9 years ago
3
Snapchat Raising A New Round At A $10B Valuation
The rumors are flying around vanishing messaging app Snapchat, both on and off Secret. We too are hearing that Microsoft and Snapchat are in acquisition talks, though we can’t really grok why they would be, other than that the situation would make a great plot point in the inevitable Snapchat movie (“The Sexting Network”?).
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9.999 Billion of it is in the user base.
Well yeah, the idea is very simple and has already sprouted tons of these types of apps. Its the customer loyalty that is worth 99% of the value.
All this investing seems like a lottery to me. Just pick a small batch of the millions of companies to invest in and hope that one gets huge where you make a killing even on small investments.