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Snapchat raised $1.8B in a Series F round

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Re: Snapchat raised $1.8B in a Series F round

#171

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

Do you think making movies is "trivial" and not solving a "real problem"?

I don't think making movies is trivial. It has a large effect on culture and really at the end of the day, as humans, all we have that's uniquely ours is culture (for various broad definitions of the term). Think about how much Sci-Fi movies, novels, and similar ideas contributed to our drive to go to the moon - as a society, not just a country.

Snapchat affects culture, and really what's more powerful and impactful than that? It gives people an ability to tell their story in interesting ways. It gives people a platform for expression. You get a brief, unique glimpse into someone’s actual life from anywhere in the world. This ability to affect culture isn’t unique to Snapchat by any means, there are lots of things out there that affect culture in unique, interesting ways but I don’t think their effects can be understated or written off.

I think the crux of the issue is, people have a narrow definition of "solving problems". The "problem" has to be clear cut with a clear outcome otherwise it isn't a "real problem". But I don't agree with this type of thinking.

There's something Steve Jobs said in a talk that’s stuck with me ever since. Here’s the quote: “The most powerful person in the world is the storyteller. The storyteller sets the vision, values and agenda of an entire generation that is to come and Disney has a monopoly on the storyteller business. You know what? I am tired of that bullshit, I am going to be the next storyteller”.

The rest, as we all know, is history. And really, he has a point. Just look at Facebook’s effect on global culture. It’s incredible in its pervasiveness. We’ve entrusted the group of people building Facebook to drive this effect on culture at a scale we’ve never seen before. It’s a huge responsibility and they have to balance it with business interests which as you can image is very very hard.

But to write off something with such a large, global scale is incredibly short sighted. We underestimate the effects of these things on our lives greatly.

Look, I’m not a Snapchat shill by any means. I don’t even use the product that much. But I try to understand it, and part of understanding the product is understanding the impact. Put aside the nature of the product for a minute, forget that its a photo sharing app, though that is a simplification. Think about just the scale of the application. The scale is absolutely crazy and I’d venture to say that any product with that kind of scale, engagement, and usage patterns WILL have a large impact on culture. As a Software Engineer, that is incredibly exciting to me but at the same time I see it as a very unique responsibility. We need good people building these types of products who understand the full extent of the consequences of what they’re building. The alternative, is not great.

Now whether you think the people at Snapchat have these best interests at heart is a whole different topic of discussion, but I’m tired of people writing off these huge software phenomenon as “just a photo app with no value”. That’s a lazy sentiment and I’m calling you out on it buddy!

Re: Snapchat raised $1.8B in a Series F round

#172
post #153

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

It's not useless. It is actually the premier communication platform for emotional content at the moment. Think about that.

Premier communication platform for ephemeral thoughts and images that have no value even to their creators.

It makes no difference to me whether or not shapchat succeeds, just as it makes no difference to anyone whether or not you get their snapchat message.

Re: Snapchat raised $1.8B in a Series F round

#173

People need to stop focusing their criticism on how stupid the app is or how they're going to lose all their users. It's almost a meme by now of how people say this every time Snapchat is brought up. By now it's a foregone conclusion, and requires active ignorance and not really caring to keep an open mind, to continue to hold onto that belief in the face of tremendous evidence that 1) Snapchat is very popular, 2) Sn…

Perhaps it doesn't scale well, but their sponsored face filters seem to be getting a good reception. It's rare for people to find ads fun.

Fucking pissed me off to the max, actually. This week, they did X-Men lenses and REMOVED the face swap and picture swap features for the entire day. If I wanted to use lenses, it had to be X-Men for the whole day. What PM green-lit that shitty decision?

I closed Snapchat and didn't use it for the entire day. I'm boycotting the X-Men movie out of protest.

Re: Snapchat raised $1.8B in a Series F round

#174

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

What do you work on...? (It's relevant if you're going to say that Snapchat Software Engineers' problems aren't "real".)

