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There's been a bunch of apps out there that have taken off and completely surprised me. But I can't think of another succes that makes me feel out of touch more than a 20B valuation for what launched as "the app that sends disappearing images". Kudos to the team though. Evan and Co, seem to have made a lot of very smart decisions in growing this business.
It's been much more than only disappearing images for a while.
Earlier quoted context omitted.
Isn't this what people said about Facebook when they were at this stage? I feel as though that has failed to materialize, and their new demographic is "relatives over 50 desperate to appear 'hip'"
I'm wondering if it's a coincidence that facebook's revenue was 18 billion last year...
Evan: "I'm coming for you, you know you'll have to buy it all sooner or later, try not to insult me with your next offer!"
Zuck: "In your dreams kid!"
I know that I don't "get" venture capital, but is Snapchat even profitable (or close to) yet? If not, and it's going to take nearly 2 billion more to get there, do they really have a product that will ultimately return value? It's the cynic in me, but by a series F, and needing 2 billion, this feels like the sort of funding where early investors are propping the valuation of Snapchat in order to sell off to someone l…
They probably don't need 2 billion but can grow faster by making use of this money instead of going for some aggressive monetization. I don't get why everyone acts like Snapchat is unable to monetize the platform — they just don't want to if they don't need to yet.
Earlier quoted context omitted.
Their demograph is just graduating high school. They will be very valuable in the future.
People growing up will not be using Snapchat, for the exact reason you stated.
There's been a bunch of apps out there that have taken off and completely surprised me. But I can't think of another succes that makes me feel out of touch more than a 20B valuation for what launched as "the app that sends disappearing images". Kudos to the team though. Evan and Co, seem to have made a lot of very smart decisions in growing this business.
1. http://www.slate.com/articles/technology/technology/2015/01/...
I know that I don't "get" venture capital, but is Snapchat even profitable (or close to) yet? If not, and it's going to take nearly 2 billion more to get there, do they really have a product that will ultimately return value? It's the cynic in me, but by a series F, and needing 2 billion, this feels like the sort of funding where early investors are propping the valuation of Snapchat in order to sell off to someone l…
I've been using it for a few weeks to send a picture or two to the few people I know who use it, but it seems pretty limited. I follow a few "famous" people on it, and they basically just post random images of them walking around NYC or them traveling. I don't yet see the benefit.
Earlier quoted context omitted.
Their demograph is just graduating high school. They will be very valuable in the future.
Isn't this what people said about Facebook when they were at this stage? I feel as though that has failed to materialize, and their new demographic is "relatives over 50 desperate to appear 'hip'"
While Facebook may be less hip than it once was, the company now owns mobile (Facebook, Instagram, Facebook Messenger, WhatsApp). They would have loved to had Snapchat too.