It has billions of pageviews per month. I think that makes you more than $10 million. It's a top 50 website. With the right management (which it doesn't have), it could be THE community site on the web.
What's the pageview to dollar exchange rate again? That's bubble talk, honestly.
I realize you are being sarcastic, but in all seriousness it depends on the site.
Newspapers sold ads based on circulation for over a hundred years. TV shows sell on ratings. Why would valuing websites on the same basis be a bubble?
Many successes are based around 'luck' - or more accurately capitalising on it when it comes your way. I know my business has continuously evolved over the years and people have often used the term 'lucky' for me. I find it irritating when people say that someones success is purely down to luck - I'm sure that there were a lot of decisions that were made that contributed to their success here, as that's what it is
sorry for not being clear: not the people running OMGPOP were lucky, the investors were, they just couldn't have known how things turned out to be. When they invested in the initial round my guess is that the idea behind the startup and the business ideas were completely different from what the company represents now
OK, appreciate you coming back on it. I still think the same thing goes - the investors invest in people they believe are winners - whether its YC or Sequoia. Anyway, my take on it is that luck happens (both bad and good) and its what you do about it that counts. You can grab the good luck and run with it or you can fight back as hard as you can when bad luck strikes, or... you can take it and blame 'bad luck' for your failure
This acquisition demonstrates the wisdom of investing in people rather than products. A good team will be flexible and have the ability to take advantage of small pieces of success and build them into hard-won 'luck'.
Being lucky requires the ability to see when you've been handed an advantage and the tenacity to step into and exploit a lucky situation.
sorry for not being clear: not the people running OMGPOP were lucky, the investors were, they just couldn't have known how things turned out to be. When they invested in the initial round my guess is that the idea behind the startup and the business ideas were completely different from what the company represents now
Yc invests in people.
if you are an investor and you don't have a look at the team behind an ambitious and promising idea you will soon run out of money, this is nothing Yc-specific.
edit: ok, another try, people don't like the word "luck" so let's call it a hail mary pass :)
reddit was one of the most undervalued sales of all time.
Was it? They're not exactly rolling in profits seven years after launch.
Reddit couldn't monetize its way out of a wet paper bag full of money.
It's like every effort to try and introduce revenue is taken timidly, like some nervous kid trying to ask out a girl on a first date only to shy away before saying anything. Seriously? You have billions of page views. Figure it out.
Was it? They're not exactly rolling in profits seven years after launch.
because they are very concerned about annoying/destroying the community. in the hands of a purely profit-oriented company they would make enormous amounts of money and milk the site until its demise a couple of years in
the reddit hivemind HATES being monetized with a fierce passion, unless they feel they're actually getting something invaluable in return they will complain about even the tamest of ads
It has billions of pageviews per month. I think that makes you more than $10 million. It's a top 50 website. With the right management (which it doesn't have), it could be THE community site on the web.
What's the pageview to dollar exchange rate again? That's bubble talk, honestly.
Reddit is huge. I'm as skeptical of bubble metrics as the next guy, but if their owners sold reddit today they would reap a huge profit.
What's the pageview to dollar exchange rate again? That's bubble talk, honestly.
I realize you are being sarcastic, but in all seriousness it depends on the site. Newspapers sold ads based on circulation for over a hundred years. TV shows sell on ratings. Why would valuing websites on the same basis be a bubble?
Newspapers and TV shows have well-established advertising systems, unlike websites. And Reddit hardly even monetizes itself.
What's the pageview to dollar exchange rate again? That's bubble talk, honestly.
Reddit is huge. I'm as skeptical of bubble metrics as the next guy, but if their owners sold reddit today they would reap a huge profit.
That's a "bigger fool" investment, as in, if you're foolish enough to invest in a business with no feasible way of profiting enough to justify the investment, it doesn't matter because an even bigger fool would profitably buy the business. Which is exactly what bubbles are made out of.