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Updated on Friday, August 28

#21220

OMG: KiK valuated at over a billion? Sure. No tech bubble at all.

19 comments

  1. Should rename it Sext

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  2. All software tech = overvalued. Consider twitter... how much fucking money is 140 characters worth... especially considering that so many people have it and use it for useless statements.

    These days you can basically create an app that shares pics of your shits with your friends, and its instantly worth 10 million.

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    1. Like YikYak, but you get to see poops in your area? Maybe add a tagging feature for time of day and recently visited restaurants?

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  3. I have to agree with posts 1 & 2. The whole concept of Kik is sketchy to me. Anon texting that's easy to set up? Yes. Nothing sketchy about that at all. Plus when you have Bloomberg estimating that roughly a third of users are underage from 12 and up that rings a few alarm bells in my head.

    But UW will keep playing cheerleader for this business. I don't see who would really advertise on this platform other than "Plan B" and Huggies. I also question the strategy of the company. If there is a problem with legalities of users and it's known why wasn't anything done earlier? Why did they wait until this year to put in a program to help curb abuses? Oh wait! Because they wanted to get funding. Silly question. Why do the right thing if it adds to overall costs?

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  4. Don't stress, the money is from Sina: it's the communist money and......they have a lot of money.

    But on a serious note, Sina has WeChat which is used by any Chinese local or oversea, and they know what they are doing. WeChat also has a Facebook integrated inside of it, which their users are CRAZY about, plus they also own Weibo, which is Twitter in China. So Sina is basically Twitter+Facebook+Whatsapp combined. The money they invested in Kik is couch change to them. My educated guess is that they attempted to invade the North American market with WeChat without luck, and they place their bet on Kik, which is their only chance since Whatsapp was taken.

    Tech bubble is not a thing until our economy continues to be dragged by China's slow growth because the money lost in a tech start up is relatively small compared to money vanished in the Chinese stock market this past week. Tech bubble is not a thing because tech is not the stock's market where people can short sell and most investment can be vanished in days.

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  5. On a side note: can anyone name a UW startup which started out great and continued to have commercial success down the road? I have my own theory about Canadian start ups. I believe that due to how Canadians are raised in this relatively dull, conservative, poor environment compared to the US where there are more vibrant arts, cultures, history, entertainments, and great amount of world class universities. I don't doubt the technical excellence of canadians, same as Germans, north europeans, Chinese. But there's something about being raised in the US with more fun that they have as children that make them more innovative. Not just technocally but artistically more innovative, which makes them great in developing great start ups.

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    1. I guess there's an advantage or two for winning a world war LOL

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    2. I don't disagree with you 5. In Canada we're always taught to be proper, polite, with a set rule of things (well from where I'm from at least). We're more reliant on employers to employ us and the State to keep us from harm. This tends to breed complacency and "safe" careers rather than innovation and creation. Americans are more self-sufficient and entrepreneurial, albeit a more harsh society, giving incentive to "make it" financially. Failure in the U.S. is much less forgiving therefore more businesses will do whatever it takes to succeed. Imo of course.

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    3. How about Blackberry? Have you been living under a rock? Most startups get bought by other companies that's how you get rich.

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    4. @5.c What about Blackberry? A business that grew and then became so full of themselves they imploded? Making a fast buck doesn't interest everyone either. Some like to build businesses for something to do rather than to get rich and drive around in fancy cars trying to show off.

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    5. I actually disagree with you there 5, the culture aspect at least. Americans have more successful startups because they have more money and people, no other reason. They're not more innovative and creative, its just easier to get enough people around to get it so you can keep turning a profit.

      American culture is the same way. The number of actually talented people is not disproportionately higher than Canada's. The rest is flotsam getting by because there's just so much money being thrown around.

      @5a: Not sure you can say America won WWII any more than Canada did. They beat Japan for sure, but I'm sure that carried many benefits for them aside from the atom bomb.

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    6. Pretty much 5.e. In the U.S. they tend to throw money at everything and hope something sticks. In Canada I find one needs to prove themselves first and then money may come in for investments.

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  6. I completely disagree with you 5e, 5f. In Canada, there simply isn't a market and sufficient capital to compete with the USA even if there is a great idea. USA won WWII. Canada was only a very small part of the war, and we benefited only because we were a USA's ally during the war. US became the hegemon after WWII, and still was until very recently

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    1. Technically, we were England's ally. We didn't *side* with America.

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    2. lol wwii. because that's relevant somehow.

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  7. If there's any tech bubble at all, its certainly different from all the bubbles before.
    http://a16z.com/2015/06/15/u-s-tech-funding-whats-going-on/

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