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Secret raises $8.6 million Series A

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Re: Secret raises $8.6 million Series A

#41
post #9

I think investments like these which appear to be the most illogical are the most interesting for venture capital. The more people who thinks that investment seems solid the less likely it is to unearth something entirely new (perhaps a whole market). I agree that hype is a large part of this investment. But remember that hype is about 1000x as difficult to create than a product.

Hype is harder to create than a product? For what set of products?

Re: Secret raises $8.6 million Series A

#42
post #38
post #30

Earlier quoted context omitted.

Credentials and Education != talent and ability I'm judging Lady Gaga based on brief fragments of recent songs I heard. Of course she may be pulling a "Jay Leno", using talent to produce the mediocre garbage that the mainstream media likes to promote. Also, I DON'T use Facebook and Twitter. I never saw the point. Also, you're an IDIOT to build a web presence on Facebook, because then Facebook controls your ability to…

"I'm judging Lady Gaga based on brief fragments of recent songs I heard." Well, that seems fair.

I could never stand to watch her for more than 30 seconds, because she's so awful.

Re: Secret raises $8.6 million Series A

#43
post #42
post #38

Earlier quoted context omitted.

"I'm judging Lady Gaga based on brief fragments of recent songs I heard." Well, that seems fair.

I could never stand to watch her for more than 30 seconds, because she's so awful.

"I don't like it, therefore they are awful and untalented"

Re: Secret raises $8.6 million Series A

#44
post #39
post #35

Earlier quoted context omitted.

You realize that WhatsApp has hundreds of millions of dollars of revenue?

Remember, on HN "I and my friends don't use it" implies "that company can't possibly have revenues". Just look at any thread about Yahoo.

Or Microsoft.

Re: Secret raises $8.6 million Series A

#45
post #10

It's a beautifully designed app with tons of attention of detail to tiny little things. How the hell you monetize it to turn $8.6m in to an even bigger pile of cash is beyond me though. I guess that's why i'm not an entrepreneur.

It used to be that investors said "I want a part of the next Compaq". Then it was "the next Google". What this shows is that investors now want to be a part of the next Instagram or WhatsApp. They are literally throwing away the notion of profitability or monetization. Now the model is to get as popular as possible as quickly as possible. If you win that lottery Facebook or Google will sink BILLIONS of dollars into y…

The valuation is $50M.

Re: Secret raises $8.6 million Series A

#46
post #22
post #5

Hype = Money seems to be the take-away lesson to be learned.

Has that ever not been true?

Sadly yes. I just wonder how far to spin it. So rather than hiring good product people, designers and engineers - just build a company out of PR people and hype the shit out of something totally average?

Re: Secret raises $8.6 million Series A

#48
post #29
post #18

Anyone who's used the app can back me up when I say this: It is one of the most beautifully designed apps I've ever seen. Every interaction adds to the functionality. The balance of beautiful and functional is amazing. Sure, many of the interactions may have been done before in other apps, but it's the whole package that blows me away. The whole "LOL THEY AINT GON MAKE THE $$$$" is a tired argument. The more interest…

It's not an argument, it's a prediction. I welcome them to prove it wrong. Unfortunately when you take money from someone else, the conversation changes to how much money you're going to make from that initial money.

Secret is basically a news feed. I'm pretty sure news feeds have proven to be heavily monetizable.
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