Squarespace: a $10 billion valuation

Squarespace has raised $300 million in a round of funding that values the company at a staggering $10 billion valuation.

New backers include Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc. and Spruce House. Existing backers Accel and General Atlantic also participated... More here.

WTF! That's crazy for a service that offers 2 or 3 designs (joking), high pricing and a sense of snobbery throughout the process. This doesn't add up...