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Snapchat was founded in 2011 when people thought there couldn't be any other successful social media company. On the other hand, Salesforce, an epitome of SAAS,
by howon92 7y ago
Snapchat was founded in 2011 when people thought there couldn't be any other successful social media company. On the other hand, Salesforce, an epitome of SAAS, was founded in 1999. I believe there are always business opportunities and I'd argue there are more opportunities today because the space is more complicated and the cost of starting a company is much lower than before.
- veggieburglar 7y agoI don't necessarily disagree with your argument, but Snapchat might not be the best example. Snap has never posted a profit and their stock, even after a rise of almost 275% this calendar year, is still 42% below its IPO price.