11–20 of 337 posts
This is total bs. $54 million in revenue with an $18 billion valuation? I understand investing in the "future value" of companies, but this shit is getting out of hand, lol.
Their demograph is just graduating high school. They will be very valuable in the future.
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.
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…
This is total bs. $54 million in revenue with an $18 billion valuation? I understand investing in the "future value" of companies, but this shit is getting out of hand, lol.
only logical thing is founders taking a load of money off the table
Having your messages disappear was kinda cool, but they're starting to ease up on that a little (you can re-view some snaps, always possible to screenshot the app to save the picture). The whole dog-face, barfing rainbows thing is getting tired now, everyone knows how these work, it's nothing special any more. They have some sponsored content, but the user is under no obligation to view it.
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'"
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.