Socialcam Founder: There Will Be No Instagram of Video(pandodaily.com)
pandodaily.com
Socialcam Founder: There Will Be No Instagram of Video
http://pandodaily.com/2012/07/17/socialcam-founder-there-will-be-no-instagram-of-video/
12 comments
There was. It's called YouTube.
Right. I don't really see where they thought this was going to go. In my opinion, this is much better outcome than what should have been expected.
"Instagram" means mobile here, so a mobile video exploding success hasn't happened yet.
Youtube is huge on mobile, it just isn't the core of Youtube.
>No one invests hoping for a mere 3x return.
As in, in the VC sense where you expect most people to fail, etc, right?
'Cos any day of the week I'd like to have some access to 300% returns. Especially 300% in 6 months.
As in, in the VC sense where you expect most people to fail, etc, right?
'Cos any day of the week I'd like to have some access to 300% returns. Especially 300% in 6 months.
In VC mathematics, you always divide by the entire lifetime of the fund to calculate your rate of return, because there's no recycling allowed. You also got to factor in compound interest and management fees, so in Socialcam's case, this works out to about 3-4% return. Dan Shapiro explained it well here:
http://www.danshapiro.com/blog/2010/08/vc-insanity-economics...
edit: calculating Socialcam's ROI
http://www.danshapiro.com/blog/2010/08/vc-insanity-economics...
edit: calculating Socialcam's ROI
The HN discussions on the article are also very good:
http://news.ycombinator.com/item?id=3683607
http://news.ycombinator.com/item?id=1598728
http://news.ycombinator.com/item?id=3683607
http://news.ycombinator.com/item?id=1598728