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Snapchat Seeks to Raise as Much as $4B in IPO

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Re: Snapchat Seeks to Raise as Much as $4B in IPO

#121
I tried to get back into snapchat last week. "Surely they've made the Android app usable by now."

Why is the android app so trash? Why is the UI so convoluted? I want to like and use snapchat because clearly everybody is "getting" something that I'm not, but I genuinely cannot figure out the UI or take more than a few pics without the thing crashing.

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#122

I tried to get back into snapchat last week. "Surely they've made the Android app usable by now." Why is the android app so trash? Why is the UI so convoluted? I want to like and use snapchat because clearly everybody is "getting" something that I'm not, but I genuinely cannot figure out the UI or take more than a few pics without the thing crashing.

Asking genuinely here, but what exactly is 'convoluted' about it for you individually?

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#124

Earlier quoted context omitted.

The engineering community is sleeping on Snapchat, but shouldn't be. My life is AR. I'm the CEO for an AR company, I speak write and live and breathe all things AR. Snapchat is poised to be the most important AR company around for several reasons. 1. They have a MASSIVE userbase that is comfortable with sharing their lives 2. That userbase has already shown an interest in AR - and yes whether you like it or not their…

I'm inclined to agree. I was very bearish on Snapchat around the time they rejected the Facebook offer. But more than any other app right now, Snapchat is killing it with users. This is a what a product users love looks like. On top of that, I've been consistently impressed with their technological prowess, even if the AR component seems somewhat inconsequential to me right now. You better believe Snapchat is gunning…

I'm bullish too, but any comparisons to Facebook are lazy. Snapchat and Facebook are completely orthogonal (the closer competition is Instagram, owned by FB, and Snapchat, but even then I would argue it is lazy to say they are direct competitors, ignoring the Instagram Stories product).

For better or worse Facebook is a piece of social infrastructure and utility. Everyone has Facebook. All the groups I know of are organized through Facebook. All of the events. And so on.

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#125
post #86

Earlier quoted context omitted.

FB really made it when the captured the old people. The issue is the the 12-20 years are quite mercurial. 15 years ago it was AIM,MSN, Yahoo chat, then myspace, then facebook. Now its snap chat and instagram. Its hard to keep the market since when you get friend request from Mom or Dad do you really want to be in that social network anymore?

I don't think 12-20 year olds are that mercurial, it's just a small age range, so in 8 years it will be an entirely new group of people. Fifteen years is nearly two full lengths of that duration, so it's no wonder that AIM/MSN/Yahoo aren't in use by the current 12-20 year olds. It's only very recently that I (a 29 year old) finally phased out AIM in favor of other channels. Once you capture a social group, it's fairl…

That's the very definition of mercurial. In 8 years it'll be a new cohort with new tastes.

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#126

Earlier quoted context omitted.

That was Twitter's playbook and I thought Twitter wasn't doing so well recently...I'm not saying massive amounts of users isn't valuable, but you still need to play it right.

Twitter is massively profitable. It makes billions in advertising. (for every $1 twitter make, it spends $2, so their accounting is deep in the negative. But if they fire half the people (who are useless anyway) and stop spending money like madmen, they'll be positive, VERY POSITIVE. thanks to advertising revenues.)

Well I'm sure those are the reasons why Google pass on :)

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#127
post #80

Earlier quoted context omitted.

Snapchat already makes like 700 million in revenue. (edit: jk they hope to make 300 million and then hope to do much more than that by 2017) The real question is "do all these companies buying ads actually make a return on investment" and the answer is DOESN'T MATTER! Lots of ad dollars still to move away from older methods into digital media lol Maybe there will be a Netflix documentary in the year 2027 about what c…

I mostly agree with you, but you're off by about an order of magnitude (±0.5) on Snap's revenue numbers. They did about $60 million in 2015, and were projecting 4x that for this year. Source: http://www.bloomberg.com/news/articles/2016-05-26/snapchat-r...

whoops

yeah they're extrapolating to do 4x of this year's theoretical revenue numbers in 2017

I'm not even mad, this is amazing

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#128

When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?

The engineering community is sleeping on Snapchat, but shouldn't be. My life is AR. I'm the CEO for an AR company, I speak write and live and breathe all things AR. Snapchat is poised to be the most important AR company around for several reasons. 1. They have a MASSIVE userbase that is comfortable with sharing their lives 2. That userbase has already shown an interest in AR - and yes whether you like it or not their…

Can you elaborate a bit on how they use SLAM? I was my (mis?)understanding that SLAM required a pre-existing map. If this is true what are the source of the maps? Are the maps built from previous users's snaps?

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#129

Earlier quoted context omitted.

Twitter is massively profitable. It makes billions in advertising. (for every $1 twitter make, it spends $2, so their accounting is deep in the negative. But if they fire half the people (who are useless anyway) and stop spending money like madmen, they'll be positive, VERY POSITIVE. thanks to advertising revenues.)

Well I'm sure those are the reasons why Google pass on :)

They can't buy first and fire people afterwards. The cleansing would have dire effect on the alphabet parent company.

Re: Snapchat Seeks to Raise as Much as $4B in IPO

#130

When a company like Uber is raising insane amounts of money I think to myself - "ok, they're working on vehicle automation and other ambitious projects, it makes sense". When a company like snapchat is looking for 4B in addition to existing funding I am left completely dumbfounded. Can someone please explain why they would need this much cash?

The engineering community is sleeping on Snapchat, but shouldn't be. My life is AR. I'm the CEO for an AR company, I speak write and live and breathe all things AR. Snapchat is poised to be the most important AR company around for several reasons. 1. They have a MASSIVE userbase that is comfortable with sharing their lives 2. That userbase has already shown an interest in AR - and yes whether you like it or not their…

Is the reason AR benefits from billions of photos of the real world a secret, or is there something you can point to to read about that? I'm intrigued :)

Also, you probably know better than me, but to me it looks like the beauty filters are the ones that have really stuck for Snapchat. If I'm right and their users only really care about filters that make them look better, does that affect your outlook at all regarding their users showing an interest in AR?

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