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Us NTers have to make something so stupid and get paid billions.
Who's wit me?
Oh I'm on it.
- Freshlink
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Us NTers have to make something so stupid and get paid billions.
Who's wit me?
this isnt a once in a lifetime thing for him, if he is able to grow/maintain his business he will have plenty of higher offers in the future
Exactly. I would have turned it down too. Just wait another 3-4 years....probably 10x that amount
the heck u tryna do with multiple islands?well if a jet is 1 billy u can only buy 3
if a island is 3 billy u can only buy 1
i rather buy a couple islands with my 100 than my 3
just sayin
Facebook buying instagram was smart, they was
Headed towards MySpace land had that not
happened.
I'll leave this hereUs NTers have to make something so stupid and get paid billions.
Who's wit me?
this.
3 billion doe. The whole fam wouldve been eating.
Snapchat doesn't have the revenue to command such a high valuation. That's why everyone is saying we're in this tech bubble and it's going to burst harder than it did in the 90s.
I had a discussion on FB (ironically) with my friend about this and we concluded that the only reason to not accept FB's offer is because the founder wants to be the youngest billionaire, beating Zuckerberg and Moskovitz for that title. The founder is already well-off, and money doesn't seem to be his priority at the moment. If that's the case, one of the only things left to obtain is recognition, and nothing will make you more well-known than beating out those two as youngest billionaire.
On top of that, SnapChat is unique in that it's based in Southern California, which isn't exactly known as a haven for tech start-ups. So, if he can somehow hold out and and sell his company and become a billionaire ($3bill for SnapChat doesn't necessarily make the founder a billionaire, they would need to sell for a lot more due to VC share and such), he'll be able to achieve that recognition.
Definitely a bubble. I love the tech startup industry and all the new products and ideas but unfortunately a lot of them just don't make money. I have a strong dislike for Snapchat because I never saw the novelty in disappearing messages, not to mention all of the snapchats I've seen are selfies. How many different times can you take a picture of your face and send it out?
What you said would make sense. Currently their 3rd cofounder is suing them for ownership, and let's see what kinds of equity they're at right now:
Series A: $13.5M, $70M valuation (higher end to be conservative). 5% equity.
Series B: $80M, $800M valuation. 10% equity.
So that comes out to 15%, round it up to 20% to be safe for ownership controlled by investors, now let's divide the remaining ownership so each cofounder has 40%, since the 3rd cofounder is still out of the picture.
40% of $3B is $1.2M, I feel like he would be pretty damn close to being the youngest billionaire if he sold it at $3M.
DUDE probably has an epic blackmail box. That's why he's not selling. Dude has dirt on the majority of future politicians. Like your congresspeople 15-20 years from now are gonna be regretting thinking that Snapchat was safe for distribution of nudes and stuff. Should have read the user agreement.
The amount of nudes I've gotten on Snapchat...Jesus. Girls secretly love showing off their goods so I can only imagine how many have been sent in total.DUDE probably has an epic blackmail box. That's why he's not selling. Dude has dirt on the majority of future politicians. Like your congresspeople 15-20 years from now are gonna be regretting thinking that Snapchat was safe for distribution of nudes and stuff. Should have read the user agreement.
Dude saw how when twitter went public it was worth >>>
The article even says Twitter now worth $25 billy.
I've never used SnapChat, but articles like this only make the company more public. Any publicity is good publicity. People gonna read this who have never heard of snap chat, and say, ballsy move, and possibly check it out