Comment by aswanson
11 years ago
This sounds contradicted to the mathematics/empirical/quantitative observations. Startups built on texting two alphabetic characters are attracting million dollar financing rounds. Startups based on erased timeouts of texts are declining 3 billion dolllar acquisition offers. VCs are trying to get deal flow by building the reputation of being the most helpful to entreprenuers. Interest rates are at historic lows and hundred billion dollar pension and mutual funds are pouring money into every 1st to 3rd tier vc to chase returns. tl;dr...this sounds like some bs.
The privilege level of Snapchat's founder would place that particular example closer to the investor segment. Quantitative observations can be complemented by fundamental analysis. tl;dr the articles provide 10 pages of relevant context.
"Privilege level". I guess that means because his dad was already rich, the valuation of billions of dollars for a disappearing text service means nothing, along with the fact that forbes inflated a two-page article into 10 means something. Ok.
It means the "balance of power between entrepreneurs and investors" is different when your monthly allowance runs into the thousands, i.e. this very successful and commendable outlier is not represenative of the norm.