You know when you hear about a lot of insane valuations and your jaw sort of drops in disbelief? I feel the opposite when I think about Pinterest. My immediate reaction here is "yeah, makes sense." I guess it must stem from my marketing agency days. I had SO MANY clients begging me to get them into Pinterest ads when they released. I also sit at home and see how much time my wife spends on the site and how dedicated…
> "Seems like a no-brainer that this one is going to end up crossing the IPO finish line at some point" On what planet is an IPO the finish line ?
Pinterest Raises $367M at $11B valuation
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Re: Pinterest Raises $367M at $11B valuation
#42Earlier quoted context omitted.
No, it doesn't make sense. You've explained Pinterest as a marketing company that happens to have 70+ million willing participants. Now explain to me how in the context of the human race, being able to push a product to those 70+ million users is worth EDIT: about as much as SpaceX. Just because it makes sense in the current model doesn't mean it makes sense.
You want him to explain the entire global economy in a comment thread? That seems a little unreasonable. What's the actual substance of your complaint? Are you worried that Pinterest can buy Armenia? It can't. Are you just offended that two not-very-comparable numbers are X > Y instead of Y > X? That doesn't seem like a big deal to me. Are you complaining that Armenians are poor? That's perhaps a big deal, but we don…
Re: Pinterest Raises $367M at $11B valuation
#43This seems like an amazingly high valuation for a company that basically does digital scrapbooking.
Re: Pinterest Raises $367M at $11B valuation
#44You know when you hear about a lot of insane valuations and your jaw sort of drops in disbelief? I feel the opposite when I think about Pinterest. My immediate reaction here is "yeah, makes sense." I guess it must stem from my marketing agency days. I had SO MANY clients begging me to get them into Pinterest ads when they released. I also sit at home and see how much time my wife spends on the site and how dedicated…
No, it doesn't make sense. You've explained Pinterest as a marketing company that happens to have 70+ million willing participants. Now explain to me how in the context of the human race, being able to push a product to those 70+ million users is worth EDIT: about as much as SpaceX. Just because it makes sense in the current model doesn't mean it makes sense.
https://www.cia.gov/library/publications/the-world-factbook/...
Tbh, the fact that the advertising value of a company in the first world is worth that much is kinda silly imo. However, it makes your target unclear. Is it the fact that Armenians are so poor per capita?
Re: Pinterest Raises $367M at $11B valuation
#45You know when you hear about a lot of insane valuations and your jaw sort of drops in disbelief? I feel the opposite when I think about Pinterest. My immediate reaction here is "yeah, makes sense." I guess it must stem from my marketing agency days. I had SO MANY clients begging me to get them into Pinterest ads when they released. I also sit at home and see how much time my wife spends on the site and how dedicated…
Re: Pinterest Raises $367M at $11B valuation
#46Re: Pinterest Raises $367M at $11B valuation
#47Re: Pinterest Raises $367M at $11B valuation
#48Earlier quoted context omitted.
No, it doesn't make sense. You've explained Pinterest as a marketing company that happens to have 70+ million willing participants. Now explain to me how in the context of the human race, being able to push a product to those 70+ million users is worth EDIT: about as much as SpaceX. Just because it makes sense in the current model doesn't mean it makes sense.
Misleading comparison. Armenia's GDP is the estimated economic worth produced annually by Armenia. Pinterest's valuation relates to the economic value produced by Pinterest for all future years, not annually.
Imagine what the $11 billion one would spend to purchase Pinterest could do in other areas, such as the developing world, our inner cities, public infrastructure. That's the point. Is that up front enough and leading you in the right direction, or am I still being misleading?
Put another way, why do we value an online marketing tool at $11 billion and people efforting some real change like feeding starving children have to struggle for a meager five figure grant? And why are people here so hell-bent on feeding into it and silencing people like me who just have questions about it? Am I the only one that has ethical questions about spending my engineering career contributing to a market that values image distribution to push products and fuel consumerism at about the same order of magnitude as SpaceX?
You can look at me with a straight face and say that Pinterest deserves to be valued at $11 billion for what, its user count? Its potential to open up new revenue streams for advertisers? Same with Snapchat, same with Instagram. I feel like our priorities are broken, and that's all I'm saying, and as much as all of my comments are flirting with being grayed out, it feels pretty hopeless and depressing to be the only one, apparently.
Re: Pinterest Raises $367M at $11B valuation
#49You know when you hear about a lot of insane valuations and your jaw sort of drops in disbelief? I feel the opposite when I think about Pinterest. My immediate reaction here is "yeah, makes sense." I guess it must stem from my marketing agency days. I had SO MANY clients begging me to get them into Pinterest ads when they released. I also sit at home and see how much time my wife spends on the site and how dedicated…
> "Seems like a no-brainer that this one is going to end up crossing the IPO finish line at some point" On what planet is an IPO the finish line ?
Re: Pinterest Raises $367M at $11B valuation
#50Earlier quoted context omitted.
I think Pinterest is way more valuable than Dropbox. They have a great product, very large dedicated user base, and a very clear path to monetization.
Isn't Pinterest more like del.icio.us in the sense that if something better comes along they are screwed? I understand that Facebook is hard to replace because you need to get everyone to migrate. Does that apply to Pinterest?
I'd say Pinterest has a few strong things in its favor: 1) it benefits from network effects, beyond anything Delicious saw; 2) people accumulate value in their use of the site, to leave is to abandon that effort; 3) they have a national (early global) brand, whereas most people never heard of Delicious 4) they dominate a demographic that is extremely valuable in line with their monetization plans, Delicious had nothing like it 5) Delicious was founded in 2003, the Pinterest scale potential in 2015 is drastically larger, with mobile opening a global audience of a billion potential users
It's also worth noting that bookmarked web sites rot, disappear, etc. Being able to visually go back and look at concepts, ideas, inspiration - is far more useful over the long haul (eg after three years of content accumulation as a user).