9 ms·

Pinterest Raises $200M

84 points by bdehaaff 12y ago

imperialdrive 12y ago
they have an office next to where I work... I've had to reach them twice and everyone I dealt with was high/mighty/rude right off the bat... I overhear them after hours in the local bar as well... bratty granted I've never used pinterest, but seeing this valuation cracks me up... I've learned from past experience, dating too, if someone is a jerk to strangers (or the waiter) drop them battle google? go for it, and this may be even more off topic, but I've run into googlers around the city and they have always been friendly/polite/ almost humble for working at google... no way they compete in my mind
loceng 12y ago
I imagine Facebook will try to acquire Pinterest - if there is any money left.
- nickstinemates 12y ago
  Makes more sense than Occulus
- duaneb 12y ago
  Pinterest would be fools to accept their money at orders of magnitude better valuations. Pinterest has a solid product, a vastly better user experience (albeit solving different problems), is not pressed to find or invent business models, and could easily expand into more commercial areas. Facebook is a brand people love to hate, it has a stench of evil, and a highly uncertain financial future. What could Facebook do for Pinterest?
  - qq66 12y ago
    Pinterest makes literally no money today. Facebook made a billion dollars in profit this quarter. Who, exactly, has the "highly uncertain financial future"?
- adventured 12y ago
  $12.63 billion in cash as of this latest quarter. $922m in cash flow for the quarter. It's likely they'll be seeing $5b or $6b in cash flow annually within another four to six quarters or so. They can afford it.
austenallred 12y ago
Pinterest adds considerably more value to my life than any other social network. It provides inspiration that plans my meals, my vacations, my clothing, the style of my home, etc.
- nostromo 12y ago
  Me too. I use it to get inspired at work (for UI design) and home (me and my significant other have a board for backyard ideas) and creative pursuits (like graphic arts). The space is also very monetizable. I think Pinterest is going to be bigger than Twitter.
  - sugerman 12y ago
    Do you find UI inspiration by searching or just have you started following people who pin related items?
    - nostromo 12y ago
      I used FB connect to sign up way back when and I followed my friends. Some of my friends in UI design started pinning cool stuff, so I followed the original "pinner." Then I started following Pinterest's suggestions for me. Recollecting this makes me realize what a great product is -- it just evolves with you. It couldn't be simpler.
      - xethorn 12y ago
        You have a lot of ways to discover UI design on Pinterest (if you look at my profile – pinterest.com/xethorn – I mostly use it for that particular reason and architecture work.) Things you can do to find UI work: you can either follow the boards of people who are relevant to the field, you can also browse what's happening on specific domains ("More from [url]" in the sidebar of the closeup) or you can simply browse the related interests. Hope this helps!
- dingaling 12y ago
  Pinterest disturbs me somewhat in that it is the distillation of what society has become these days: pure consumerism. 'These are the things I want'. Actually it's quite clever, on reflection, to have found a way to make money from consumerism without actually selling anything.
bstar77 12y ago
Alternate title considered... "Pinterest adding $200M to it's debt"
- colinbartlett 12y ago
  Where did you read that the $200M raised was debt financing?
  - k0 12y ago
    Think about it.
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goronbjorn 12y ago
I can hear the sound of Yahoo! getting its Alibaba money ready…
- kkwok 12y ago
  They better watch out for Alibaba getting its Alibaba money ready
cletus 12y ago
The one thing that annoys me about Pinterest is that it's one of those ideas I really could have thought of and done (but obviously didn't). I don't mean this in a way to take away anything from the Pinterest team. They had a great idea and seem to be executing really well. It's just one of those ideas that seems so obvious in hindsight, particularly if you've seen how, for example, women scrapbook for wedding preparation and the like, the rise of "selfies" (and just having a way to list what you're wearing) and so on. There are many other services that have tried to allow you to share "things" in a given context (eg locations in Foursquare, purchases on Blippy, social integrations with the various music streaming services and so on) but the real genius of Pinterest for me is that it's really about sharing the combination of things, which is of far more value than the individual things themselves. Pinterest is probably the startup I'm most bullish about. Seriously, congrats guys.
- adventured 12y ago
  One of the most impressive things I've found about Pinterest's success, is that they stuck with it for over three years before it finally took off. Much like Twitter, it was anything but an overnight success. As with most concepts, getting traction is by far the most difficult aspect. http://www.businessinsider.com/inside-pinterest-an-overnight-success-four-years-in-the-making-2012-4 http://www.businessinsider.com/inside-pinterest-an-overnight...
steve_benjamins 12y ago
