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Finally an IPO that makes sense to me.

I can understand the value of Dropbox. Stuff like Snapchat being worth billions just make me feel like I don't know how anything works anymore.




Dropbox is a utility/product/feature. It can be replaced.

Snapchat is a network and therefore is open to network effects, i.e. the sum becomes greater than the parts.

I think in ten years time Snapchat will look the more justified valuation, providing they execute.

Dropbox are going to struggle unless they can innovate ontop of the current business model.


> I think in ten years time Snapchat will look the more justified valuation, providing they execute.

They execute what, exactly? I looked at their investors page. Doesn't make any sense. It's a sexting app!!!




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