Summary: Dear Evan, Dear Bobby, poor fools. Poor young fools. Evan, if Bobby reports the Wall Street Journal is true, then you probably today refused an offer that could …
Dear Evan, Dear Bobby,
Poor crazy. Poor young crazy.
Evan, Bobby if what the Wall Street Journal is true, then you probably have today refused an offer that could change your life. You shelter need, giving you time to explore the world, to discover the people who inhabit it. What took you to refuse the offer of Mark? You hate him so much? Are you jealous? Have you talked to Kevin today his life now that he has sold his Instagram for $ 1 billion. It looks pretty cool to. You should look at his photos on his account. Brief.
How could you think that your product – after all, a good idea in the era of time – could achieve a higher valuation? Did you hear about the Club Unicorns TechCrunch? What output do you see now that you have declined an offer of more than $ 3 billion? Do you really think that another box can spend more money to buy your product? Well, OK, you have raised $ 73 million, leaving you (a little) time to see it coming, but for what? Aim for IPO
Let’s talk about the IPO. You do not get any money. Then you will say “Yes, but Twitter either, and yet last weekend, a bunch of Shareholders bought cars or apts.” This is not true. But the potential of the * product * Twitter is still infinitely more important than Snapchat right? You have invented a product that anything that could potentially make the value disappears after 10 seconds. It’s too bad. What? I go a little faster? OK, there is not that much.
, then. We focus the rest. The data, for example, between what you reap (email, phone number, age) and that you deduct (images, frequency of use, hours of use), frankly I do not see much actually exploitable. How will you do to introduce targeted in what could be a possible advertising model? If tomorrow you really use images with indescribable techno recognition you go against what is the value of your product. In summary, in a few months you’ll look like MySpace today: a kind of desert dying that never ceases to die. The rest of the data? Between declarative and fake, nothing usable except phone number though. Super.
We can also talk to your user base. You do not want to disclose it. Everyone says you xx million users (the figures vary between 26 and 100) but there is never any sources, this is a figure that the media resume without checking where it really comes from. By cons you are quite good at game of photo sharing. If we confine ourselves to the study of KPCB you put rags to Instagram and Facebook and you just put behind Flickr. Frankly, it’s not bad. Ah yes, but it’s true, the pictures can not see them after ten seconds. Arf.
Another thing that can enhance a box: patents. Remember Motorola? You may be too young to have drooled at the StarTac but when Google acquired Motorola, it was for what in your opinion? Your concept is the era of the time, I say. Bad luck, you have not patented. Facebook could even make a clone unmolested. Well, OK, this is a beautiful failure, but we’ll talk later this post is already long enough like that.
friends, I’m 35, and I knew the internet 14,400, newsgroups, IRC, Mosaic … A wide web, I am p * cking old fart. Let us, I am fine, but as such, well no, I do not really understand how your product can be valued at more than pay Mark thought to offer a helping youth at the base of users and slam the donut two or three cold fish in the Valley. Contractor is wanting to make things happen, inventing non-existent, it is useful or futile. But it is also having a severe desire to become filthy rich and one day rewarded for all the work done.
you see, dear Evan, dear Bobby, there are many in France we be ashamed of that.
So make me a promise, if it’s really true-it-that-on-words and Tencent you really-for-the-real made an offer to 4000000000, stop playing this con time …
PS: Do not forget that as a venture capitalist can be a great friend, as always happens on a day when he feels an irresistible urge to break even
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Follow me on Twitter (@ zdar), Facebook, and … uh, no, I’m not Snapchat.
Oh by the way, the images are illustrative of this Tumblr my faith very nice.
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