"In the future search will be a discovery tool" ... I think this sentence needs some work. It feels empty of meaning. Am I missing something? Or does the sentence really simply mean: "in the future search will be a way to discover things"? Because in that case the future may already be here :)
- nwenzel 12y ago
  It may possibly be that search today is used to find a particular thing that you are looking for (directions, a way to fix code, a specific book). Whereas in the future, search will lead you to new things that you didn't specifically know you needed to find. More like browsing random sections of a book store. But yes, it definitely sounds like it's saying that search will be a tool to search for things.
i386 12y ago
What exactly is the “Visual web”?
mynameishere 12y ago
I've heard the name and ignored it. But what the hell, let's take a look. Obviously, this website is very popular with some people but if you go to the default page you get this: http://imgur.com/XWdkO8i http://imgur.com/XWdkO8i ...a popup that says "He used Pinterest to start his collection" on top of a blurry background. Who's "He"? Sign up with Facebook? Why? And all this confusion in a popup? Really? The very worst aspect of 1990s web design--pointless popups--on the front page of a trendy website? And with no obvious way to close the popup? And I kept expecting the 45 seconds to go to zero, like a time bomb, but nothing happened. Not only are you annoying and threatening me with a timer, but it's totally static. Really? Why not put a dancing William Shatner next to it? That would really bring back the memories. But you can, in fact, close the popup. Go to the bottom and click "About Pinterest", and you get this: http://imgur.com/6NDBdUm http://imgur.com/6NDBdUm "It's helpful. New descriptive guides help steer your search in the right directions" ...with a picture of a phone and links to install pinterest on my iphone or android devices. ...but, why would I do that? Even after reading an article about the company and looking at their "about us" page, I have no clue what their reason for existence is. Visual Web? You mean "img" tags? That part of the web? What am I doing wrong? Am I like a person outside of the 14-22 year demographic watching MTV for the first time?
- jmduke 12y ago
  Why? And all this confusion in a popup? Really? The likely rationale behind the immediate experience of a site that traffics in millions of uniques is that 'the numbers say that the visitors who respond positively to this outweigh the visitors who respond negatively'. In particular, I'd be willing to guess that Pinterest used gendered language in their lead-in because they're in a unique position of having a female user base which outnumbers their male one, and the bounce rate here is much smaller than opening pinterest.com to see a smorgasbord of recipes and pictures of clothing in sepia. A lot of your other complaints (like expecting the 45 seconds to be a timer) appear to be intentionally dense: I don't mean that to disparage you, but I think your interpretation is quite different than the average person Pinterest is trying to entice (that is, one with an average amount of experience on the internet.)
- alaskamiller 12y ago
bobbles 12y ago
I thought pinterest was a waste of time. Then I got engaged to get married. Searching for something like 'wedding favours' on google gives a pretty boring list of top10 lists and other cruft, but a similar search on pinterest gives a great view of peoples ideas, descriptions, alternatives, etc. For me, this type of searching is pretty rare, but pinterest is definitely the best tool I've seen for this
- chaz 12y ago
  It's great for design ideas of almost any kind. For example, I wanted to see how people were setting up their stacked washer and dryer units: http://www.pinterest.com/search/pins/?q=stacked%20washer%20dryer http://www.pinterest.com/search/pins/?q=stacked%20washer%20d... Another source for home decor is Houzz, which is more of a professional designer portfolio + marketplace, but also a good source of inspiration. http://www.houzz.com/stacked-washer-dryer http://www.houzz.com/stacked-washer-dryer
- cstrat 12y ago
  haha, exactly the same experience here. I couldn't really see what the point was until my fiancée started searching for wedding venues and ideas.
pyrrhotech 12y ago
This values it 27% higher than Yelp and 4.2x Trulia for perspective
leorocky 12y ago
I get why Pinterest is interesting. I don't use it, but I get why people use it although maybe I should. But what I don't get is why a site with pictures to pin needs $200M. It's basically still the same site it was when it had $500K in funding. Does it cost $200M to scale from thousands of users to hundreds of millions? Wikipedia doesn't need $200M to run.
- gms 12y ago
  Maybe. We don't know their future plans.
- aclements18 12y ago
  It still costs money to acquire new users. It's easy to think when something becomes a household name there is no need to keep spending to bring new users on. As with most social sites the bigger the network is the harder it is for competitors to come in and steal their position. Pinterest user base is still "only" around 50 million. Thats 5% the size of Facebook. Additionally the markets are not treating tech stocks so well right now, this might last another three months, and it might last a year and a half. What you know for sure is that you don't want to go out and try to raise money when the market is really down. You'll be terribly diluted if you're even able to raise money at all. They get what you can now, because they don't know how long it will be until the IPO. These are only a couple of the considerations, if they are planning an IPO very soon then there's a completely different motivation. Hope this helps.
- adventured 12y ago
  They'd be crazy not to take $200m for 4% give or take. Given the beating high flying tech stocks have taken lately on Wall St., and the continued Fed tapering, who knows how much longer the easy money gates will remain open. Better to take it now, and have tons of cash to ride out any eventuality. Bull markets don't run forever, and clearly Pinterest is hardly even in the first inning of monetization, so they're going to need the money. The public markets, even in semi-euphoric mode, will not react well to zero sales and $200m a year in losses.
- k0 12y ago
  Growth...growth might be in their future plans. Acquisitions, KLO, more employees, new directions. I hope they go big. Great service, smart design that works. Monetizing would be easy.
uses 12y ago
Shouldn't they have their own $200M by now? No but seriously. Oh. http://www.google.com/trends/explore#q=pinterest http://www.google.com/trends/explore#q=pinterest
- k0 12y ago
  You must have a developer account or something. Pinterest, for me, is free and they don't seem to be placing ads or monetizing sales like Etsy. I only connect to Pinterest at 3 distinct times/places: waiting rooms, king conference room (toilet), and when I'm looking for inspiration and ideas (sometimes all in one :)...so I am probably not considered a hard-core user. How does google search attempts equal 200 million USD...if that were the case searches for Obamacare or Affordable Care Act would have paid the national debt thrice over. [I just used a gov't example, I don't care what the healthcare bill is called]
DigitalSea 12y ago
I've always admired Pinterest. As a guy I don't really understand the appeal of it myself, but my soon-to-be wife absolutely loves it, so does her mum, her sisters, my sisters and my sisters friends. They seem to have done a fantastic job at capturing the female demographic and it has paid dividends for them. Congratulations to the team, curious to see how Pinterest can take it to the next level. Most likely the e-commerce route is the one they will be taking.
msoad 12y ago
If I did the math right, Instagram when Facebook acquired it, was worth ONE FIFTH today's Pinterest. Does that make sense to you?
- hagope 12y ago
  by today's math, Instagram was a bargain for fb...
arushs 12y ago
pintrest is for fags
forrecovery123 12y ago
Remember the dot com bust days, when companies with ZERO revenues raised BILLIONS on user (vanity?) numbers ?
ycpan 12y ago
I use it as a tool to collect and save infographic data... quite a good tool but the valuation is kinda beyond my understanding!
ycpan 12y ago
I use it as a tool to collect and save infographic data... quite a good tool but the valuation is kinda beyond my understanding!
sleepyhead 12y ago
"Pinterest has raised a total of $764 million to date." That is a lot of money to be able to pin some photos.
- MichaelGG 12y ago
  Perhaps don't read it as "raised" but "was given". Giving away 4% for $200M seems like a fairly slick deal for a company with no revenue(?) yet. OTOH, in 2012 Twitter spent over $250M on staff and R&D. Pinterest is nearing(?) that size of application (perhaps more as Pinterest has more photos than Twitter had), although Twitter had many more employees then (I think 1500 or so compared to "140+" WP says for Pinterest). Billions is a hell of a lot to share some SMSes.
DaniFong 12y ago
It is important to ask -- what on earth could this be for? SpaceX achieved orbital flight on that amount of capital...
gadders 12y ago
Slightly off-topic - my wife has 20k followers on Pinterest. Is that a lot, relatively speaking? Any suggestions as to monetisation? She already gets invited to events via Pinterest.
penguindev 12y ago
Maybe they can use this money to hire someone who can fix their !$!@# pinit button [the small gray button with numbers on the right] to actually stay where I put it (and not move to the right 20px and bleed over other content). Really, it's the only social button I put on each of my wife's blog posts [echoing what others have mentioned, she likes pinterest for the 'bridal trends', recipe ideas, art, ...], and it's easily the most annoying thing on the page... sure let's have the JS totally remove all the css/elements that were there and recreate it differently.
- kentbrew 12y ago
  May I please know the address of your wife's blog? Happy to look into this.
- kentbrew 12y ago
  I've just pushed a test fix; if you will please add data-pin-pad-count="true" to a Pin It button that has data-pin-config="beside" you should see whitespace under your pin count. I'm not pushing this out to everyone until I understand how badly it will break other sites that have already implemented fixes like yours. Hope this helps!
  - penguindev 12y ago
    Thanks, but doesn't change a thing for me. It's still breaking out of a containing div to the right. And I forgot to mention that the vertical alignment was/is also a PITA. Got the image where I want it, and other text elements bottom-aligned to it? Great, now once the JS munges things it's all changed - the image gets higher. edit: submitted a ticket to pinterest support, keyword kentbrewster

