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afaik SS is claiming it is profitable and it was always breaking even. There was an interview somewhere where the owner said until recent the only outside money
by funkyy 13y ago
afaik SS is claiming it is profitable and it was always breaking even. There was an interview somewhere where the owner said until recent the only outside money was $30K loan from his dad (I think it was one with Alexis Ohanian).
- zachb 13y agoGot a link? Wikipedia confirms the $30K loan from dad, but can't find the interview on google.
- funkyy 13y agohttps://www.youtube.com/watch?v=GGPj5SOUrn8 https://www.youtube.com/watch?v=GGPj5SOUrn8 I think thats the one. Anyways - imo its extremely interesting and worth watching.
- callmeed 13y agoThey raised $40M last week [1] ... $78M in total [2] Almost 300 employees, spending a ton on ad/marketing, and raising that much money–I can't see how they're profitable. I could be way wrong though. [1] http://blogs.wsj.com/venturecapital/2014/04/15/squarespace-raises-40m-to-expand-website-building-offerings/ http://blogs.wsj.com/venturecapital/2014/04/15/squarespace-r... [2] http://www.crunchbase.com/company/squarespace http://www.crunchbase.com/company/squarespace