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That's good for them that they can pitch that to investors! But what are their actual numbers?
by edgyswingset 10y ago
That's good for them that they can pitch that to investors! But what are their actual numbers?
- runako 10y ago1) Investors in growth companies care about what's next, not what's past. The past numbers are important to lend credibility to projections, but nobody values growth companies based on (presumably much smaller) numbers from the past. 2) Also from TFA: "Snapchat’s revenues in 2015 were $59 million (recall that there was no real monetization effort in the first part of the year, and only the beginnings of it in the latter part of the year)." I'm not privy to any internals at Snapchat, but based on the other metrics in the article, the projections are not implausible at all. But yeah, it's still not appropriate for people whose idea of risk is owning Procter & Gamble.