4 ms·
Jeez. The offer must have been really attractive.. otherwise why would Squarespace need all that money? Don't say servers. Conversely, why would VC's throw in
by faramarz 16y ago
Jeez. The offer must have been really attractive.. otherwise why would Squarespace need all that money? Don't say servers.
Conversely, why would VC's throw in so much money into this business? I just can't see the exit strategy. Who can you name off top of your head that could potentially acquire them at a few multiples? I can't.
[Edit] This is just a web design operation, only difference is that the customers get the CMS login. hehe
- deleted 16y ago[deleted]
- callmeed 16y agoIt does seem like a lot of money ... but Automattic has raised over $30M for (primarily) WordPress. And SquareSpace is actually charging money. Exits? Inuit paid $170M for Homestead in Nov. '07. I'm sure the acquisition climate is different now but I think there are enough potential fits around. Adobe comes to mind seeing as they need a better HTML(5) web solution. Not sure if that's a route they want to go, though.
- photon_off 16y agoRackspace? GoDaddy?
- alttab 16y agoRackspace isn't in the business of consumer products. They are slowly becoming middleware for MSPs and a platform for cloud based services. GoDaddy... now there's something.