emorse: Whaaat?! I don't biwiv dis yet. Let me do a lil research on it. I'll be back.

Godmother: What kind of foresight!!! Nothing stops a competitor from coming up with a similar product in the near future and kicking him off the market. He should have just taken the 3 billion and then come up with a different pet project

Godmother: What kind of foresight!!! Nothing stops a competitor from coming up with a similar product in the near future and kicking him off the market. He should have just taken the 3 billion and then come up with a different pet project

Urine: What you guys don't know is that he also turned down 4 billion dollar from Google. If these sharks are willing to offer that much, it simply means they have more to gain from it.

emorse: Its actually true. He even turned down a $4b offer from google. This could turn out to be his greatest mistake ever. Google/Facebook would make a lot of money with it - yes. But I'm sure he didn't expect to make $4b with that app so soon. Besides, competition could spring up soon and knock him out of business. Anyways, its just my opinion.

2s£xy:


this is the same words by people in the know about how this works. 3 billion dollars is a lot of money. Why turn it down? I read about this story a week ago and some guys say some years later, he will regret this move as it may fade away soon.

As I type this now, another dude is contemplateing whether to accept $200,000 for a domain name or develop the domain name.

Man, this whites are crazy!

2s£xy:


Not just Google, there are others as well. What we are saying is that it may not be a cool tool in the near future. Just watch!

thegoodjoehunt:

If Spiegel had accepted, let's say $300,000 for snap chat.com domain, it won't be worth over $3 billion dollars today. Sometimes developing is better. Spiegel might be on the verge of upgrading snapchat into something worth more than a clone can't offer. It is all in the vision.

Urine:

If two Internet giants are willing to offer billions of dollar for a product, doesn't that tell us the future of that product is bright? Tech entrepreneurs are not your average Joe, their pattern of thinking is not rational and that's why they are unique.

Also, I don't think these sharks are after the app, they are more interested in the technology behind the app. If you send files and they can automatically dissappear, after the receiver views it...the possibilities.

shawnmayour: owning a brand such as snapchat could be more of a personal dream rather than a business. This could be something he could boast of and something he could call his own. Why do we have to believe the Googles and Facebooks of this world should own prospective money-killing brand such as this. Money is not the only thing one should think of getting when innovating a brand which would catch the eyes of the big boys

emorse:
Your signature tells me you don't really mean this.

emorse:
Your signature tells me you don't really mean this.

2s£xy:
Guys, talking about vanishing files after the recipient views it, 2go can also do that.

2s£xy:
bro, this all about our BUSINESS! And we have a lot to learn from this scenarios with projected vision of past events; he should have considered another option. Truth be told, this would have been the world's biggest buy in the history domain/webiste acquisition.

But turning down 3-4billion dollars is incredibly INSANE!!!!

Rick Schwarts has a way he does it if he doesn't want to sell his domain. He simply ask for revenue sharing in the case of Candy.com. When Google acquired Youtube, the former owners didn't sell it off completely, man. They ARE still part and parcel of the youtube company and possibly heading that angle.

Nokia was recently sold to Microsoft but NOT completely as the owners still has a share in the company.

If I had turn down that $25,000 which you are aware of, wont you think I am under a spell, even though the supposed buyer was doubting because I am a Nigerian and didn't follow through the deal?

Hope you know about the other dude who is currently contemplating whether to accept $200,000 or not for an un-developed domain, let's leave out snapchat. What do you think about that? The guy in this case was given the option of also sharing the revenue/shares of the company sales. That to me is the best option rather than outright turning down such mouth-watering offers. The guy in question never considered developing this domain until $200,000 was thrown his way. The question is: does he have the funds to match a multibillion dollar company's competition in terms of adverts, sales and revenue-generation?

Whatsapp is currently owned by facebook or google. They bought it less than a year ago.

But on the second thought, maybe these companies are just buying chat-sites to kill possible/pontential competitors off the radar. Perhabs, that's why snapchat owner doesn't want to sell.

