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Why We Should Tell Our Students to Turn Down the $3 Billion

http://ajjuliani.com/why-we-should-tell-our-students-to-turn-down-the-3-billion/

by ajjuliani • 13 years ago

3 2 13 years ago

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hobs• 13 years ago

I am definitely one of those people who dont "get" snapchat. But as far as I can tell, running a social messaging service is not a long term business with the way the internet iterates currently.

Wouldnt it make more sense to take the 3 bils and start the business with more meaning and a longer term outlook?

joeldidit• 13 years ago

They should turn down the $3 billion, yes. Unless what they've built is only worth 1/10th to 1/100th of that. If they reject such lofty valuations, rather than a small 10-20% bump, then they've been made into fools. There's a difference between selling out and making out.

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