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Socialcam Founder: There Will Be No Instagram of Video
- fourstar 14y agoThere was. It's called YouTube.
- dinkumthinkum 14y agoRight. I don't really see where they thought this was going to go. In my opinion, this is much better outcome than what should have been expected.
- ivankirigin 14y ago"Instagram" means mobile here, so a mobile video exploding success hasn't happened yet.
- citricsquid 14y agoYoutube is huge on mobile, it just isn't the core of Youtube.
- mikeryan 14y agoBy this logic, Flickr was an Instagram for pictures.
- Terretta 14y agoEr, final line is "There may still be an Instagram-style winner in the social video race..."
- nik_0_0 14y agoWinner, yes, but I think the core of it is that he doesn't believe there will be a billion dollar exit.
- phillmv 14y ago>No one invests hoping for a mere 3x return. As in, in the VC sense where you expect most people to fail, etc, right? 'Cos any day of the week I'd like to have some access to 300% returns. Especially 300% in 6 months.
- majani 14y agoIn VC mathematics, you always divide by the entire lifetime of the fund to calculate your rate of return, because there's no recycling allowed. You also got to factor in compound interest and management fees, so in Socialcam's case, this works out to about 3-4% return. Dan Shapiro explained it well here: http://www.danshapiro.com/blog/2010/08/vc-insanity-economics/ http://www.danshapiro.com/blog/2010/08/vc-insanity-economics... edit: calculating Socialcam's ROI
- DanielRibeiro 14y agoThe HN discussions on the article are also very good: http://news.ycombinator.com/item?id=3683607 http://news.ycombinator.com/item?id=3683607 http://news.ycombinator.com/item?id=1598728 http://news.ycombinator.com/item?id=1598728