Snapchat Is an $800 Million Company (On Paper)
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1
I imagine it will never have to generate any money. The backers must think that it will be sold down the line to a bigger player to help said bigger player retain/attract users. Because how interesting is monetizing something like this at this point? It should almost be standard practice on how you put ads into a crapola app.
1
$800M in "pre-money". It's like, almost money, fueled by the power of YOUR imagination!
2
Yeah, but that money disappears after 10 seconds.
+1
VCs need a sexting venue, too.
How the f-ck did an app mainly used for sexting pass investment committee at so many buttoned-down VC's?
