Grew by 3.4 employees per day last year. Can only imagine the challenges there in onboarding, maintaining culture and direction, etc.
Snap Inc. S-1
141–150 of 337 posts
Re: Snap Inc. S-1
#142Earlier quoted context omitted.
Is it not possible to build your own "alternative in the market" for $2 billion?
In my opinion, it's highly unlikely that you could match Google's hardware for $2 billion ever, much less in 5 years. Keep in mind that Google's revenue in 2015 was $75 billion. Their hardware and software know-how is fundamental to their ability to make this kind of revenue, so you better believe they're investing more than a measly $400M per year (Snap's $2 billion over 5 years) back into their hardware. This Snap…
Key point: You dont have to match all of their hardware nor all of their software - just what you are utilizing and some of that could be done from existing open source projects - Snap certainly does not utilize every piece of hardware in existence for Google Cloud Platform
Re: Snap Inc. S-1
#143Earlier quoted context omitted.
It is absolutely possible to build a stellar internal alternative to Google's offerings in 5 years with 2 billion dollars. edit: I should point out that this doesn't account for ramp-up. It would obviously take awhile before things would be to a point where it would be even comparable.
Oracle is spending way more than 2 billion dollars on its cloud team in an attempt to catch up to AWS, GCP, and Azure. Would you consider Oracle's cloud endeavor a fair test of how able a company is to reproduce GCP's offering with a fistful of money?
Oracle is offering external services, that is a huge differentiating factor
Re: Snap Inc. S-1
#144"We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market." There's some numbers for you that Google wouldn't have provided (as far as I have seen).
They're likely using Google's state of the art Vision/Speech API etc.
Re: Snap Inc. S-1
#145Earlier quoted context omitted.
158M DAU is not bad, but I would guess they are to some extent limited by the amount of iOS and Android devices in circulation? How are they going to get that number to 300M, or 500M? My best guess is they won't, ever.
They are hardly limited by that. There were over 1 billion active iOS devices globally according Apple Q1 2016 report [1]. Android has even more. [1] http://www.theverge.com/2016/1/26/10828134/apple-earnings-re...
Just a few ideas: on iOS, the app requires at least iOS8. I dare bet more than half of those active devices won't be running at least iOS8.
Second, you also won't convert 50% of those iOS users to use one app. Just not going to happen.
Do you honestly see Snapchat growing to 300 or 500 million DAU?
Re: Snap Inc. S-1
#146It's great to see both founders ( Evan and Bobby ) ended out with equal shares, both at 21.8% of Common A Stock. The history is pretty interesting, and as always there is a possible 3rd founder. https://techcrunch.com/2013/07/31/spiegel-murphy-say-alleged...
Spiegel gets an extra 3% for the IPO.
Re: Snap Inc. S-1
#147"We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market." There's some numbers for you that Google wouldn't have provided (as far as I have seen).
Is it not possible to build your own "alternative in the market" for $2 billion?
Two options. Companies can focus on cutting costs (roll their own infrastructure), or focus on expanding revenue. Snap clearly should and is in expanding revenue mode.
Re: Snap Inc. S-1
#148"We have committed to spend $2 billion with Google Cloud over the next five years and have built our software and computer systems to use computing, storage capabilities, bandwidth, and other services provided by Google, some of which do not have an alternative in the market." There's some numbers for you that Google wouldn't have provided (as far as I have seen).
Is it not possible to build your own "alternative in the market" for $2 billion?
Not a businessman but who says its all about the infra. buy vs. build. It allies them with Google. It gives arguably the most powerful co. in the world a stake in Snap' growth and success.
Re: Snap Inc. S-1
#149Re: Snap Inc. S-1
#150Fate will be similar to the Twitter stock