Formspring Shuts Down

#1

Post by briankim » Fri, Mar 15, 2013, 11:01 PM UTC

Formspring Shuts Down
techcrunch.com

Re: Formspring Shuts Down

#2

Post by gilesvangruisen » Fri, Mar 15, 2013, 11:22 PM UTC

It's about time!

Re: Formspring Shuts Down

#3

Post by mattryanharris » Fri, Mar 15, 2013, 11:25 PM UTC

I'm really not surprised, Formspring was around when I was in high school and to be honest I stopped using it after day 3 because it got boring and there was nothing too interesting about it.

Re: Formspring Shuts Down

#4

Post by unreal37 » Fri, Mar 15, 2013, 11:37 PM UTC

Formsprint raised $14 Million? I'd like to see that business plan.

Re: Formspring Shuts Down

#5

Post by Mahn » Fri, Mar 15, 2013, 11:48 PM UTC

unreal37 wrote: post #4

Formsprint raised $14 Million? I'd like to see that business plan.

You do remember Instagram was bought for $1 billion having generated exactly 0 revenue, right?

Re: Formspring Shuts Down

#6

Post by antidaily » Sat, Mar 16, 2013, 12:15 AM UTC

mattryanharris wrote: post #3

I'm really not surprised, Formspring was around when I was in high school and to be honest I stopped using it after day 3 because it got boring and there was nothing too interesting about it.

Thanks for being honest.

Re: Formspring Shuts Down

#7

Post by renanbirck » Sat, Mar 16, 2013, 12:17 AM UTC

Whoa, it was still alive? I thought all the cool kids had migrated to Ask.fm.

Re: Formspring Shuts Down

#8

Post by skore » Sat, Mar 16, 2013, 12:39 AM UTC

Mahn wrote: post #5

unreal37 wrote: post #4

Formsprint raised $14 Million? I'd like to see that business plan.

You do remember Instagram was bought for $1 billion having generated exactly 0 revenue, right?

I also remember them having pretty much exactly a bazillion more users than formspring.

That is to say: the evaluation of a business plan is a completely different horse than the price at which a company is purchased later on. The former says is "we'd really like it to get to X". The latter says "we actually made it to Y".

Re: Formspring Shuts Down

#9

Post by pbreit » Sat, Mar 16, 2013, 12:53 AM UTC

skore wrote: post #8

Mahn wrote: post #5

Earlier quoted context omitted.

You do remember Instagram was bought for $1 billion having generated exactly 0 revenue, right?

I also remember them having pretty much exactly a bazillion more users than formspring. That is to say: the evaluation of a business plan is a completely different horse than the price at which a company is purchased later on. The former says is "we'd really like it to get to X". The latter says "we actually made it to Y".

Well, actually Instagram had around 30 million users at the time of acquisition and according to the linked article Formspring also had around 30 million users at one point.

Having said that, I never used Formspring and didn't know anyone who ever had.

Re: Formspring Shuts Down

#10

Post by skore » Sat, Mar 16, 2013, 1:21 AM UTC

pbreit wrote: post #9

skore wrote: post #8

Earlier quoted context omitted.

I also remember them having pretty much exactly a bazillion more users than formspring. That is to say: the evaluation of a business plan is a completely different horse than the price at which a company is purchased later on. The former says is "we'd really like it to get to X". The latter says "we actually made it to Y".

Well, actually Instagram had around 30 million users at the time of acquisition and according to the linked article Formspring also had around 30 million users at one point. Having said that, I never used Formspring and didn't know anyone who ever had.

> Having said that, I never used Formspring and didn't know anyone who ever had.

Yeah, lies, damn lies and statistics ;-) I rarely ever saw a formspring Q&A that was bustling with activity while it was quite the opposite for Instagram. Not sure I like that, though, but I guess that's human nature.

They claim 4 billion posts - would be interesting to see the Q to A ratio.