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

investors.squarespace.com

331–340 of 414 posts

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

#331
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.

I'm really unsure if that is unreasonable. We can do it for cheaper. But we are not the target market. For someone that would be buying a set up and even occasional updates and so on it is not that much money... That is what 300 a year? So not too many billed hours...

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

#332

Squarespace was my first experience with a hellish technical interview process back in 2014. I went through like 4 initial screens/take-home assignments for a {something} Analyst role that was considered entry level. I eventually gave up, and from that moment on, I hated Squarespace as a company. These take home assignments weren't even relevant for the role, yet they thought it made sense to inject it into the proce…

Some companies use interviews processes not to test your knowledge but to check the level of inhumanity you’re willing to accept while working there

I always understood it as an artificial way to reduce the applicant pool. Too many people apply, you just want to make it annoying to keep a number of people you have capacity to review in depth.

It’s really shitty, of course.

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

#333

Earlier quoted context omitted.

I feel like making it easy to how your own website is something that can be solved with an ingress service (Tailscale funnel?) + DNS management and a small box that someone buys and leaves in their living room. It doesn't have to require any technical expertise, you just need to build a lot of things to make it that way.

I’ve thought about making my own homepage to replace my instagram/fb and share my life with my friends, but how would anyone find it? I guess I could email everyone and tell them. I’ve wondered if there is a way I could easily get that to the top of Google for my name, but there are a few famous people with my name.

does it make sense to have a "social" network that in essence is _only_ a directory? looking up someone works well, and links to some external site. full stop

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

#335

Earlier quoted context omitted.

Yes. Private equity likes cash making business machines.

Ah, but stock market investors also like cash making business machines. If private equity is able to outbid the stock market, they must have spotted a way they can extract more value. Sometimes that's by raiding the pension fund and cranking up prices. Other times it's a distressed business and better management can turn it around. Neither is exactly good news for customers.

The market care more about growth

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

#336
post #327

Squarespace was my first experience with a hellish technical interview process back in 2014. I went through like 4 initial screens/take-home assignments for a {something} Analyst role that was considered entry level. I eventually gave up, and from that moment on, I hated Squarespace as a company. These take home assignments weren't even relevant for the role, yet they thought it made sense to inject it into the proce…

Stock price up ~88% over the last two years and just valued in an all-cash deal at $6.9B. Yup, they’re right on the verge of that demise.

This is some serious cherry-picking. It's going private at a price below the initial IPO price of $48 from 3 years ago, and has generally significantly underperformed other tech stocks.

They might not be about to die, but they're not exactly healthy either.

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

#337
post #122
post #69

Earlier quoted context omitted.

> It was announced in mid-2023 The Squarespace acquisition of Google domains was announced, yes. I don't recall seeing anything about Squarespace immediately going private and being beholden to an investment firm showing up in those emails. > Feel free to migrate your domains somewhere else. Thanks for the permission, that's exactly what I and I'm sure many others are about to do. Too bad the timing of this announcem…

Oh wow, did they actually do this as a registrar transfer (rather than by Squarespace stepping in as Google Domains' sucessor)?

It was temporarily the latter, as far as I was aware - I got out as soon as they announced it and migrated to CF. But yea basically, and it's going about as well as you'd expect it to.

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

#338

Earlier quoted context omitted.

I transferred 6 domains to porkbun and it was about 2 days to get the code and 5 days to transfer. Mostly painless, but DNS records were not copied over. I tried to see if I could manually copy them over in advance, but I got an error with porkbun. I probably didn't know how to do it correctly, but I needed up with a couple minutes of downtime. I don't remember having to do anything when I went from namecheap to goog…

I'm migrating to Cloudflare You can setup alternative nameservers first, they clone current DNS settings, then you update nameservers. Do the transfer after. This worked while they were at Google Domains and about to be transfered. Haven't tried with squarespace yet, but it ought to work

Thanks, I will try that next time I have to migrate.

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

#339

Thanks to Google, I’m now a Squarespace customer… Does anyone have a new favorite domain registrar? I miss being able to search the search capabilities of Google Domains, specifically the exact match and TLD-specific filtering.

Porkbun

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

#340
post #77

The gold rush is over - private equity is going to squeeze every little drop from the companies that have been built and we will move on to Web 3.0 - which will be just like web 1.0 - self-hosting, link directories, newsletters, and guestbooks.

As much as I'd like to see a web 1.0 revival, this won't happen. The traffic is controlled by Google and social networks. Most people don't have the skills needed to run their own website. A lot of valuable content is created by people without these sorts of skills.

How hard is it come up with community run maker spaces supported by the city for putting such things together? Not every thing has to be owned by large private companies.
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