Snapchat Turns Down $3 Billion
- Thread starter r3p1v
- Start date
(O_o)
H̨̼̩͐̑͆̀̚&
If you want to be able to save your snap chats that get sent to you. DL an app called Snap Save. Its free. for iOS.
[ame=http://www.youtube.com/watch?v=767fcMCaoCg]Save SnapChat Photos and Videos With App Called Snap Save. NO JAILBREAK - YouTube[/ame]
[ame=http://www.youtube.com/watch?v=767fcMCaoCg]Save SnapChat Photos and Videos With App Called Snap Save. NO JAILBREAK - YouTube[/ame]
(O_o)
H̨̼̩͐̑͆̀̚&
Snapchat has no permanent user profile or history. (whereas social networks users "build" a brand on facebook, twitter, and instagram, so the more time they invest on those 3 social networks, the more likely they will continue to use them. you invest nothing into snapchat except for the feeling of security that the end user receiving your photo won't screenshot the special picture that's only between you two and will never be seen again)
It's a social fad that thirts off of the insecurities of young users because they're so shameful that they don't want their super special pictures exposed on, Oh God no, facebook, or even worse, saved permanently in a text convo. Examples include: dick pics, vag pics, creeper pics, drama pics, stupid faces pics, i'm so bored lol pics, etc. You know, content that is super valuable to individual and societal development.
Please, enlighten me as to how this company will make $500 mil annual profit within 5 years by monetizing teenagers and broke college students. Mobile ads? LOL.
It's a social fad that thirts off of the insecurities of young users because they're so shameful that they don't want their super special pictures exposed on, Oh God no, facebook, or even worse, saved permanently in a text convo. Examples include: dick pics, vag pics, creeper pics, drama pics, stupid faces pics, i'm so bored lol pics, etc. You know, content that is super valuable to individual and societal development.
Please, enlighten me as to how this company will make $500 mil annual profit within 5 years by monetizing teenagers and broke college students. Mobile ads? LOL.
Same thing was said about Facebook "How are they going to monetize it without traditional 728x90 or 336x280 Ads?" But they did it. The initial target audience for Facebook was those same 'broke college students', remember when it was only college students, and Harvard at first.
It's also rather easy to put a mobile on snapchat's interface.
But there is also the ability to have corporate sponsorships for example where Coca-Cola buys up a whole day for $1MM, and throughout that day Snapchat users randomly get sent a snapchat of a viral Coca-Cola campaign which they can interact with. Or take it to the next level, and play a giant game of man hunt where you snapchat an object, a viral campaign, then send it to your friends to get a group discount or unlock something - creating interaction with the brand.
Ultimately it'll be up to the CFO to generate revenue. I can think of some more random marketing campaigns which can be sold directly to Advertising Agencies for customized viral campaigns that create brand awareness. Just because a new revenue path hasn't been thought about yet, doesn't mean it's not possible. Back in 1999, did anyone think we'd have APPs and all the craziness we have with mobile capabilities today? No, it took someone taking a leap into the void to see what is possible.
Yes, it's very true a lot of the initial Trailblazers of any new innovation end up getting overtaken - but those trailblazers were needed to get to where we are at. Facebook overtook Myspace, like Myspace overtook Friendster, and so on. Something new is always around the corner, just because one does not recognize it's capabilities or potential doesn't mean it should automatically be dismissed.
It's also rather easy to put a mobile on snapchat's interface.
But there is also the ability to have corporate sponsorships for example where Coca-Cola buys up a whole day for $1MM, and throughout that day Snapchat users randomly get sent a snapchat of a viral Coca-Cola campaign which they can interact with. Or take it to the next level, and play a giant game of man hunt where you snapchat an object, a viral campaign, then send it to your friends to get a group discount or unlock something - creating interaction with the brand.
Ultimately it'll be up to the CFO to generate revenue. I can think of some more random marketing campaigns which can be sold directly to Advertising Agencies for customized viral campaigns that create brand awareness. Just because a new revenue path hasn't been thought about yet, doesn't mean it's not possible. Back in 1999, did anyone think we'd have APPs and all the craziness we have with mobile capabilities today? No, it took someone taking a leap into the void to see what is possible.
