What part of a website builder and template engine is fundamentally new and uncertain? Squarespace certainly does a lot of development, but "R&D" (especially w

What part of a website builder and template engine is fundamentally new and uncertain? Squarespace certainly does a lot of development, but "R&D" (especially when it comes to things that PE firms will cut) usually means completely new stuff with significant uncertainty in terms of revenue impact. If Squarespace, for example, had been a significant contributor to HTML standards to make website rendering easier, I would be unhappy about a loss of R&D.