Live data from Hacker News

Snapchat Said in Funding Talks With Alibaba at $10B

bloomberg.com

31–40 of 57 posts

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#31
post #5

Earlier quoted context omitted.

What would differentiate 11main (or any other Alibaba property) from offerings in the US? Amazon probably has quite a few people locked in with Prime and their Kindle devices (I know I wouldn't switch e-book providers) so I wonder what exactly would 11main do better?

Amazon has slowly been raising prices, so Alibaba could come and undercut prices but where Amazon has it's best advantage I think is in it's lightning fast delivery. Something that takes more time and infrastructure to compete with.

Absolutely correct --

The little known secret - products on amazon are often more expensive than found elsewhere. They charge a 15% - 30% commission fee per item sold, so majority of retailers raise their prices when listing on amazon. The category my company sells in has a 20% commission fee, so we raised pricing by 25%, and our volume of sales on amazon was not effected.

If you find a product you want, and a decent price on amazon -- try googling the seller's name/brand and see if their website comes up... the same item will likely be there cheaper.

We've found that people trust the amazon platform so much, they get blind to pricing. Most also don't realize they are not buying from amazon directly - but often a 3rd party seller. Most large sellers don't use the FBA either (where amazon warehouses your products for you, for a fee).

Also, recently amazon changed their minimum commission structure -- to be a $1 minimum for any product sold under $6. This effectively destroyed the penny book sellers, as well as many other industries that sold cheap but high-volume products (like my company does). So... now we've changed to sell more quantity per unit sold on amazon (case/pack sizes). So now, effectively there are no "cheap" $6 or less products on Amazon.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#32
post #15

I don't understand this valuation - it's makes no sense to me. Can anyone explain how SnapChat could be worth even a fraction of this? Where is the value in SnapChat's user base, future blackmail? It's not like someone using SnapChat is in the appropriate state of mind to follow any ads in the app. I don't get it...

I think it's based on the expectation that at some unspecified date in the future Snapchat will find a way to make an unspecified amount of money via an unspecified method.

Commonly referred as:

Step 3: ???

Then step 4 is: Profit!

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#33
Alright, I really can't take it anymore. Is there any good literature explaining why users of Snapchat are worth this much? From my limited perspective it seems a lot of the services valued so highly for their user base have an incredibly hard time generating revenue from those users, particularly from short lived services like Snapchat. I keep seeing "promise" and "expectation" but what are those things when you're talking money? I read on NBC News estimates put the number of users at 50-70 million. What kind of ad revenue can you expect from that many users in an app where interactions are short lived on a single screen? What would be the conversion rate on IAP?

I'm extremely skeptical this company could be worth this much. 10 billion / 70 million is $142 dollars per user. (Supposedly this metric means something as FB paid $42 per user for Whatsapp?)

Not to mention, how does a company with the leadership this company has get valued this highly? I would think when the Controversy heading takes up 70% of your Wikipedia page that would negatively impact your business, obviously this is having the exact opposite effect though.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#34

I don't understand this valuation - it's makes no sense to me. Can anyone explain how SnapChat could be worth even a fraction of this? Where is the value in SnapChat's user base, future blackmail? It's not like someone using SnapChat is in the appropriate state of mind to follow any ads in the app. I don't get it...

Perhaps their evaluation isn't based on their profits, but how much value they can remove from other well established businesses? If they steal users from other platforms, like Facebook, then SnapChat is worth the amount of money Facebook is losing.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#35
post #33

Alright, I really can't take it anymore. Is there any good literature explaining why users of Snapchat are worth this much? From my limited perspective it seems a lot of the services valued so highly for their user base have an incredibly hard time generating revenue from those users, particularly from short lived services like Snapchat. I keep seeing "promise" and "expectation" but what are those things when you're…

Perhaps a future user has to tap the promoted snap before it deletes in order to "find out what happens next" or "get a coupon code." This would make the CTR (if that is what you could call it) of the sponsored snaps high, but you're still trying to convert teenagers.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#36
post #2

My company has already created an 11main.com (Alibaba's first US ecommerce website) account and setup a significant amount of our catalog. The site is still in private invite only -- but hopefully will go public soon. We expect Alibaba to come into the US on a storm. They are huge - they have capitol, and they can afford losses in the hundreds of millions per quarter just to compete with Amazon (and snuff out part of…

Amazon didn't post a $800m loss last quarter. They estimated next quarter a loss between $400-$800m (mainly for employee stock compensation)

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#37
post #33

Alright, I really can't take it anymore. Is there any good literature explaining why users of Snapchat are worth this much? From my limited perspective it seems a lot of the services valued so highly for their user base have an incredibly hard time generating revenue from those users, particularly from short lived services like Snapchat. I keep seeing "promise" and "expectation" but what are those things when you're…

For investors, controversy is seen as meaningless (and sometimes as a good thing) unless it's hurting the business. In the case of Snapchat, it hasn't. As for making money, one shouldn't judge their ability to do so based on how the product looks today. More than half of Facebook's revenue now comes from mobile, a product that they only perfected a year ago.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#38

I don't understand this valuation - it's makes no sense to me. Can anyone explain how SnapChat could be worth even a fraction of this? Where is the value in SnapChat's user base, future blackmail? It's not like someone using SnapChat is in the appropriate state of mind to follow any ads in the app. I don't get it...

My theory is that no data on snapchat's servers has been deleted. Once they hit 100 million users they will have a shyamalan-esque reveal where all their users' photos will be posted publicly on a website for all the world to see except for the users who pay $9.99 per month FOR THE REST OF THEIR LIVES (insert dramatic gasps here) to keep their photos from being revealed.

Aside from such a scheme, I just don't see the valuation as warranted. I could stomach a billion and maybe two, but this is just selling to the greater fool at this point.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#39
post #27
post #25

Ok, who wants to create the next chat app?

Everyone. And that will be the problem. Just be prepared for a bunch of "think Snapchat, but for ..." or "Snapchat meets ..." proposals in the coming months / year.

I can already see the craigslist "entrepreneur" billion dollar ideas...

"It's like snapchat, but for dogs!"

Of course as the "coder" you will only get 1% equity.

Re: Snapchat Said in Funding Talks With Alibaba at $10B

#40

I don't understand this valuation - it's makes no sense to me. Can anyone explain how SnapChat could be worth even a fraction of this? Where is the value in SnapChat's user base, future blackmail? It's not like someone using SnapChat is in the appropriate state of mind to follow any ads in the app. I don't get it...

Just like how 37Signals is worth $100bn. https://signalvnoise.com/posts/1941-press-release-37signals-...

That post was mocking Facebook's valuation at the time. Now we know how wrong they were.
Post reply on HN