84 points by bdehaaff 12y ago

they have an office next to where I work... I've had to reach them twice and everyone I dealt with was high/mighty/rude right off the bat... I overhear them after hours in the local bar as well... bratty granted I've never used pinterest, but seeing this valuation cracks me up... I've learned from past experience, dating too, if someone is a jerk to strangers (or the waiter) drop them battle google? go for it, and this may be even more off topic, but I've run into googlers around the city and they have always been friendly/polite/ almost humble for working at google... no way they compete in my mind

loceng 12y ago

I imagine Facebook will try to acquire Pinterest - if there is any money left.

nickstinemates 12y ago
Makes more sense than Occulus
duaneb 12y ago
Pinterest would be fools to accept their money at orders of magnitude better valuations. Pinterest has a solid product, a vastly better user experience (albeit solving different problems), is not pressed to find or invent business models, and could easily expand into more commercial areas. Facebook is a brand people love to hate, it has a stench of evil, and a highly uncertain financial future. What could Facebook do for Pinterest?
- qq66 12y ago
  Pinterest makes literally no money today. Facebook made a billion dollars in profit this quarter. Who, exactly, has the "highly uncertain financial future"?
adventured 12y ago
$12.63 billion in cash as of this latest quarter. $922m in cash flow for the quarter. It's likely they'll be seeing $5b or $6b in cash flow annually within another four to six quarters or so. They can afford it.

austenallred 12y ago

Pinterest adds considerably more value to my life than any other social network. It provides inspiration that plans my meals, my vacations, my clothing, the style of my home, etc.

