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Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

investors.squarespace.com

221–230 of 414 posts

Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

#221
post #137

> 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?

Wait until you get Domain Backed Securitization.

Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

#222

Earlier 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%.

It’s “a premium of 15% over Squarespace's closing share price of $38.19 on the NYSE on May 10, 2024,” the last business day before the buyout was announced.

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

#223

Earlier 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…

That might work for small businesses, but no real mid-sized or bigger company is going to be using Whatsapp or any other consumer messaging service for their critical or non-critical business communications. It just screams unprofessional. You’re not going to see Meta employees do business over WhatsApp, and it’s their product.

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

#225

Earlier 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…

[deleted]

Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

#226
post #210

Earlier 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.

Its supposedly a mandatory five day wait after you initiate the transfer with the code. I had to contact support since the transfer code button wasn't making any requests to their server despite the modal saying it did.

Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

#227
post #224
post #137

> 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.

That seems about right? I use Netlify to deploy my own 11ty static site, and it costs $19/month, plus there's no WYSIWYG editor like Squarespace.

Re: Squarespace to Go Private in $6.9B All-Cash Transaction with Permira

#228
I'm worried -- and perhaps over-reacting here. To me, this leads to a question: "Why should a company go public at all?"

The 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

#229
post #140

Earlier 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…

Do you happen to remember what the handful of issues were?

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

#230
post #63

Earlier 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…

[flagged]

I think the argument is that companies take longer to go public because of increased regulations due to the whole Enron thing.
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