Yes, it's very true a lot of the initial Trailblazers of any new innovation end up getting overtaken - but those trailblazers were needed to get to where we are at. Facebook overtook Myspace, like Myspace overtook Friendster, and so on. Something new is always around the corner, just because one does not recognize it's capabilities or potential doesn't mean it should automatically be dismissed.
You know what my favorite part of this thread is? That all the haters are saying that Snapchat should have taken 3 billion because there's no way in hell Snapchat is worth 3 billion.
Fucking news flash: Mark Zuckerberg, who is smarter and more successful than everyone in this thread combined, offered him 3 billion. That's probably a good indication Snapchat is worth a very big number.
Who do you think you are breaking down all the reasons why Snapchat isn't worth 3 bill? I'm pretty sure Mark Zuckerberg spent a little more time than you weighing the pros and cons before dropping 3 bill on the table.
P.S: 1 billion for Instagram looks like a total steal right now.
Fucking news flash: Mark Zuckerberg, who is smarter and more successful than everyone in this thread combined, offered him 3 billion. That's probably a good indication Snapchat is worth a very big number.
Who do you think you are breaking down all the reasons why Snapchat isn't worth 3 bill? I'm pretty sure Mark Zuckerberg spent a little more time than you weighing the pros and cons before dropping 3 bill on the table.
P.S: 1 billion for Instagram looks like a total steal right now.
Maybe you're not aware of this, but when it comes to large corporations acquiring smaller companies there are more failures than successes.
Oh i'm well aware of this. That doesn't change the fact that I think Mark Zuckerberg is in a much better position than you when it comes to valuing a startup social company.
Well duh. People here on wickedfire are trained to think in terms of revenue and profit when deriving value.
Silicon valley and wall street think in fuzzy feel good terms like "traction" and "engagement" when pegging value.
SV/WS's views don't change the fact that more silicon valley startups would become successful businesses if they focused on Revenue and Profit over traction and engagement. The ideas/apps/services would have to be better thought out.
Right now everyone is raising funding for what are essentially hobbies not businesses and waiting for:
a) Some sucker to buy it.
b) IPO day to unload it.
This has brought us to the current state of things where companies that have never turned a profit are going public..... where they continue to never turn a profit. More healthy companies that fill a need and turn a profit are better for society than a bunch of turds that never will.
I gotta disagree with you on this one.
Facebook is a very well built and successful business and went 3 years I think before generating revenue. Before that, Google went 5 years, yes 5 years, before generating revenue.
Also, there are plenty of startups that focus on revenue right out the gate, because it makes sense. Take Shopify and Groupon as examples. Shopify is a B2B startup, which almost always start generating revenue right off the bat. Groupon's business model made them collect revenue right off the bat as well.
Whether you focus on revenue right away really depends on your startup's business model and industry. B2B startups will almost always have revenue coming in early on. This is the same for B2C consumer goods startups, like E-Commerce Websites. The B2C consumer services sector often doesn't charge revenue up front (Google, Facebook) because it makes more sense, as first, to focus on improving the product and growing the userbase.
You're confusing tech and finance. Silicon valley and the start-up communities around the world generally don't give a fuck about turning a profit. They're about making an impact on society, fully conscious that large amounts of people will eventually amount to money. If they could find ways to fund their own companies I don't think anyone out there would even bother to walk up to, let alone try to impress these suits, they'd just innovate and make new crazy shit all the time.
You got a bit of a hard on for zuck don't you. He didn't contemplate as much as you think he did, he knew right off the bat that mobile is the next big thing in tech, and his interest clearly lays in dominating everything that has to do with being social on smartphones. He made his name when web 2.0 came around, mainly because at the time people realized how important and very-much possible is is to socialize on the internet. Same era companies like linkedin and myspace hit the scene.
Now, there won't be a web 3.0 (duh!) -- it's all about mobile phones and portability. Anyone who comes up with something social and largely geared towards the mobile market is now in direct competition with facebook, thus the reason why they acquire or at least try to, most of these widely popular start-ups (instagram, snapchat, etc)
.
OK.
How about this.
We come back to this thread in 5 years. If snapchat still hasn't turned a profit of $xxx,xxx,xxx, you suck on my little chinese balls. If it does, then likewise for you my friend.
Bookmarked. May the best man win.
Yeah your right, I have no idea why I put CFO. Originally had CRO (Chief Revenue Officer), but realized most companies don't have that title, it was a lazy pass.