nostromo 12y ago
Me too. I use it to get inspired at work (for UI design) and home (me and my significant other have a board for backyard ideas) and creative pursuits (like graphic arts). The space is also very monetizable. I think Pinterest is going to be bigger than Twitter.
- sugerman 12y ago
  Do you find UI inspiration by searching or just have you started following people who pin related items?
  - nostromo 12y ago
    I used FB connect to sign up way back when and I followed my friends. Some of my friends in UI design started pinning cool stuff, so I followed the original "pinner." Then I started following Pinterest's suggestions for me. Recollecting this makes me realize what a great product is -- it just evolves with you. It couldn't be simpler.
    - xethorn 12y ago
      You have a lot of ways to discover UI design on Pinterest (if you look at my profile – pinterest.com/xethorn – I mostly use it for that particular reason and architecture work.) Things you can do to find UI work: you can either follow the boards of people who are relevant to the field, you can also browse what's happening on specific domains ("More from [url]" in the sidebar of the closeup) or you can simply browse the related interests. Hope this helps!
dingaling 12y ago
Pinterest disturbs me somewhat in that it is the distillation of what society has become these days: pure consumerism. 'These are the things I want'. Actually it's quite clever, on reflection, to have found a way to make money from consumerism without actually selling anything.

bstar77 12y ago

Alternate title considered... "Pinterest adding $200M to it's debt"

colinbartlett 12y ago
Where did you read that the $200M raised was debt financing?
- k0 12y ago
  Think about it.
deleted 12y ago
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goronbjorn 12y ago

I can hear the sound of Yahoo! getting its Alibaba money ready…

kkwok 12y ago
They better watch out for Alibaba getting its Alibaba money ready

cletus 12y ago

The one thing that annoys me about Pinterest is that it's one of those ideas I really could have thought of and done (but obviously didn't). I don't mean this in a way to take away anything from the Pinterest team. They had a great idea and seem to be executing really well. It's just one of those ideas that seems so obvious in hindsight, particularly if you've seen how, for example, women scrapbook for wedding preparation and the like, the rise of "selfies" (and just having a way to list what you're wearing) and so on. There are many other services that have tried to allow you to share "things" in a given context (eg locations in Foursquare, purchases on Blippy, social integrations with the various music streaming services and so on) but the real genius of Pinterest for me is that it's really about sharing the combination of things, which is of far more value than the individual things themselves. Pinterest is probably the startup I'm most bullish about. Seriously, congrats guys.

adventured 12y ago
One of the most impressive things I've found about Pinterest's success, is that they stuck with it for over three years before it finally took off. Much like Twitter, it was anything but an overnight success. As with most concepts, getting traction is by far the most difficult aspect. http://www.businessinsider.com/inside-pinterest-an-overnight-success-four-years-in-the-making-2012-4 http://www.businessinsider.com/inside-pinterest-an-overnight...

steve_benjamins 12y ago

"In the future search will be a discovery tool" ... I think this sentence needs some work. It feels empty of meaning. Am I missing something? Or does the sentence really simply mean: "in the future search will be a way to discover things"? Because in that case the future may already be here :)

nwenzel 12y ago
It may possibly be that search today is used to find a particular thing that you are looking for (directions, a way to fix code, a specific book). Whereas in the future, search will lead you to new things that you didn't specifically know you needed to find. More like browsing random sections of a book store. But yes, it definitely sounds like it's saying that search will be a tool to search for things.

i386 12y ago

What exactly is the “Visual web”?

mynameishere 12y ago

I've heard the name and ignored it. But what the hell, let's take a look. Obviously, this website is very popular with some people but if you go to the default page you get this: http://imgur.com/XWdkO8i http://imgur.com/XWdkO8i ...a popup that says "He used Pinterest to start his collection" on top of a blurry background. Who's "He"? Sign up with Facebook? Why? And all this confusion in a popup? Really? The very worst aspect of 1990s web design--pointless popups--on the front page of a trendy website? And with no obvious way to close the popup? And I kept expecting the 45 seconds to go to zero, like a time bomb, but nothing happened. Not only are you annoying and threatening me with a timer, but it's totally static. Really? Why not put a dancing William Shatner next to it? That would really bring back the memories. But you can, in fact, close the popup. Go to the bottom and click "About Pinterest", and you get this: http://imgur.com/6NDBdUm http://imgur.com/6NDBdUm "It's helpful. New descriptive guides help steer your search in the right directions" ...with a picture of a phone and links to install pinterest on my iphone or android devices. ...but, why would I do that? Even after reading an article about the company and looking at their "about us" page, I have no clue what their reason for existence is. Visual Web? You mean "img" tags? That part of the web? What am I doing wrong? Am I like a person outside of the 14-22 year demographic watching MTV for the first time?

