When I think of Snapchat's new potential $10B valuation, I am reminded of this

https://signalvnoise.com/posts/1941-press-release-37signals-valuation-tops-100-billion-after-bold-vc-investment

by ulfw • 12 years ago

10 4 12 years ago

wellboy2• 12 years ago

Why all the hate? Create a product that shares more images than any other technology in the whole world and you can have a $10B app, too.

EpicEng2• 12 years ago

The point is exactly that; the valuation is completely ephemeral without a demonstration that this business can actually make money. The user stats are great, but right now these guys are underpants gnomes trying to figure out how that crucial middle step. This company makes no money at all.

wellboy2• 12 years ago

Why do people not see that every single time, what is so hard to understand about that?

Twitter & Facebook didn't make no money at all either for the first 3 years even, now look at them. If you have millions and millions of users that use your product all the time, you will always make money. It's just a matter of when you turn monetization on, which Snapchat is already testing with sponsored stories.

When I think of Snapchat's new potential $10B valuation, I am reminded of this

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