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Soon, most of the engineering and support will be over in India. I'd make a joke about innovation, but not sure how innovative Square has been the last five ye
by throwaway12301 2y ago
Soon, most of the engineering and support will be over in India. I'd make a joke about innovation, but not sure how innovative Square has been the last five years.
- mattmaroon 2y agoSquarespace, very different company, though they do compete to an extent. I’ve seen a lot of changes from Square, though half of them were bad.
- schreiaj 2y agoSquarespace. Different company than Square.
- ethbr1 2y ago> I'd make a joke about innovation, but not sure how innovative Square has been the last five years. Honestly, isn't that a great match for PE? Once a company has run its innovation sprint, convert it to keep-the-lights-on and cut costs. In return, PE gets to buy a revenue stream.
- chii 2y agoThe unsaid thing is that the customer signed up to squarespace is going to get less value for their dollars. Profit has to come from somewhere, and it aint innovation as you said.
- ethbr1 2y agoFlip side is that PE-owned companies probably run leaner than public, as they don't have to show growth. We're all familiar with the gut-and-life-support PE examples. But there are a lot of trim-the-fat PE examples too.