Clickpass (YC S07) is being acquired | Hacker News Reader

Clickpass (YC S07) is being acquired

blog.clickpass.com

84 pointsjbenz22 comments

Thanks for the kind comments guys. We're really excited about the outcome, SynthaSite's a great company and doing some very cool things. Thanks to both the YC network and all the readers of Hacker News for your support

congrats again peter :)

I've never heard of SynthaSite before. It looks really slick. However, I'm a little wary of absolutely free. Free hosting? No ads? Unlimited? I guess I'm a little wary. What is SynthaSite's business plan?

Congratulations to both companies!

1. Build something great 2. Monetize it 3. Profit

This area, free website builders, has a rather established business model. See Weebly and some competitors with more aggressive payment plans.

Ok, but then it's not "absolutely free" - it's "absolutely free - for now". So either their main selling point is a lie ("100% FREE - No Hidden Fees" != "We'll charge you once we figure out our business model"), or we're back to square one on this question: How will they make money?

Could you expand a bit on the "Monetize it" part?

It's a South African product. The CEO is Vinny Lingham [http://www.vinnylingham.com/], although he lives in the valley now.

This is a concern for a customer. If you don't see how the company is making money, how can you be confident they will be around long? Especially for a product like a website you don't want to bother moving elsewhere if the company goes belly up.

Congratulations. Price tag?

Synthasite raised 5 million and has valuable stock so everyone can make their own guess.

Everyone is more risk averse in a down economy and it is truly an honor to go out like a pro. Congratulations Clickpass.

Why is their stock valuable? What's the business model that's going to make their stock worth owning?

I'm guessing that shares in synthasite were a large part of this transaction. Otherwise, this will probably be a "undisclosed amount".

Nice! I love Clickpass. It's so neat and is the one startup I tell my non-geeky friends about.

Wonderful! The only thing I'm left wondering are the nitty-gritty details. Are they allowed to divulge those?

Congratulations guys, get those black t-shirts on!

grats! I use clickpass everyday (mostly because my startup supports clickpass and login to it via Clickpass). I've never heard of synthasite but if CP says they're cool I trust them.

synthasite is competitor in the same segment in which weebly and jimdo operates. Good move for synthasite. isnt it?

Many congrats to Peter Nixey. Great news.

Congrats to Peter, et al.

Wow, congrats guys!

Congrats, Peter!

congrats clickpass!!!

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