> Permira, the global private equity firm current Squarespace users about to get gouged
I've been procrastinating transferring my domains after Google sold them to squarespace. Now they're getting sold again... Are domains the new junk loans?
Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
221–230 of 414 posts
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#222Earlier quoted context omitted.
> why this number is so prevalent It comes from a 2004 Delaware court case, which found “recent appraisal cases that correct the valuation for a minority discount by adding back a premium ‘that spreads the value of control over all shares equally’ consistently use a 30% adjustment” for the control premium [1]. (Under Delaware law, shareholders are entitled to the pro rata share of a company’s fair value. The courts c…
> Also, this one is a 15% premium [2] Really? The sub-headline near the top of your link says 29%, so basically 30%.
That said, you see the bankers bending over backwards to find a metric that satisfies Doft.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#223Earlier quoted context omitted.
“Please send me that critical requirements document over WhatsApp, my email isn’t working” is a terrible thing to hear from a vendor/partner/etc.
I do a fair amount of business internationally and WhatsApp is increasingly becoming a default. There is Signal, Slack, Telegram, iMessage, etc plus a multitude of many other options including uploading via our website. Places like Japan and Germany are still pretty big on faxes so I guess it depends where on the continuum the customers are. Thus far our only email issues have been on the client side and they're the…
Like, sure, you could probably get away with it. Once at most places. And even then, it would still likely leave a sour taste in your client’s mouth if their new vendor couldn’t even get their shit together to keep their email up and running smoothly.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#224> Permira, the global private equity firm current Squarespace users about to get gouged
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#225Earlier quoted context omitted.
“Please send me that critical requirements document over WhatsApp, my email isn’t working” is a terrible thing to hear from a vendor/partner/etc.
I do a fair amount of business internationally and WhatsApp is increasingly becoming a default. There is Signal, Slack, Telegram, iMessage, etc plus a multitude of many other options including uploading via our website. Places like Japan and Germany are still pretty big on faxes so I guess it depends where on the continuum the customers are. Thus far our only email issues have been on the client side and they're the…
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#226Earlier quoted context omitted.
I was about to go start the transfer process. How bad of a time am I in for?
Took two days to get any authorization codes. No idea how bad the actual transfer will be. Ugh. Also, and perhaps Google will finally find this, if you are an OWNER on a SQUARESPACE DOMAIN after the GOOGLE DOMAIN TRANSFER, you can't seem to create MX or TXT or other records. But if you ADD A NEW USER as a DOMAIN MANAGER then you can create the records, as far as I can tell.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#227> Permira, the global private equity firm current Squarespace users about to get gouged
I just launched a site on Squarespace - $25 a month for a basic landing page.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#228The growing number and net worth of so many equity firms, as well as very, very wealthy individuals, seem to indicate that the value stream of public investment isn't _really_ needed at all. At least for the right product / market.
I mean, the hassles of public stock (of which there are many: filing constraints, very "impressionable" public opinion, entanglements with Wokeism vs. Conservatism, etc.)
Basically, my thought here is that "Billionaires breed billionaires." They do not, in any way, breed richer "masses" investing their 401Ks.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#229Earlier quoted context omitted.
I'm already self hosting an e-mail server with no problems in deliverability or receiving. No limitations on aliases. No more artificial limits. Cyrus-imap + postfix. If I need to scale up, can migrate from sqlite to postgres.
I did this for about a decade (ending about a decade ago), and eventually gave up and went to gmail. I agree that it is a really easy thing to do and maintain, BUT when it did (rarely) break it was always at the worst possible time. The day a client was sending an important document. While I was on vacation. Etc. I probably only had to drop everything to fix my email server a handful of times, but that handful of tim…
In particular, I’m wondering how much a self hoster can expect to have this sort of downtime because of breaking changes to the mail server application(s) vs. misc. server outages (e.g., breaking OS upgrade unrelated to the mail server) vs. having to fix “my mail was marked as spam” problems.
Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira
#230Earlier quoted context omitted.
The current state of the markets and private equity is deeply troubling. Gone are the days when companies like Microsoft went public at reasonable valuations, allowing everyday investors to participate in their massive growth. Now, companies like Uber and Airbnb debut on the stock market at sky-high valuations, leaving little room for the average investor to profit. Worse still, the concentration of wealth has enable…
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