I've worked on:

* Liver transplant protocols

* Military VR for PTSD therapy

* Early R&D for self driving cars

* Long range point to point wifi systems being used in Africa

* VR motion capture studio used in the most of the Marvel movies

* Built several prototype zero net energy homes

* Built several solar concentration array in Haiti with a team after the earthquakes

* Tidal energy generation prototypes

The list goes on.

Re: Snapchat raised $1.8B in a Series F round

#175

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

What about snapchat is useless? Or is this just typical "damn kids these days" speak? The app is an incredible form of communication, and there is a reason people prefer it to other mediums.

It's not useless, it's a nice, basic tool that's clearly a hit with users.

But it can never be that simple, can it? We got to grow! monetize! have another fundraising round! justify it all with increasingly complex features of progressively marginal utility that further dilute the core funcionality that made it so popular in the first place.

Imagine if HN were to succumb to this disease, it would be a travesty.

Re: Snapchat raised $1.8B in a Series F round

#176

1.8B. 1,800 Million, right? Stop me when the math goes wrong. Divided into bundles of 200k: 9000x. Let's say each member of a team costs 200k/yr. High for some, low for others, whatever. 1.8B dollars is enough money for a team of OVER NINE THOUSAND people. What... exactly is taking that much effort, here? What is this money fueling? I honestly boggle to imagine.

I suspect it's for a lot of other things: Advertising, technology (HW & SW), customer support, paying off initial investors, space, etc.

  > paying off initial investors
Here comes Charles Ponzi ...

Re: Snapchat raised $1.8B in a Series F round

#177

Earlier quoted context omitted.

Like I said, I am glad that those people have a sandbox to "interact" in. Do you honestly think that sandbox is worth $20b?

I think it's worth more, honestly. Probably $100-200B. That sandbox is a lot bigger than the sandbox you & I like to inhabit. The set of folks interested in technical programming & startup-related news probably numbers under 100K. I was an admin for a Harry Potter fansite in college that had 100K registered users, close to 1M when guests were counted, and we were far from the largest Harry Potter fansite. The set of…

$200B valuation with only $50MM in revenue... You must like bubbles, 'cause that's how you get bubbles.

Re: Snapchat raised $1.8B in a Series F round

#178

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

What about snapchat is useless? Or is this just typical "damn kids these days" speak? The app is an incredible form of communication, and there is a reason people prefer it to other mediums.

I don't necessarily think Snapchat is useless but I can't for the life of me understand why they need $1.8B or how they could ever efficiently use it considering how technologically simple the app is.

Re: Snapchat raised $1.8B in a Series F round

#179

Every single person here seems negative about Snapchat. I am 30+, use it occasionally, and see more and more of my older friends signing up. Especially those friends far away from the echo chamber. This fundraising feels smart for investors who want a great return and for the company to use to get to an IPO. If you don't use Snapchat, or haven't used it in a few years, it is probably time you take a second look.

[deleted]

Re: Snapchat raised $1.8B in a Series F round

#180

The only real value of Snapchat is that now I dont have to scroll past the innane content snapchat is used for on other social networks. Im not going to say snapchat is or isnt worth $20b. I am going to say that I am sad that so much energy and money is being thrown at such a trivial application. Im a software engineer, and i like solving real problems. I cant imagine working at snapchat and trying to motivate myself…

Do you think making movies is "trivial" and not solving a "real problem"? I don't think making movies is trivial. It has a large effect on culture and really at the end of the day, as humans, all we have that's uniquely ours is culture (for various broad definitions of the term). Think about how much Sci-Fi movies, novels, and similar ideas contributed to our drive to go to the moon - as a society, not just a country…

It isn't just a "huge photo app with no value", it is a well funded business that encourages trivial ephemeral communication so that is can gain access to your personal information and serve you ads.

Snapchat isn't an accident, it is a well engineered platform built by intelligent people. However it caters to the lowest form of communication that I can think of.

If Snapchat is having an effect on global culture, then god help us. The business itself may have a monetary value, based on its user base. Its product and its effect on communication is toxic, and should be viewed as the junk food of online communication.

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