Snap Jumps in Debut After App Maker Raises $3.4B in IPO

Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by Kazamai on Thursday March 02, 2017 @03:49PM (#13778054)

Ignorance is bliss in a world where half the people at YC could develop the core snap chat app in a week.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by InternetUser on Friday March 03, 2017 @05:46AM (#13781985)

This point was addressed on HN by user ChuckMcM in November 2013, right after Spiegel rejected Zuckerberg's buyout attempt:

> The focus here is on the tech and not the market. A pet rock was 'worthless' (the rock was just a rock) but the connection with a generation was valuable. So often in our business we look at something that we feel like we could build (or could be easily built) and a valuation, and focus on those two things. The parts we don't see we give little value to (350M snaps? Seriously? That is a boat load of engagement). Making anything that get 350M 13-23 yr olds engaged is a pretty huge deal. That is what is valuable with Snapchat, not the tech.

https://news.ycombinator.com/item?id=6671371

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by moolcool on Friday March 03, 2017 @08:34AM (#13782714)

The pet rock was also only on sale for about a year before being discontinued due to poor sales.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by nemothekid on Thursday March 02, 2017 @03:57PM (#13778124)

You should have done it, and sold it for at least 100M then.

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Re:Snap Jumps in Debut After App Maker Raises $3.4B in IPO by omarchowdhury on Thursday March 02, 2017 @06:57PM (#13779543)

Yeah, well, we still haven't figured out time machines.

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