My 10 Seconds of Digital Media Fame
summary
An investor recounts Lightspeed’s early bet on Snapchat: initial uploads ~10 million photos per month, by May 2013 200 million photos per day, by September 350 million photos per day, and the October launch of Snapchat Stories. Describes a hidden filter test — secret screens: type BMW for black and white — and a $15,000 Saint Francis High School teachers’ stake now valued at over $2 million (illiquid). Three takeaways: listen to teens, mobile growth is unpredictable, top founders often come from college.
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