jmduke 12y ago
Why? And all this confusion in a popup? Really? The likely rationale behind the immediate experience of a site that traffics in millions of uniques is that 'the numbers say that the visitors who respond positively to this outweigh the visitors who respond negatively'. In particular, I'd be willing to guess that Pinterest used gendered language in their lead-in because they're in a unique position of having a female user base which outnumbers their male one, and the bounce rate here is much smaller than opening pinterest.com to see a smorgasbord of recipes and pictures of clothing in sepia. A lot of your other complaints (like expecting the 45 seconds to be a timer) appear to be intentionally dense: I don't mean that to disparage you, but I think your interpretation is quite different than the average person Pinterest is trying to entice (that is, one with an average amount of experience on the internet.)
alaskamiller 12y ago

bobbles 12y ago

I thought pinterest was a waste of time. Then I got engaged to get married. Searching for something like 'wedding favours' on google gives a pretty boring list of top10 lists and other cruft, but a similar search on pinterest gives a great view of peoples ideas, descriptions, alternatives, etc. For me, this type of searching is pretty rare, but pinterest is definitely the best tool I've seen for this

chaz 12y ago
It's great for design ideas of almost any kind. For example, I wanted to see how people were setting up their stacked washer and dryer units: http://www.pinterest.com/search/pins/?q=stacked%20washer%20dryer http://www.pinterest.com/search/pins/?q=stacked%20washer%20d... Another source for home decor is Houzz, which is more of a professional designer portfolio + marketplace, but also a good source of inspiration. http://www.houzz.com/stacked-washer-dryer http://www.houzz.com/stacked-washer-dryer
cstrat 12y ago
haha, exactly the same experience here. I couldn't really see what the point was until my fiancée started searching for wedding venues and ideas.

pyrrhotech 12y ago

This values it 27% higher than Yelp and 4.2x Trulia for perspective

leorocky 12y ago

I get why Pinterest is interesting. I don't use it, but I get why people use it although maybe I should. But what I don't get is why a site with pictures to pin needs $200M. It's basically still the same site it was when it had $500K in funding. Does it cost $200M to scale from thousands of users to hundreds of millions? Wikipedia doesn't need $200M to run.

gms 12y ago
Maybe. We don't know their future plans.
aclements18 12y ago
It still costs money to acquire new users. It's easy to think when something becomes a household name there is no need to keep spending to bring new users on. As with most social sites the bigger the network is the harder it is for competitors to come in and steal their position. Pinterest user base is still "only" around 50 million. Thats 5% the size of Facebook. Additionally the markets are not treating tech stocks so well right now, this might last another three months, and it might last a year and a half. What you know for sure is that you don't want to go out and try to raise money when the market is really down. You'll be terribly diluted if you're even able to raise money at all. They get what you can now, because they don't know how long it will be until the IPO. These are only a couple of the considerations, if they are planning an IPO very soon then there's a completely different motivation. Hope this helps.
adventured 12y ago
They'd be crazy not to take $200m for 4% give or take. Given the beating high flying tech stocks have taken lately on Wall St., and the continued Fed tapering, who knows how much longer the easy money gates will remain open. Better to take it now, and have tons of cash to ride out any eventuality. Bull markets don't run forever, and clearly Pinterest is hardly even in the first inning of monetization, so they're going to need the money. The public markets, even in semi-euphoric mode, will not react well to zero sales and $200m a year in losses.
k0 12y ago
Growth...growth might be in their future plans. Acquisitions, KLO, more employees, new directions. I hope they go big. Great service, smart design that works. Monetizing would be easy.

