Click here to show or hide the menubar.

Home >  Archive >  2010 >  July >  14

Previous / Next

$38.5 million for Squarespace
By Dave Winer on Wednesday, July 14, 2010 at 1:32 PM.

A picture named mrPuck.jpgYesterday Squarespace, a NYC-based developer of blogging software, announced they had raised $38.5 million in venture capital. That's a huge amount. This is a company that competes with Automattic and SixApart.  permalink

What a shocker, so totally from left field. permalink

It seems to me they have to be doing more than blogging software. Wouldn't it be cool if they were launching a competitor to Twitter and/or Facebook, from a NY base? It would be really cool to have an aggressive tech company based here. permalink

What is that much money good for? Seems it must be for buying servers and people to keep the servers running. It's the kind of money you use to fund a rapid expansion. It's the kind of money that creates the need for $100 million in a year, or less. permalink

Anyway, I don't know very much about Squarespace, but now I want to know more. permalink

BTW, I was walking along Houston St yesterday and took a picture of an interesting building with a distinct gold statue on the side. I even uploaded the picture to Flickr and pushed it to Twitter. Turns out that's the building where Squarespace is headquartered. Energy vortexes and all that! :-) permalink

Update: I just heard privately that a lot of the money went to the founder. Gulp. That's a lot of cash. Not confirmed, at all. permalink

RSS feed for Scripting News
This site contributes to the community river.

© Copyright 1997-2012 Dave Winer. Last update: Wednesday, July 14, 2010 at 1:53 PM Eastern. Last build: 8/26/2012; 5:50:34 PM. "It's even worse than it appears."

RSS feed for Scripting News

Previous / Next