Failure is the condiment that gives success its flavor.
Amid the bared midsections and flawless smiles flashed all so often on the screen comes the explosion of the ugly selfie, a sliver of authenticity in an otherwise filtered medium. Take a tour through Selfie.im, the adolescent-dominated selfie-sharing app for the iPhone, and you won’t find pouted lips but close-up shots of double chins, insides of mouths, makeup-less pores, exaggerated toothy growls and duck lips zoomed in so close that they look grotesque.
Thanks for the mention, NYTimes. Although in our opinion — there are no ‘ugly’ selfies. There’s showing off and there’s being authentic.
SelfieIM - authenticity :)
So It’s quite possible mobile social will have lots of services indefinitely. This creates opportunities, but also a pretty basic challenge to Facebook. Partly in response, it paid first 1% of its market value for Instagram and now close to 10% for WhatsApp, taking not dominance but at the least two of the commanding heights of mobile social. That’s the right way to think about value, I think - not ‘OMG $16bn!”, but “is this worth 10% of Facebook?’ The deal values WhatsApp users at $35 each (very close to what Google paid for YouTube, incidentally), but the current market cap of Facebook values its MAUs at $140 or so.
Many many smart people already read Benedict Evan’s take on mobile stuff. His analysis of WhatsApp is a good reminder for me about the meaning of innovation - and for all the business and finance speak, that’s what Benedict talks about the most: the value of innovation.
And when I think about the financials of tech, what founders get on exit is one of the least interesting bits — it’s much more interesting to consider what the product — how people are using it, how often they come back, how they will use it in the future — is worth to companies that think in the future tense. In many cases, breaking it down to value per user gets closer to the point than the overall price tag.
Mr. Koum came over to Mr. Zuckerberg’s home, crashing the dinner Mr. Zuckerberg was sharing with his wife, Priscilla Chan. The two men entered into negotiations, eating a plate of chocolate covered strawberries intended for Ms. Chan, the people briefed on the matter said.