uses 12y ago

Shouldn't they have their own $200M by now? No but seriously. Oh. http://www.google.com/trends/explore#q=pinterest http://www.google.com/trends/explore#q=pinterest

k0 12y ago
You must have a developer account or something. Pinterest, for me, is free and they don't seem to be placing ads or monetizing sales like Etsy. I only connect to Pinterest at 3 distinct times/places: waiting rooms, king conference room (toilet), and when I'm looking for inspiration and ideas (sometimes all in one :)...so I am probably not considered a hard-core user. How does google search attempts equal 200 million USD...if that were the case searches for Obamacare or Affordable Care Act would have paid the national debt thrice over. [I just used a gov't example, I don't care what the healthcare bill is called]

DigitalSea 12y ago

I've always admired Pinterest. As a guy I don't really understand the appeal of it myself, but my soon-to-be wife absolutely loves it, so does her mum, her sisters, my sisters and my sisters friends. They seem to have done a fantastic job at capturing the female demographic and it has paid dividends for them. Congratulations to the team, curious to see how Pinterest can take it to the next level. Most likely the e-commerce route is the one they will be taking.

msoad 12y ago

If I did the math right, Instagram when Facebook acquired it, was worth ONE FIFTH today's Pinterest. Does that make sense to you?

hagope 12y ago
by today's math, Instagram was a bargain for fb...

arushs 12y ago

pintrest is for fags

forrecovery123 12y ago

Remember the dot com bust days, when companies with ZERO revenues raised BILLIONS on user (vanity?) numbers ?

ycpan 12y ago

I use it as a tool to collect and save infographic data... quite a good tool but the valuation is kinda beyond my understanding!

ycpan 12y ago

I use it as a tool to collect and save infographic data... quite a good tool but the valuation is kinda beyond my understanding!

sleepyhead 12y ago

"Pinterest has raised a total of $764 million to date." That is a lot of money to be able to pin some photos.

MichaelGG 12y ago
Perhaps don't read it as "raised" but "was given". Giving away 4% for $200M seems like a fairly slick deal for a company with no revenue(?) yet. OTOH, in 2012 Twitter spent over $250M on staff and R&D. Pinterest is nearing(?) that size of application (perhaps more as Pinterest has more photos than Twitter had), although Twitter had many more employees then (I think 1500 or so compared to "140+" WP says for Pinterest). Billions is a hell of a lot to share some SMSes.

DaniFong 12y ago

It is important to ask -- what on earth could this be for? SpaceX achieved orbital flight on that amount of capital...

gadders 12y ago

Slightly off-topic - my wife has 20k followers on Pinterest. Is that a lot, relatively speaking? Any suggestions as to monetisation? She already gets invited to events via Pinterest.

penguindev 12y ago

Maybe they can use this money to hire someone who can fix their !$!@# pinit button [the small gray button with numbers on the right] to actually stay where I put it (and not move to the right 20px and bleed over other content). Really, it's the only social button I put on each of my wife's blog posts [echoing what others have mentioned, she likes pinterest for the 'bridal trends', recipe ideas, art, ...], and it's easily the most annoying thing on the page... sure let's have the JS totally remove all the css/elements that were there and recreate it differently.

kentbrew 12y ago
May I please know the address of your wife's blog? Happy to look into this.
kentbrew 12y ago
I've just pushed a test fix; if you will please add data-pin-pad-count="true" to a Pin It button that has data-pin-config="beside" you should see whitespace under your pin count. I'm not pushing this out to everyone until I understand how badly it will break other sites that have already implemented fixes like yours. Hope this helps!
- penguindev 12y ago
  Thanks, but doesn't change a thing for me. It's still breaking out of a containing div to the right. And I forgot to mention that the vertical alignment was/is also a PITA. Got the image where I want it, and other text elements bottom-aligned to it? Great, now once the JS munges things it's all changed - the image gets higher. edit: submitted a ticket to pinterest support, keyword kentbrewster