Niko Bonatsos, Principal at General Catalyst, clarifies Snapchat's recent valuation when discussing pre-revenue valuation benchmarks.
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“The latest was ten billion, yeah.”
quote is from the automated transcript, cleaned for reading:
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“We know that growth is gold, and when you see momentum as an investor, pretty much, you know, it's fifty-fifty if it's healthy, sustainable growth that it's gonna work out.”
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PredictionNot checkable as stated
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Bonatsos: Building on third-party platforms creates severe platform risk
“Taking platform risk is a very serious gamble. And for sure, when you decide to build on top of somebody else's platform, user acquisition may become easier. You don't have to deal with a lot of other hassles that historically, you know, you may have to deal, …”
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AssertionSupported
Bonatsos: Data shows $10B+ tech companies usually have 2-3 co-founders
“You know, historically, if you look into the data the companies that have built unicorns or that have built Tech products and companies that have become ten billion dollar plus market cap enterprises tend to have a team founding team of two to three, you know,…”
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