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> there app is a fad.

My post really has nothing to do with Snapchat specifically. Snapchat could just as easily be Instagram -- which also had no revenue when it was acquired by Facebook for $1 billion.




The current model is "build your house next to a billionaire's house so they'll acquire you to stop any potential encroachment."


This is one of the best descriptions I've read of the concept.


Inspired by Real Life Events™.


Yeah I just believe that you can only go so far with an app that is used to send funny pictures to your friends, the fun will eventually die. It just seems to be the same Ron Conway and group going money going round in a circle with a lot of these companies.


How much revenue does it have now?


don't know.. they haven't released the numbers AFAIK.

But it's not really relevant IMO... Is there another industry that will pay out $1 billion for a company with no revenue (and no patents)?




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