It appears you have not yet registered with our community. To register please click here...

 
Go Back [M] > Madshrimps > WebNews
Tech startups getting overconfident Tech startups getting overconfident
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Tech startups getting overconfident
Reply
 
Thread Tools
Old 20th November 2013, 07:29   #1
[M] Reviewer
 
Stefan Mileschin's Avatar
 
Join Date: May 2010
Location: Romania
Posts: 126,906
Stefan Mileschin Freshly Registered
Default Tech startups getting overconfident

Tech startups might be becoming overconfident when it comes to buy-outs.

The problem is that many think that Instagram should have held out against Facebook's offers. The company which Facebook bought for a billion is probably worth $5 billion to $15 billion today.

So when Snapchat were also wooed by Facebook they turned down a $3 billion offer thinking that they could earn just as much.

Snapchat CEO Evan Spiegel confidently told the world that he would not be looking at any buy-outs or venture funding until next year.

But according to Slashdot, that is the sort of thinking which could really stuff a company up.

Snapchat earns no revenue. It is popular among users who want their online messages to self-destruct after a short, preset amount of time so their parents cannot see them.

Facebook already replicated Snapchat's functionality with its Poke app but wants Snapchat's user base. The chances of it actually making money when its sole function is to erase data the moment it appears has not occurred to anyone.

However, according to Slashdot, Snapchat thinks it can score a better deal within the next few quarters. If they are right, then they will be praised for being smarter than the folks at Instagram who sold for a "measly" $1 billion.

http://news.techeye.net/business/tec...-overconfident
Stefan Mileschin is offline   Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
How hardware startups changed the face of CES Stefan Mileschin WebNews 0 16th January 2013 08:34
Micron Technology, Inc., and AgigA Tech Collaborate to Develop Nonvolatile DIMM Tech. Stefan Mileschin WebNews 0 15th November 2012 06:52
A Low-Tech Solution to a High Tech Problem - Airepad Laptop Cooler Stefan Mileschin WebNews 0 8th May 2012 06:52
one more drawback of TN LCD tech Rutar General Madness - System Building Advice 2 5th October 2007 13:04
BFG Tech 650W PSU jmke WebNews 1 4th October 2006 09:41
Tech Station Sidney WebNews 7 24th November 2004 20:51
XGI Tech Volari V8 Sidney WebNews 0 4th November 2004 23:38
ADS Tech Instant TV Sidney WebNews 0 2nd October 2004 15:14
Cinemediapc @ Bit-Tech jmke WebNews 0 27th May 2004 14:27

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT +1. The time now is 18:25.


Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO