They 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

They 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