Squarespace has nearly doubled revenue to over $1 billion since 2020, but is still reporting a net loss. Read: https://lnkd.in/ees_PK3D
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Hurry up and Wait. There are days that I sit and watch the rain fall. I cannot make the rain stop nor do I want to. This morning I just finished the website for Texas Deck & Fence (www.txdaf.com), one of my companies. This is the third iteration for TXDAF. I am improving, thank you Chris Ferris, PhD. The most difficult part of being a small business owner is learning to be patient. When I launched TXDAF (www.txdaf.com) last summer I was excited and nervous. We went live with the company and within 2 weeks there was a torndao that stuck the neighborhood, jackpot I thought. We had an initial spike in activity and revenue, and then the hot summer kicked in. Twelve-hour days at 115-degree with 95% humidity had me questioning everything. Here I was, a Rice Business - Jones Graduate School of Business MBA, with 17 years of experience conducting business around the world, working in the hot sun, building decks and fences. My website was not working most of the year, I was caught in a transition period from Google to Squarespace (Google sold its Domain business). I learned to develop websites in Google, then I had to relearn in Squarespace. I had to start over. The best part of the transition period was that I was given time. I leaned into the business. I was given a runway to create TXDAF digitally. I learned about the power of social media. I devoured everything I could get my hands on about SEO, Digital Marketing, and Pricing. I learned how to improve my business, both the physical and the digital versions. You see, the startup life is a lonely place; a head full of ideas, but only one person capable of bringing them to life. Sure, given buckets of money, I could have outsourced all of these tasks, but I burned that cash years ago. I wanted to kick this week off differently, I am proud of the little company I created, who knew that one day I would be the guy that builds decks and fences. Community, I present to you: Texas Deck And Fence, the digital version, www.txdaf.com. Drop a comment to let me know what you think.
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Breaking News - SquareSpace is going private. Why is that important? ➔ This will affect the privacy of the online consumer business industry and here’s more details… Jaw-dropping $6.9 billion deal: Permira, Squarespace has shifted to private ownership. Market: Squarespace holds a whopping 44.27% market share in the site-builder arena. Influence: It powers 3 million live websites, which accounts for 2% of all sites worldwide. Hosting: Claims a 14-15% in e-commerce platforms. 🤫 Reasons for Going Private-> Squarespace mentions it will “offer the company flexibility and resources,” which sounds promising but somewhat vague. 🔥 Hot Take Privacy Concerns-> There's chatter that companies like Squarespace go private to freely utilize your information. Stepping away from public markets means Squarespace isn’t as compelled to divulge details about its business maneuvers. So, by going private, is this really a win for consumer-based websites? Drop your thoughts below! #Squarespace #WebDevelopment #Ecommerce #ConsumerBrand
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Squarespace, in a landmark move, has announced its acquisition of all assets belonging to Google Domains, encompassing the transfer of approximately 10 million domains. The transaction is on track to conclude by the third quarter of 2023. Under a mutual agreement, Google and Squarespace will oversee the transfer of Google Domains' assets. During the transition phase, Google Domains will gradually wind down its operations. Anthony Casalena, Founder & CEO of Squarespace, expressed enthusiasm about this development: 'We are exceptionally proud to be chosen as the trusted provider for Google Domains customers. Domains are a pivotal component of web infrastructure and a vital element in every business's online presence. We eagerly anticipate serving our new customers with the same dedication that has benefited millions through our domain products, ensuring a seamless transition. . . . . . #digitalmarketing #digitalmarketingagency #digitalmarketingcompany #Squarespace #GoogleDomains #Acquisition #BusinessNews #DomainTransfer #WebInfrastructure #OnlinePresence #TechIndustry #Q3Closure #DigitalTransition #AnthonyCasalena #WebDomains #DomainMarket #DigitalAssets #SquarespaceGrowth
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Counting down the days until you jet off somewhere sun-soaked? Imagine how good it’ll feel knowing that, by the end of the summer, you’ll have a brand-new, SEO-optimised and conversion-focused website, all for 20% off! If you’ve been considering investing in a new website, but have been putting it off, don’t wait any longer – our 20% off deal only lasts until the 31st August. This deal expires in two weeks. Click the link below to get your discount. https://bit.ly/3qxJXQn #websitedesign #websitedevelopment #websitedesignandbuild
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Last year, Flo and I sunk £4,000+ & 4 entire months on a series of failed launches And consequently nearly called it quits on our web design business. For a bit of context: After barely making it through a period of disorganised and disheartening client drought We invested almost all of our savings in a promising coaching course Our coach guaranteed ‘meetings on autopilot’ by teaching us how to build a call booking funnel that runs in your sleep. Fabulous idea. Executed poorly. We spent months trying to fit their cookie-cutter approach and to this day haven’t received a single booking from their system. We learnt a very important lesson: Trust your gut. Only you know what is best for your business. If you don’t think something is working… If you’re not aligned with your messaging… Don’t just listen to someone because they brand themselves as an expert. Once again, we found ourselves at a crossroads. Should we keep on going? Or has this whole f*ck up been the nail in the coffin for Field Digital? In the midst of desperately trying to figure out if we had one more move left in us We got an idea. For a service that would put an end to years of tumultuous income and the relentless client chase. But we had no money. And limited knowledge of how to properly pivot our business to execute this strategy. We knew we’d be competing against the biggest names in our industry, ones with 15+ years of experience and multi-million dollar investments. But we had something, We had time. So, we activated hermit mode. We moved back in with our parents. And started figuring out how we could launch ✨ A Website Template Service ✨ All from our childhood kitchen table. We wholeheartedly believe ‘everything in seasons’ And this season has all been about creating something sustainable for us & our clients. From the outset, our vision was clear We didn’t want to just launch ‘another website template’ We’re not in this game to 👉Get a few downloads 👉Make a bit of passive income 👉And move on to the next thing We want to disrupt the website template industry, and we can’t wait to take you along with us The waitlist is now open & the countdown is on 12 days to go ⏱️
