and music lovers from all over the world to connect over the perfect piece of gear. And together with Etsy, we’ll continue to make the world more musical together.

To Reverb’s next chapter,
David Kalt
CEO / Founder

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I’ll still keep buying from them regardless. GAS is real

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What a time to be alive for collecting synthesizer magnets

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:roll_eyes:

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RIP Reverb

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The enormous Etsy billing disaster in February is the first thing that comes to mind. Not just the magnitude of the error and the impact on small/solo businesses that are Etsy’s bread and butter, but the lack of communication, lack of contrition/apology, and attempts to downplay/deny as much as possible (favorite part was Etsy’s support person officially marking the thread as “Solved” before any fix had been put in place or anyone had been refunded)

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I’ve been consistently impressed with almost every aspect of how Reverb works. The great design of the site/app (price guide anyone?), customer support, and seller friendliness relative to eBay has probably tripled the amount of things I’ve sold online.

Let’s hope that the “support” that Etsy offers isn’t merely pressure to bump profit margins. I’ve read that when Etsy opened itself up to worldwide commerce it had a devastating effect on well established vendors who got priced out by cheap Chinese copy-cats flooding the market, resulting in the overall quality of goods and user experience going down. I’m not sure if Reverb would be as susceptible to this since it’s less about handmade creative goods, but it does make me skeptical of what’s to come. We’ll see what happens.

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Reverb has been the best thing that has happened to me for selling/buying gear - I’ve been on both sides of it there for a while now. It has been a consistently great platform that has steadily improved over time.
Etsy seems to be of the “move fast and break things and maybe get around to fixing it later but not unless we are losing a lot of money” mindset.

My fear is that they will try to take all of the reverb data and migrate it into a “rebranded etsy” as opposed to maintaining reverb as its own thing. Reverb is kind of special, it has been by far my most pleasant selling/buying experience online. I have seen a few cases where companies with a loyal following have been purchased and actually improved while remaining a unique offering… but they are very few. Let’s hope that this is one of those cases.

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Can also personally vouch for Reverb.com being one of the best and most streamlined experience for buying and selling gear. Please Etsy, don’t f it up.

on the flip side, I got a “Saint IceT” candle on etsy so… :smile: :ok_hand:t3:

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Wow, didn’t see that coming. Their office here seems like a really cool place to work, I hope the acquisition doesn’t affect that vibe and they can continue to do things somewhat independently from the mothership.

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personally my buying and selling experiences at Reverb have all been good. and purchasing experiences at Etsy have been as well. hopefully the two together will be just as good. seems like this was a good move for the CEO, so congrats to him and hopefully the full staff is retained at Reverb.

my only real complaint about Reverb is I seem to get a lot of random “loss of internet” errors with their app. close it, restart it, everything works again. so please fix that :+1:

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So, what happened here?

Reverb was the best way to buy and trade gear for quite some time. The ability to acquire gear from out of state (tax free) plus use ‘Reverb bucks’ to get additional discounts, plus seller discounts a fraction of what eBay offered… it was the best thing to happen to the second hand market in years.

Plus Their ability to float users’ cash and hold countless thousands in Reverb credits was just insane… they basically had an interest free business loan as long as users didn’t cash in their credits.

Now all that’s reversed. Did they get caught in a law suit I didn’t hear about? Why the change ?

was considered illegal in many states, as few reported the purchases.

So to be able to grow, they had to adhere to the laws of individual states.

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Reading only a little between the lines since he basically comes out and says this, I think what happened is the founder realized he doesn’t enjoy being a CEO (of an internet startup, at least) and jumped at what I’ll bet is a pretty attractive buyout from a company that, while not an obvious choice, is probably a pretty decent fit.

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Yeah, David Kalt founded Chicago Music Exchange and started Reverb really as an extension of that store. My guess is that he never intended to be the head of an online marketplace, and would rather spend his time with his brick and mortar shop. Makes sense to me. Not thrilled, though, about the increased selling fees Reverb introduced a while back…

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