Episode 32: The Snap Inc. IPO
Acquired
00:00
Snapchat Is the Next Big Thing
This company was gross margin negative. That means they were selling dollars for 50 cents, uh, or 90 cents or whatever until like a couple months ago and they are now a 35 billion plus market cap public company. And it's not just like Twitter where they weren't profitable because of their massive operations. Like going public without being net income positive is a common thing. But going public while being gross margin negative is a very uncommon thing. Yeah. David, if you have any dollars to sell me, I got, uh, I got50 cents for you and then go run a business off that revenue. I am a VC.
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