> “The roadmap is the same. I just think we might be able to do it in five years instead of ten,” Mullenweg said. I tried to hunt for why the investment was taken and this is all the article mentions. It just doesn’t make sense to me. I’m guessing that competition is heating up and they need marketing fuel to keep people on the platform while they transform it from a duct taped blogging tool to something more flexibl…
Automattic raises $300M at $3B valuation from Salesforce Ventures
61–70 of 127 posts
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#62Earlier quoted context omitted.
The "middle ground" you speak of has not been ignored, and in fact has seen an explosion in "visual builders" to compete with the like of Wix. Example: We use Divi (the theme), which is what we call a theme "framework" (not like Genesis) that allows almost any design & layout. This differs from most themes that typically have 1 or a handful of layouts that you must not stray too far from. While Divi offers pre-baked…
Thing is, Divi isn't something that your typical Wix / Squarespace user is going to consider when they look at WordPress.
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#63DHH isn't too thrilled about this. > “We want every website, whether it’s e-commerce or anything to be powered by WordPress” is a nasty, monopolistic goal. Listening to Matt muse about 85% marketshare dreams is a real downer. But $300m is a down payment on monopoly dreams. full thread: https://twitter.com/dhh/status/1174695189090308096
Guess he must hate Acquia is well? Not sure why DHH always has to be such a... downer.
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#64> “The roadmap is the same. I just think we might be able to do it in five years instead of ten,” Mullenweg said. I tried to hunt for why the investment was taken and this is all the article mentions. It just doesn’t make sense to me. I’m guessing that competition is heating up and they need marketing fuel to keep people on the platform while they transform it from a duct taped blogging tool to something more flexibl…
Where it's possible, I'll always invest in product and engineering over marketing (specifically external ad spend). The Tumblr acquisition is a good example of that, we actually scaled back WP.com marketing in anticipation of that to give more room to bring on Tumblr's entire 200ish-person team. 90%+ of our growth is organic, and that percentage is going up.
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#65> “The roadmap is the same. I just think we might be able to do it in five years instead of ten,” Mullenweg said. I tried to hunt for why the investment was taken and this is all the article mentions. It just doesn’t make sense to me. I’m guessing that competition is heating up and they need marketing fuel to keep people on the platform while they transform it from a duct taped blogging tool to something more flexibl…
It’s the laser focus of a proprietary platform vs open source. Since wix and company are now adding market places and other functionality to there core it should be interesting.
I think they’re moving in the right direction, but it’s hard with all the legacy cruft. I’m in the process of learning WP modules (my goal is to move an open studios over as a plug in)
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#66https://www.reddit.com/r/asktrp/comments/bn5gse/what_happene...
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#67Does anyone else see a misalignment between the $3B valuation and the huge impact Wordpress has had on the internet? 1/3 of all websites are powered by Wordpress, yet they seem to be valued low compared to other tech companies.
Linux powers most of the web servers on the internet. The Linux Foundation is not worth billions of dollars. All of those servers run on Intel chips. Maybe some AMD. Even combined, companies like Google and Amazon, who would be nothing without those chips, are worth more than the companies that make their chips. And electricity! Our electric companies aren't worth a penny compared to these huge tech companies. That's…
IBM paid billions of dollars for Red Hat.
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#68Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#69Does anyone else see a misalignment between the $3B valuation and the huge impact Wordpress has had on the internet? 1/3 of all websites are powered by Wordpress, yet they seem to be valued low compared to other tech companies.
My understanding is that Automattic owns WordPress.com and not WordPress.org. i.e: You can be in Automattic business and make a dev team larger than them that develop the core WordPress. They don't rule WordPress the open source product but just are a company that made it.
Re: Automattic raises $300M at $3B valuation from Salesforce Ventures
#70> “The roadmap is the same. I just think we might be able to do it in five years instead of ten,” Mullenweg said. I tried to hunt for why the investment was taken and this is all the article mentions. It just doesn’t make sense to me. I’m guessing that competition is heating up and they need marketing fuel to keep people on the platform while they transform it from a duct taped blogging tool to something more flexibl…
Where it's possible, I'll always invest in product and engineering over marketing (specifically external ad spend). The Tumblr acquisition is a good example of that, we actually scaled back WP.com marketing in anticipation of that to give more room to bring on Tumblr's entire 200ish-person team. 90%+ of our growth is organic, and that percentage is going up.