- Nov 30, 2005
- 50,231
- 118
- 116
akahoovy
Golden Member
- May 1, 2011
- 1,336
- 1
- 0
76 posts in and I still have no idea what a Snapchat is.
KT
It's an app that lets you send pictures that have a limited viewing time after the picture is opened, at 10 seconds max. Then the app deletes the picture. It can be screen captured though. Can add text and stuff, and video. It's annoying as hell if you don't have the volume up for when someone sends a video and it starts playing, because then it's gone.
dainthomas
Lifer
- Dec 7, 2004
- 14,935
- 3,914
- 136
So much this.
I can't think of anything I couldn't do with that kind of cash, short of building my own hellicarrier.
- Nov 30, 2005
- 50,231
- 118
- 116
Ns1
No Lifer
- Jun 17, 2001
- 55,420
- 1,600
- 126
These tech startup guys think they are masters of the universe and have created something marvelous. They have a fad app that could become worthless in a years time, and I hope it does.
That's it? So an app that is probably mostly used for boob and peen pics is worth $3 billion?
thraashman
Lifer
- Apr 10, 2000
- 11,112
- 1,587
- 126
I know a surprisingly large number of people who use it all the time for just standard chatting. I don't get it. I have the app and I have not used it even once. I don't get the thrill of having to snap a pic of myself to send a chat message.
Apparently its all the rage in schools according to my wife (teacher). At least people are starting to catch on that you don't want certain photos or texts out there forever. Despite the flawed implementation its progress.
Valued by whom? These popularity based valuations are getting ridiculous as no one can seem to figure out the difference between the money they are generating, the money they could generate if everything goes according to the puppies and unicorns plan and what they will actually generate in reality.
Too many people hoping to get in on the ground floor of the next Google or Facebook and I'll bet we start seeing a lot of people lose money on gambles like these
M0oG0oGaiPan
Diamond Member
it's because they control the teenage market, which is huge and an area fbook is losing market share to.
It's a lose/lose situation. Facebook is losing market share and smaller apps are gaining at an increasing rate. Other apps like Wechat, which not many have heard of, has gotten over 1000% growth and Facebook is slowing down. In a couple years Snapchat and Wechat won't be growing as fast either because something else will come along after people get bored of it. By this time, Facebook will be MySpace.
silverpig
Lifer
- Jul 29, 2001
- 27,703
- 12
- 81
Guys, no one person is getting $3B on this.
There are the founders, the early-stage VCs, the later stage VCs, the employees...
In order to get funding they had to give up bits and pieces of their company along the way.
Typically these offers would require the owners to stay working at facebook for ~4 years after the deal.
To put it in normal person terms: Let's say you owned a house you built that is worth $500k. You put some money down and have paid off some of the mortgage you used to buy the land/materials/etc, so let's say you've got $100k of value in (some consisting of cash you put in, and some consisting of labour when you built the house) and a $400k mortgage. Now some property management company comes off the street and offers you $450k for the house.
People in this thread are all: holy shit! $450k is a ton of money. I'd take it and go blow it on yachts and booze and blow and hookers!
But you don't get all the money. You have to pay out the other owner (the bank). You also aren't getting the full value ($500k). Also, the property management firm requires you to work for them as a super for 4 years. You have to do all the repairs and maintenance etc, and it's a full-time job. They'll pay you for it, but you gotta do it as part of the deal.
Would you do it, or would you wait to see if someone would pay you $525k?
There are the founders, the early-stage VCs, the later stage VCs, the employees...
In order to get funding they had to give up bits and pieces of their company along the way.
Typically these offers would require the owners to stay working at facebook for ~4 years after the deal.
To put it in normal person terms: Let's say you owned a house you built that is worth $500k. You put some money down and have paid off some of the mortgage you used to buy the land/materials/etc, so let's say you've got $100k of value in (some consisting of cash you put in, and some consisting of labour when you built the house) and a $400k mortgage. Now some property management company comes off the street and offers you $450k for the house.
People in this thread are all: holy shit! $450k is a ton of money. I'd take it and go blow it on yachts and booze and blow and hookers!
But you don't get all the money. You have to pay out the other owner (the bank). You also aren't getting the full value ($500k). Also, the property management firm requires you to work for them as a super for 4 years. You have to do all the repairs and maintenance etc, and it's a full-time job. They'll pay you for it, but you gotta do it as part of the deal.
Would you do it, or would you wait to see if someone would pay you $525k?
Drako
Lifer
- Jun 9, 2007
- 10,697
- 161
- 106
lxskllr
No Lifer
- Nov 30, 2004
- 60,089
- 10,561
- 126
Divide it by 1000, and my fountain pen would still be cooking off ink due to the speed of my signing :^D
Drako
Lifer
- Jun 9, 2007
- 10,697
- 161
- 106
2 weeks ago Snapchat got $200 million dollars from a Chinese company called Tencent for 5% of the company. That values the company at $4 billion dollars. LOL
I stop using Snapchat a few months ago. Has anything been upgraded/new features?
http://allthingsd.com/20131029/snap...ion-of-up-to-4-billion-could-click-this-week/
I stop using Snapchat a few months ago. Has anything been upgraded/new features?
http://allthingsd.com/20131029/snap...ion-of-up-to-4-billion-could-click-this-week/
silverpig
Lifer
- Jul 29, 2001
- 27,703
- 12
- 81
*sigh* What makes you think someone with a 1% stake in the company can decide to sell it all?
If the company is valued at $4B and has been carved up as such, it won't sell for $3B right now.
Let me put it this way: If you had just invested $200M for 5% of the company at a $4B valuation, would you approve a sale at $3B, giving you $150M or a -$50M return?
Now how many other investors would be LOSING money on the $3B sale?
How many would be breaking even?
How many would be getting a 10% return on their VC investment (normally you want 1000%)?
There's a boatload of "no" in this deal, even if someone somewhere would be getting 1% of $3B.
Last edited:
Printer Bandit
Lifer
- Mar 16, 2005
- 13,856
- 109
- 106
another thing that is overvalued:
this 3 piece painting by francis bacon in 1969 sold for $142 million
this 3 piece painting by francis bacon in 1969 sold for $142 million
akahoovy
Golden Member
- May 1, 2011
- 1,336
- 1
- 0
another thing that is overvalued:
this 3 piece painting by francis bacon in 1969 sold for $142 million
"...And Sir Francis Bacon, for without whom we would not have the BLT."
Yes but that doesn't mean the methods behind arriving at the valuations aren't flawed
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