Clickpass (YC S07) is being acquired

[jbenz]

http://blog.clickpass.com/2008/12/19/clickpass-is-being-acquired/

[petenixey]

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

[dhouston → petenixey]

congrats again peter :)

[mdasen]

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!

[pistoriusp → mdasen]

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

[jimbokun → mdasen]

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.

[kf → mdasen]

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.

[swombat → kf]

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?

[nir → kf]

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

[rokhayakebe]

Congratulations. Price tag?

[kf → rokhayakebe]

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.

[swombat → kf]

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

[brandonkm → rokhayakebe]

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

[s_baar]

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

[Shamiq]

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

[ian]

Congratulations guys, get those black t-shirts on!

[PStamatiou]

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.

[morbidkk]

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

[RichardPrice]

Many congrats to Peter Nixey. Great news.

[aston]

Congrats to Peter, et al.

[abstractbill]

Wow, congrats guys!

[gaborcselle]

Congrats, Peter!

[savrajsingh]

congrats clickpass!!!