Come on. Even if snapchat rapidly declines I am guessing Spiegel is going to end up doing alright. Why not go for it like Zuckerberg did instead of selling?
Can't succeed if you don't try. Good for the founders for deciding to run with it.
Oh surely he will be fine. You would be a fool if you did as well as they did now, and ended up in really dire straights on a personal level.
Having said that, I agree. It was likely a huge mistake to turn that down. FB has whats app, and there is now so much competition in this space its uncanny. From iMessages, to FB Messenger, to Whats App, and smaller players like Kik, it seems like a congested market.
Comments
Come on. Even if snapchat rapidly declines I am guessing Spiegel is going to end up doing alright. Why not go for it like Zuckerberg did instead of selling?
Can't succeed if you don't try. Good for the founders for deciding to run with it.
Oh surely he will be fine. You would be a fool if you did as well as they did now, and ended up in really dire straights on a personal level.
Having said that, I agree. It was likely a huge mistake to turn that down. FB has whats app, and there is now so much competition in this space its uncanny. From iMessages, to FB Messenger, to Whats App, and smaller players like Kik, it seems like a congested market.
You can do both--sell your revenue-less startup for billions and then start a real business with a portion of your fortune.