Is it just me or did they just make their site require you to register to view it now? http://pinterest.com/
Edit - Interesting. If you do a google search for something like "Pinterest Cake" you can get past the registration.
Pinterest Completes $200M Funding at $2.5B Valuation
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Re: Pinterest Completes $200M Funding at $2.5B Valuation
#42Always great to hear about success coming from humble beginnings: Pinterest used Hacker Dojo as their primary workspace in late 2009, and hired both of their first two engineers from the Dojo's membership. Source http://www.hackerdojo.com/InvestinStartups
That is a great recognition for Dojo, maybe Dojo should showcase successful entrepreneurs/developers that have been active Dojo members.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#43Is it just me or did they just make their site require you to register to view it now? http://pinterest.com/ Edit - Interesting. If you do a google search for something like "Pinterest Cake" you can get past the registration.
I noticed that today too, I don't like when sites force behaviors like that. Groupon used to be the biggest offender, Quora still use these tricks.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#44Earlier quoted context omitted.
I thought the problem with Pinterest was that "intent to buy" was actually really low compared to other traffic sources. I know its an old article, but has anything come out contradicting it? http://www.forbes.com/sites/jjcolao/2012/07/13/new-data-show...
This is just one data point, but my mom and I run a cooking blog that makes a decent amount of money from the Amazon affiliate program, and people from Pinterest definitely come to her site with an intent to buy. Given how much money we making from Pinterest visitors, it doesn't seem crazy to think that they could figure out a way to monetize their user base.
My girlfriends makeup site embraced pinterest in early 2012 which resulted in gradual traffic growth from females who have been strong contributors and buyers.
I feel its more saturated now but still a great platform to leverage.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#45I do not understand how the company is being valued at 2.5B. It doesn't look like even the business accounts at Pinterest have any type of fee associated with them. How do they make money? Or is this valuation most likely based on the possibility of making money down the line? EDIT: According to this post, http://news.ycombinator.com/item?id=5254498 , it seems like it is based primarily on potential revenue from data…
They said the same thing about Instagram when it was purchased by Facebook for $1 billion. I'm starting to think that's not a good metric.
It depends on your criteria. Many people on here like to discuss sustainable businesses. Being acquired prior to reaching profitability is obviously a huge hit for the entrepreneurs, but it's irrelevant to the other conversation.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#46The "where is the revenue?" line is tired when talking about Pinterest. Unlike sites like Instagram and Facebook it's pretty obvious they can start making a shitton of money at any time. The biggest question is how sustainable this product is. People focusing on revenue for a product like Pinterest are missing the point: I would want the company to be focused on growing the user base, not toying around with revenue models at this point.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#47The "where is the revenue?" line is tired when talking about Pinterest. Unlike sites like Instagram and Facebook it's pretty obvious they can start making a shitton of money at any time. The biggest question is how sustainable this product is. People focusing on revenue for a product like Pinterest are missing the point: I would want the company to be focused on growing the user base, not toying around with revenue m…
What is their path to making a "shitton" of money? I don't know, I am really asking.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#48Can someone shed light on how Pinterest and Instagram can be worth billions? But Reddit is only worth 400m?
If you accept that facebook was worth $100 billion, and if you accept that instagram was a credible threat to facebook, then it follows that instagram was perhaps worth 1% of facebook. Reddit is not facebook's or google's threat so its valuation is not based on a big company's valuation.
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#49The "where is the revenue?" line is tired when talking about Pinterest. Unlike sites like Instagram and Facebook it's pretty obvious they can start making a shitton of money at any time. The biggest question is how sustainable this product is. People focusing on revenue for a product like Pinterest are missing the point: I would want the company to be focused on growing the user base, not toying around with revenue m…
What is their path to making a "shitton" of money? I don't know, I am really asking.
They have purchase intent up the wazoo. They could cut a rev share deal with one or two of the big vendors easily. They could add paid placements. They could cut affiliate deals on behalf of their curators. They could add a payments system for people to directly purchase items they browse on Pinterest. Etc etc
Re: Pinterest Completes $200M Funding at $2.5B Valuation
#50How do they make the evaluation evaluation, when they don't earn anything? I would imagine it is hard to put a number on a user on their site, when they dont generate any income?