LOLCats... Yes, you can haz $30m
blogs.wsj.com
LOLCats... Yes, you can haz $30m
1–10 of 27 posts
Re: LOLCats... Yes, you can haz $30m
#2What bubble?
Re: LOLCats... Yes, you can haz $30m
#3What bubble?
I don't see why everyone's so skeptical of this.
How is this any different than other social sites? Basically what they're doing is crowd sourcing humor and that seems like a better plan than a lot of other startups I've seen.
Give the huge audience potential (who doesn't like a good laugh?) and their proven record of success (3 years) it doesn't seem like a terrible investment to me.
Re: LOLCats... Yes, you can haz $30m
#4What bubble?
Oh, we're doing this again? I'll just link to my response to the ICHCB bubble-bobble-heads a couple days ago: http://news.ycombinator.com/item?id=2114899
Re: LOLCats... Yes, you can haz $30m
#5What bubble?
[deleted]
Re: LOLCats... Yes, you can haz $30m
#6What bubble?
I had to double check to make sure it wasn't me who made that comment.
Re: LOLCats... Yes, you can haz $30m
#7What bubble?
I don't see why everyone's so skeptical of this. How is this any different than other social sites? Basically what they're doing is crowd sourcing humor and that seems like a better plan than a lot of other startups I've seen. Give the huge audience potential (who doesn't like a good laugh?) and their proven record of success (3 years) it doesn't seem like a terrible investment to me.
Some of us will never be able to really accept the idea that $30m isn't a metric shitload of money, for anything, let alone a faddish humour website.
Whenever I see these numbers I can't help but think about how much food you can buy for $30m. I know economics is obviously more complex than that, building wealth helps the world etc. but I still find it impossible to get over this. Just being honest.
Re: LOLCats... Yes, you can haz $30m
#8What bubble?
Ah, the classic "Holier than thou" attitude of some technical people. 375 million pageviews a month, between ads and merchandise sales I'd be really surprised if they make anything less than 7 figures a month in revenue. Hate the company if you wish, but investing in them is far from an indicator of a bubble, in my opinion.
Re: LOLCats... Yes, you can haz $30m
#9What bubble?
But they're already profitable and have a proven business model (gain attention, sell it to advertisers). I have serious doubts about their ability to make good use of $30MM, but I don't think it's vaporware, either. This could be a case of smart founders taking liquidity in an era of cheap money.
Re: LOLCats... Yes, you can haz $30m
#10Earlier quoted context omitted.
I don't see why everyone's so skeptical of this. How is this any different than other social sites? Basically what they're doing is crowd sourcing humor and that seems like a better plan than a lot of other startups I've seen. Give the huge audience potential (who doesn't like a good laugh?) and their proven record of success (3 years) it doesn't seem like a terrible investment to me.
Some of us will never be able to really accept the idea that $30m isn't a metric shitload of money, for anything, let alone a faddish humour website. Whenever I see these numbers I can't help but think about how much food you can buy for $30m. I know economics is obviously more complex than that, building wealth helps the world etc. but I still find it impossible to get over this. Just being honest.
It's true that lolcats could be viewed as "faddish", but if so, it's a very long-lived and popular fad.
Guess what a long-lived and popular fad is? A gold mine, at least for a while...