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Signed up my first agency partner with StagingPro last week which was great 📝 After speaking with so many companies and agencies over the last 12 months, I found they all had common pain points so our solution was a great fit for them to recommend to their BigCommerce clients. Stay tuned over the next few months to see the partners we are working with and the great work they have done using Staging Pro to transform and streamline their clients development. P.S - One of the biggest challenges we resolved, was not being able to create a full replica on their BigCommerce sandbox 😲 Let's talk 🔊 #stagingpro #migration #staging #development #bigcommerce
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On June 15, 2023 Google announced the $180M deal with Squarespace to sell 10.1M domains. What does that mean for the customers? And Will you be impacted by the transition? In our latest article we delve into the details of the deal and share the most common questions we received from our clients. Link in the comments. #business #techindustry
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If you have Squarespace stock in your portfolio, it’s time to cash out — whether you want to or not. On Monday, Squarespace announced it was acquired by Permira, a private equity firm based in the UK, in an all-cash deal valued at $6.9 billion. As a result of the acquisition, Permira will take the company private. Squarespace is a popular website builder and hosting company founded in 2003 and went public on the stock market in 2021. According to BuiltWith, which provides comprehensive technology usage data for online platforms and websites, more than 3.3 million websites powered by Squarespace live on the internet. This ranks Squarespace as the second most popular website host service in the U.S., right behind Shopify. (Note: WordPress is not ranked on this list because many of the hundreds of millions of websites using the popular CMS are self-hosted and not using WordPress’ hosting service.) According to the press release, Squarespace stockholders will receive $44 per share, which puts it at a “premium of 29% over the 90-day volume weighted average trading price of $34.09.” Mashable Light Speed Tech going private Readers are likely used to tech companies going public over the years. This has long been a goal of many software companies, social media platforms, and other tech-related services. Reddit, for example, just recently went public earlier this year. However, a new trend seems to be emerging in tech: Some are taking these companies in the opposite direction and going private. For example, Elon Musk infamously overpaid for Twitter, now known as X, and took the company private in late 2022. As TechCrunch points out, Permira has also been involved in other recent “take-private” deals, such as when it acquired Zendesk for $10.2 billion in 2022 along with San Francisco-based private equity firm Hellman & Friedman. In the past two months alone, private equity firm Thoma Bravo acquired the cybersecurity company Darktrace for $5 billion and the event management software company Everbridge for $1.8 billion and took both companies private. As for where Squarespace is headed, Permira will keep its CEO and founder, Anthony Casalena, so users who create and host their websites with the company shouldn’t expect too much of a difference — at least in the near future. var facebookPixelLoaded = false; window.addEventListener('load', function(){ document.addEventListener('scroll', facebookPixelScript); document.addEventListener('mousemove', facebookPixelScript); }) function facebookPixelScript() { if (!facebookPixelLoaded) { facebookPixelLoaded = true; document.removeEventListener('scroll', facebookPixelScript); document.removeEventListener('mousemove', facebookPixelScript); !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?
Squarespace to go private in $6.9 billion takeover
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VdoCipher | E-learning & Content Creator Economy | Anti-piracy | Video Player | Talks on Mental health, Meditation & Yoga
🎂🚀 As VdoCipher marks its 8th anniversary on October 15th, I would like to share two pivotal moments in our journey, moments that could have been potential death moments but turned into stepping stones for our growth. 1. Cash Issues in 2018 💸 >>In 2018, after three years of dedicated work and an initial boost of revenue and investment from our angel investor; VdoCipher found itself in a dangerous situation. Stagnant revenue at INR 12 lacs per month and consistent losses (though not large) meant our bank account held just INR 25 lacs in April 2018, supporting a team of five. Debt from our investors was our lifeline. But when pushed to the brink, you can find the strength to fight back. We took several steps to turn the tide: -Customer-Centric Approach: We got closer to our customers, attending workshops on sales and marketing, and meeting different kinds of people face to face. -Digital Transformation: We revamped our online marketing and partnerships, attracting more traffic and generating more leads. -Accessible Pricing: We introduced temporary campaigns with discounted pricing, reducing friction for customers to start using VdoCipher. - Team Wellbeing: A happier work environment was crucial, so we moved to a better office space. Over time, we also started doing more company outings. >>Results - Our efforts paid off. In just 1.5 years, we managed to repay the loan, and soon after that, we achieved profitability. 2. Technology gets outdated 📺 So, We had launched our first player using Adobe Flash technology. Many of you might remember Adobe flash, it was a popular plugin technology used on gaming and video websites. We continued it for 2 years before browsers and Adobe decided to shut down Adobe Flash. Thankfully, we got to know this well in advance, about 12 months ahead. But we had to really work around the clock to have a substitute that worked well. We had to shift to HTML5 DRM-based playback technologies before Flash was shut down fully. This not only required considerable effort from our engineering team but also a lot of communication from the business team to get certain licenses. >>Results - With our team efforts, we were able to easily navigate this change to HTML5 from Flash, and our customers also saw a very easy transition. Eventually customers not only just transitioned to a new security system, but they also got a better video player with a better viewer experience. So, we are very proud of our team for pulling us out of this situation. #VdoCipherAnniversary #AdaptandThrive #Resilience #SuccessStory #StruggleStory VdoCipher Media Solutions
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