what kind of a mad world do we live in where an app for sending pictures to your friends with a slight twist is worth $1B? That applies to both snapchat and instagram...
That's because you need to build the money train yourself if you want to have one, even if it's guaranteed to fall off a cliff in the long run (like Snapchat).
And some say there is no bubble in start-up world... If someone has any idea what is going on here please explain to me because I do not understand how we have come down to this.
There are 450 million Snapchats sent a day. Their engagement is insane and so is their month over month growth. Snapchat has created a new form of communication that a lot of people enjoy using. If we use other startups as benchmarks (Tumblr, Instagram), the valuation does not seem far-fetched.
What kind of mad world do we live in where a graduate from one of the top universities in the world agrees to take a first job hawking ad space for a fad-of-the-year mobile app?
Given the graph in the article, it wouldn't surprise me if Facebook made another get-all-users-so-it-doesn't-threaten-core-business acquisition a la Instagram.
Although in this case, Facebook tried making a Snapchat clone (Poke) and failed miserably, so such an acquisition might show a weakness in Facebook product strategy and be somewhat embarrassing.
I would love to see Facebook try to acquire Snapchat. They were so arrogant when they launched Poke, claiming they made the entire app in 12 days. I thought it was pretty low to make a full blown copy of Snapchat.
I actually wonder to what extent Facebook really planned Poke. The way it was always described, a small team built it over the course of a weekend- I can see it being a random project people decided to do that got launched without any major strategy behind it.
Snapchat was likely trying to value itself in comparative terms to Instagram. Instagram was a threat because it had both the meteorically rising product AND the engineering team capable of scaling ahead of that growth. I think Facebook created Poke not to compete directly, but as a response to the comparison to Instagram. Facebook "coded Snapchat in a weekend", literally.
How Snapchat will actual monetize remains a mystery, but if I had to guess I would say they are working on a paid snap system. I'm not sure how they would go about creating ads that are relevant to the user. If I got a snap from a random company I imagine it would just piss me off. Maybe they will offer an ad free version via subscription model.
I don't see how you can base a long term business model on a technology that can easily be broken (i.e. cracking the app so that photos aren't deleted after some time like the sender intended).
I guess in the short term they can make some money and transition to some other business model, but I feel like "SnapchatKeep" is just around the corner if it doesn't exist already.
if they had a feature to upload saved snapchats online, I would do it and share it through facebook and twitter, in fact I already do http://olaji.de/snapchat a lot of my friends find it hilarious and I have almost double the amount of snaps saved on my phone right now, than on the site... I plan to upload more and more while snapchat value goes up and up, I am a 20 year old college student, a lot of you older guys have trouble understanding...
sorry "understand snapchat", ojr is my snapchat, I should give you my password, you'll see a few of my college girl friends send you snaps and maybe you will be closer to undertanding...
It's not based on a technology. It's based on this sort of idea of transient photography- compare it to Instagram where everyone carefully curates every photo and ensures it has the right filter, etc. etc.- people Snapchat photos of themselves making stupid faces to each other.
I'm not saying that makes it worth $1bn, but I think the criteria is different than you make out.
27 comments
[ 3.1 ms ] story [ 15.4 ms ] threadDrafting and filing of the Petition and complaint to the Inter American Court The Hague and the UN.
On behalf of Juan Carlos Vallejos, mental torture case, a citizen of Venezuela
Resides in the state of Carabobo, Valencia, identity card, CI 12,108,222,
The following presidents denounce North Americans, Europeans, Asians and Latin Americans.
For genocide, administrations (2002-2013).
-------------------------------------------------- -------------------------------------
COMPLAINT FOR MURDER, THEFT, VIOLATION, DRUG, TERRORIST USING SATELLITES AND NANO TECHNOLOGY,
WITH VISUAL INFORMATION OBTAINED WHICH ACTIVITIES PERFORMED IN dferentes ETAD BY CONBENIO
VALLEJOS IF, WITH NICOLAS MATURE POLITICO.
1. - THE PRESIDENT BARAK OBAMA, MICHELLE OBAMA, FROM THE 2000 REPORT DATE OF WIFE WHICH WE SEND THE COMPLAINT.
Note: * 1. - PRIME MINISTER OF CANADA, 2000 FROM THE DATE OF THE COMPLAINT WHICH WIFE WE SEND THE COMPLAINT. 2. - THE PRESIDENT OF JAPAN FROM 2000 THE DATE OF THE COMPLAINT 2013. 3. - PRIME MINISTER FROM NORTH KOREA 2000 DATE OF REPORT 2013. 4. - PRIME MINISTER OF CHINA SINCE 2000 THE DATE OF THE COMPLAINT 2013. 5. - PRIME MINISTER OF JAPAN FROM 2000 THE DATE OF THE COMPLAINT 2013. -------------------------------------------------- ------------------------------------1. - The President of Germany.
2. - The Spanish state and its president.
3. - The Swiss state and politicians of their respective cantons.
4. - President of Russia.
5. - The President of Japan.
6. - Prime Minister of China.
7. - Prime Minister of North Korea.
8. - Prime Minister of South Korea, Ban Quee Moon.
9. - The president of Italy.
10. - The president of Canada.
11. - Portugal Anibal Antonio Cavaco Silva and sons Teodoro Patrícia Gonçalves Silva Cavaco Silva.
12. - Mariano Rajoy Brey.
13. - Antoni MARTI PETIT.
14. - Francois Hollande.
15. - Minister of State) Michel ROGER.
16. - Joachim gauck.
17. - Corina Casanova.
18. - AUSTRIA PRESIDENT: Heinz FISCHER.
19. - LIECHTENSTEIN: (Prime Minister) Klaus STCHUTSCHER.
20. - ITALY: PRESIDENT: Giorgio NAPOLITANO.
21. - PRIME MINISTER: Mario Monti.
22. - BELARUS: Aleksandr Lukashenko.
23. - ARMENIA: Serzh SARGSYAN.
24. - RUSSIA: Prime Minister Fredrik REINFELDT.
25. - SWEDEN: President Vladimir Vladimirovich PUTIN.
26. - Felipe González.
27. - José María Aznar.
We include other presidents that allow the satellite, 2013:
1. - The president of Colombia.
2. - The president of Argentina.
3. - The president of Brazil.
4. - The president of Ecuador.
5. - President of Cuba.
6. - The president of Mexico.
7. - Nicolas Maduro.
They all perform in Venezuela satellite transmissions.
Genocide crimes.
Some of the tests.
http://www.liberenlosya.com/foros/?mingleforumaction=viewfor...
Juan Carlos Vallejos.
To the Judges and Lawyer Professionals working in international criminal law...
... fine. I guess I'll go get my hammer then.
Although in this case, Facebook tried making a Snapchat clone (Poke) and failed miserably, so such an acquisition might show a weakness in Facebook product strategy and be somewhat embarrassing.
I guess in the short term they can make some money and transition to some other business model, but I feel like "SnapchatKeep" is just around the corner if it doesn't exist already.
Maybe when you're 30 you will be able to form a complete sentence.
I'm not saying that makes it worth $1bn, but I think the criteria is different than you make out.
Yup. Meets all the qualifications for a Yahoo! purchase.