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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. He built & IPOd Demand Media. But our best Internet software engineers have historically been exported on a net basis to the Bay Area. ”).

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Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. They hired a biz dev team to work on deals where their product could be embedded in other people’s products as a way to increase customer demand. If there was strong market demand for their product then this investment might pay off handsomely.

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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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