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I'm torn on this, I didn't think Instagram was worth 1B until my 16 year old niece told me the only things she used was Twitter and Instagram. If you tell me S
by mikeryan 13y ago
I'm torn on this, I didn't think Instagram was worth 1B until my 16 year old niece told me the only things she used was Twitter and Instagram.
If you tell me Snapchat is what all the kids are using I'm going to give it some leeway - though I still think there's a lot of greater fool investing going on.
My biggest concern with these services is the seemingly fickle nature of their audience. Even if they're able to turn the service into something profitable - how long can they maintain it?
- hangonhn 13y agoI actually use this strategy. Because I mentor high school students, I sometimes ask them what they use the most. Facebook is not on that list. Instagram and Tumblr for sure and maybe SnapChat. That's not to say that FB is out. Sometimes the best way to reach them is via FB messages. The good thing about teenagers is that: 1. they're trendy or try to be 2. have short attention span If you can get a teenager to understand and like your product, you have a good chance of going viral, popular, or whatever it is kids call it these days.
- taude 13y agoThe trendy nature of these business is a negative on valuation in my book. Sure, it'll grow a bit. And then the next new thing will come along. It likely is really profitable for those investing early on and founders. As an employee at a company like this, I'd worry about all the hard-work having a pay-off four years down the road when options vest, etc...