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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

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Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. If the markets aren’t large then the company who managed its costs may be able to get a modest exit at a fair price and make the team wealthy precisely because they didn’t take on venture capital. Two-f **g-billion! What a disaster! Not necessarily.

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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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