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Interesting seeing the activity on Twitter and how quickly Periscope caught up once it was released: https://twitter.com/dacort/status/582570506043310080 https:

• Someone 12y ago
  Extrapolating by eye, with a biased look, one could describe that as "Total market is growing, Periscope briefly grabbed it, but will be gone within a week" An eye biased the other way could say that Periscope managed to reach everybody interested in this kind of product, and made them all realize that they aren't really interested at the same time, whereas Meerkat was discovering that at a slower pace, concluding that both products are doomed. Retention numbers might be able to prove either of these explanations wrong. Either way, venture capital is aiming for greater gains by taking larger risks. Because of that, even if Meerkat fails, the decision to invest in it still might have been the right one.