The overwhelming support we have received has played a huge role in building momentum for Weebly and helping us achieve some significant business milestones. Moving forward, our goal is to continue executing against a growth strategy based on the development of easy-to-use web content creation services and a spending plan aligned with revenue.
San Francisco, Calif. (Vocus) November 3, 2008
Weebly, Inc., the leader in making web content creation easy for everyone, today announced that more than 1 million members have registered to use its online website builder. This milestone demonstrates the ongoing momentum that led Weebly to profitability at the end of the third quarter, 2008 and further validates the company's business model including multiple revenue streams from website domain sales, premium account memberships and shared revenue from its Google AdSense integration program.
"Weebly's focus on delivering the best possible website creation experience has resulted in a business model with sustainable revenue," said Ron Conway, partner, Baseline Ventures. "Weebly has done an outstanding job with business plan execution based on a disciplined strategy of controlled investment. Weebly's approach to reaching break-even cash flow sets an excellent example for other startup companies and reinforces the benefits of careful expense management. I congratulate the team on the company's progress."
Weebly offers an easy-to-use, online service that enables users of all experience levels to quickly create and publish content driven websites. Since it's launch in November 2006, more than 1 million members including consumers, small businesses, non-profit organizations, schools and universities have used Weebly's site builder to create thousands of websites that are viewed by a rapidly growing number of unique individuals each month. For example, in October 2008, approximately 11 million unique visitors viewed websites published with the Weebly service; this number represents 20% growth over the month of September and 55% growth over the month of August. Weebly credits its progress and rapid, organic growth to the support and loyalty of its members, who have helped build momentum for the service by simply referring other people to the weebly.com site.
"I'd like to personally thank our users for their loyalty, enthusiasm and especially their willingness to recommend Weebly to friends and family," said David Rusenko , founder and chief executive officer, Weebly, Inc. "The overwhelming support we have received has played a huge role in building momentum for Weebly and helping us achieve some significant business milestones. Moving forward, our goal is to continue executing against a growth strategy based on the development of easy-to-use web content creation services and a spending plan aligned with revenue."
About Weebly
Weebly is a leading provider of online services that make web content creation easy for everyone. Named one of Time Magazine's 50 Best Websites in 2007, Weebly's website builder empowers users of all experience levels to easily create and publish content driven websites in a matter of minutes. More than 1 million users including consumers, small businesses, non-profit organizations, schools and universities have registered to build websites using Weebly's service. Weebly was founded in 2006 and is headquartered in San Francisco, Calif. For more information visit: http://www.weebly.com .
CONTACT:
Lynne Cox
BlackBelt Strategies for Weebly
925-321-5285
lynne @ weebly.com
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