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Right, I know how you feel. This is how the Digital Sky Technologies LP's must feel about them investing in FB at 15B...good for you that you weren't part of th
by danielpal 12y ago
Right, I know how you feel. This is how the Digital Sky Technologies LP's must feel about them investing in FB at 15B...good for you that you weren't part of that fund - they are definitely not serious VC's.
- downandout 12y agoAre you actually trying to imply that Snapchat is the next Facebook?
- danielpal 12y agoI am saying that valuing a company at a value $10B or $100B it's not outrageous in any way. You said you cannot take seriously any VC that values a company above $10B implying that no company can go above $10B or that they are somehow insane to think that could happen. This is simply no outrageous in any way and it was likely a very competed investment - I do think that Snapchat can achieve a value much larger than $10B or even $20B. Outrageous I would say is $1 trillion.
- downandout 12y ago>"You said you cannot take seriously any VC that values a company above $10B implying that no company can go above $10B or that they are somehow insane to think that could happen." I said nothing of the sort. I said that Snapchat is not worth $10 billion and likely never will be. For reference, my exact words were: "I just can't take seriously any VC valuing this company at $10 billion"