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billion 2013 figure) have been massive financings at Honest Company ($70mm), JustFab ($85mm), ZipRecruiter ($63mm) and lord only knows how much SnapChat has actually accumulated. And of course we have great public companies that have spanned content & communications like J2 Global whose market cap as of this writing is a cool $2.5
Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” Two-f **g-billion! What a disaster! Not necessarily.
Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. We are going to write checks of between $100,000 and $500,000, and we are going to invest in what we are calling first institutional capital. Tell us about the new fund? We have a very entrepreneurial LP base.
In more than a decade of writing about the Internet and tech-enabled businesses I’ve learned that mobs don’t do nuance well. Our social graphs are locked in Facebook, Twitter and Snapchat. So Where Do I Personally Net Out? The reality is that cryptocurrencies can be both and can be liberating and corrupting at the same time.
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