Outside Facebook, Pinterest is the only app the my wife, and most of her friends, use. It's not a tech early adopter story. And it has obvious monetization given the taste graph its curating, and affiliate opportunities.
Pinterest Raises $100 MM at $1.5Bn Valuation
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Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#72Earlier quoted context omitted.
Delicious was far smaller than pinterest is today. And unlike pinterest, it did not have an excellent monetization option attached. Not really comparable.
Any sense of how big pinterest currently is?
A few months ago they had one board and auto followed all their users to it. That board had around 21M registered users. Comscore put them at 17.8M uniques in February.
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#73Earlier quoted context omitted.
So, pricing it around 1/10th the price for 1/17th the users is execessive, but it should be worth at least a billion, right?
All else equal, maybe. You know what screams "bubble" to me? Everyone defending valuations by comparing the company du jour to Facebook. It's like arguing that Webvan wasn't overvalued because Amazon.com has been successful. Unless a seriously meaningful connection between Facebook and Pinterest is drawn, the comparison is meaningless.
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Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#74Earlier quoted context omitted.
So, pricing it around 1/10th the price for 1/17th the users is execessive, but it should be worth at least a billion, right?
All else equal, maybe. You know what screams "bubble" to me? Everyone defending valuations by comparing the company du jour to Facebook. It's like arguing that Webvan wasn't overvalued because Amazon.com has been successful. Unless a seriously meaningful connection between Facebook and Pinterest is drawn, the comparison is meaningless.
Facebook's P/E is on par with Google's IPO P/E. So was Google a bubble company too?
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#75Earlier quoted context omitted.
I saw an interview with Gary Vaynerchuck in the Nordic eCommerce summit and one of the things that stuck out for me was when he said that "Pinterest sells more wine for them than Twitter and Facebook combined"
Is that like "my monthly revenues are 2000% month-over-month" when your total revenues are $200?
The thing is if your revenues are up 2000% month-over-month and you start with $200 the next month you have $4000, then $80,000 etc. Those are pretty nice numbers very quickly.
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#76Earlier quoted context omitted.
I imagine there is some of that involved but perhaps more importantly is the overall usage of the Internet by those people (i.e. time spent online, using mobile devices, etc)? On the people count front, Google's numbers show %-wise between 2006 and 2010 we went from 68.21% to 79.3% population wise (and population generally went up 4%) so there was a growth in the user base but not one to justify 40x growth in value o…
I think we may be talking about two different sets of numbers. It sounds like you're quoting GOOG's penetration into US (or OECD) total population. (I'm guessing from the percentages.) I'm saying that the aggregate number of people using the Internet has grown much, much faster. I don't have exact numbers handy, but it's certainly possible that the total Internet population has grown more than 100% over this period.…
Total number of people using the internet seems like a questionable metric for valuating U.S.-based internet startups, most of which (understandably given their business stage) focus primarily on the U.S. and maybe OECD for feature development, user base growth, and monetization. It's currently a bit laughable to imagine Pinterest monetizing their Nigerian and Indonesian user bases. Is there any particular datapoint that would lead us to believe their userbase significantly extends or will extend beyond the OECD?
It's like valuating a paper products company by the total number of people in the world. Sure, they all might be able to or even want to use a paper product, but what's important when making the call is the company's ability to sell to them while still making money.
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#77Fascinating! I'm interested to see if Rakuten's Kobo purchase and Pinterest investment are parts of a longer-term, bigger-stakes game.
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#78So essentially, if you can create a community with enough followers, referrals and photos you can make a billion dollar company. They suggest Pinterest will use the money to expand internationally. What does this mean? Buy infrastructure internationally or just pursue overseas advertisers? If anyone is interested in building Hacker News with photos get in contact.
> Hacker News with photos
Already been discussed two years ago: http://news.ycombinator.com/item?id=1276030
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#79The justification for this frothy valuation is that somehow they will turn the browsers of pictures into buyers of products. It is a difficult task and wish them luck but I still don't understand why they would need $120 MM to accomplish it.
They need it to IPO or to sell to a bigger fool.
Re: Pinterest Raises $100 MM at $1.5Bn Valuation
#801.go to pinterest.com
2.make sure, you are not logged in.
3.search 'food'
With all the money they have raised, can't they figure out a solution to this most juvenile of spams!!!
It of-course doesn't matter since they still managed a $1.5BN valuation