Squarespace raises $38.5M from Index Ventures and Accel Partners
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Squarespace raises $38.5M from Index Ventures and Accel Partners
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Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#2Who is squarespace and why is it here?
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#3Who is squarespace and why is it here?
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#4I can't help but wonder what their BHAG is for all this money. It seems like it's got to be an awfully big target.
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#5Squarespace are offering a great service. Is it a bad sign for my aspirations as an entrepreneur though that I don't know how I would spend that much money on a business like that?
I'm guessing a lot would go on infrastructure if they do the hosting themselves?
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#6Squarespace are offering a great service. Is it a bad sign for my aspirations as an entrepreneur though that I don't know how I would spend that much money on a business like that? I'm guessing a lot would go on infrastructure if they do the hosting themselves?
Sales sales sales. And maybe acquisitions.
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#7Square space is a website building platform with included hosting.. it appears their going to charge $30/month for a plan that allow people to build sites that include the functionality of collect data (forms)
$8/mo gives you 1 gb with 75gb bandwidth and you use their sub domain
$14/mo give access to having up to "250 users" (email subscription?) and custom URL
$20/mo , $30/mo and $50 really just up the futures to any feature you could create yourself with the $20/month package that includes HTML injection points..
a mash up of woofoo, website builder and hosting...sold to people who probably will never need the 75gb of bandwidth of the first plan..
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#8Squarespace are offering a great service. Is it a bad sign for my aspirations as an entrepreneur though that I don't know how I would spend that much money on a business like that? I'm guessing a lot would go on infrastructure if they do the hosting themselves?
Sales sales sales. And maybe acquisitions.
Yeah, I'm guessing they could end up surpassing all to become the CMS of choice for large corporations with their awesome in browser editor.
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#9I can't help but wonder what their BHAG is for all this money. It seems like it's got to be an awfully big target.
Agreed. It suggests a significant change in business model.
You're not going to exit for half a billion dollars making sites for $8 a month for a bunch of SMEs.
Wild guess: they will make it all free, ramp up acquisition until they are a competitor to Wordpress hosted (et al), and then figure it out from there, Twitter-style.
Re: Squarespace raises $38.5M from Index Ventures and Accel Partners
#10Jeez. The offer must have been really attractive.. otherwise why would Squarespace need all that money? Don't say servers.
Conversely, why would VC's throw in so much money into this business? I just can't see the exit strategy. Who can you name off top of your head that could potentially acquire them at a few multiples? I can't.
[Edit] This is just a web design operation, only difference is that the customers get the CMS login. hehe