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I think what has changed is the shocking amount of money that recent start ups are burning. Snap burns more in a year (~$1 billion) than Facebook did in it's e
by trocadero 8y ago
I think what has changed is the shocking amount of money that recent start ups are burning. Snap burns more in a year (~$1 billion) than Facebook did in it's entire life. Uber has burned ~$10 billion during its existence. It's hard for me to picture a company raising that amount of money on the stock market.
- zaius 8y agoTesla has raised billions of capital from the public markets
- kgwgk 8y agoIt's not that hard to picture Snap raising billions in the stock market: the company got $2.7bn at the $3.6bn IPO last year. Twitter raised $1.8bn in 2013. Their problem is not lack of financing.
- sgerenser 8y agoTesla has lost several billion dollars since its IPO in 2010, and that hasn't seemed to have slowed the stock down at all.
- trocadero 8y agoTesla only raised $270 million in their IPO. They've subsequently raised more, but their initial a pretty far cry from the billions Snap/Uber needed.