Only time will tell what would become of this in the near future.

P.S: I will like to see these companies scrambling to buy a Nigerian owned innovations someday. I hope Nairaland programmers are seeing that investors are looking for what to buy?

Goodluck to us all!

2s£xy:
bro, this all about our BUSINESS! And we have a lot to learn from this scenarios with projected vision of past events; he should have considered another option. Truth be told, this would have been the world's biggest buy in the history domain/webiste acquisition.

But turning down 3-4billion dollars is incredibly INSANE!!!!

Rick Schwarts has a way he does it if he doesn't want to sell his domain. He simply ask for revenue sharing in the case of Candy.com. When Google acquired Youtube, the former owners didn't sell it off completely, man. They ARE still part and parcel of the youtube company and possibly heading that angle.

Nokia was recently sold to Microsoft but NOT completely as the owners still has a share in the company.

If I had turn down that $25,000 which you are aware of, wont you think I am under a spell, even though the supposed buyer was doubting because I am a Nigerian and didn't follow through the deal?

Hope you know about the other dude who is currently contemplating whether to accept $200,000 or not for an un-developed domain, let's leave out snapchat. What do you think about that? The guy in this case was given the option of also sharing the revenue/shares of the company sales. That to me is the best option rather than outright turning down such mouth-watering offers. The guy in question never considered developing this domain until $200,000 was thrown his way. The question is: does he have the funds to match a multibillion dollar company's competition in terms of adverts, sales and revenue-generation?

Whatsapp is currently owned by facebook or google. They bought it less than a year ago.

But on the second thought, maybe these companies are just buying chat-sites to kill possible/pontential competitors off the radar. Perhabs, that's why snapchat owner doesn't want to sell.

Only time will tell what would become of this in the near future.

P.S: I will like to see these companies scrambling to buy a Nigerian owned innovations someday. I hope Nairaland programmers are seeing that investors are looking for what to buy?

Goodluck to us all!

onlineresource: I believe its the technology behind it that they are after and for the guy to turn it down, that means he's cooking something up that might change certain things in the tech world. It's his company and he knows the future that he's looking at...

suxes2005: Nice observations by y'all.

If any of you did a research into the guy's business, then you will understand
that he does not have the sole right to determine what happens to snapchat, not
with many millions of dollars of investors' money tied into it !

The guy would have convinced the investors easily to buy into the offer and everyone goes
home happy but tell you what, the investors behind the funding are market leaders and they
surely know what they need.

$3billion might sound much (infact its a big amount of money mehn... i go buy one state ....) but
those guys are not usually motivated by money. They don't even really care or feel too bad if they
fail at the end of it all - consider snapchat as a startup with few staffs.



The guy at irokotv, Jason, got $8million funding from angel investors if memory serves me well.
So we have guys doing big things online. We will surely get there that is if we develop something
worth investing in. Even this spinlet people seems they got funding as well from investors... I'm pretty
sure Seun of NL wudda receive lot of offers but will prefer to keep Nl to him alone (and mukina maybe.. lol)

I love internet. I love it/her/him so much. God bless internet for us !

SHALOM

Godmother: What kind of foresight!!! Nothing stops a competitor from coming up with a similar product in the near future and kicking him off the market. He should have just taken the 3 billion and then come up with a different pet project

emorse: Its actually true. He even turned down a $4b offer from google. This could turn out to be his greatest mistake ever. Google/Facebook would make a lot of money with it - yes. But I'm sure he didn't expect to make $4b with that app so soon. Besides, competition could spring up soon and knock him out of business. Anyways, its just my opinion.

elvis10ten: The guy just have to keep SnapChat cool and probably He will remain at the top. CONTACT ME IF YOU NEED A WEBSITE OR AN APP => EMAIL: elvis.chidera@gmail.com | PHONE: 07061317103

jidowu84:
create one like snapchat for yourself and become famous and first in africa. i have a unique domain if you are serious.