Snapchat

“Spiegel's actually somebody I would like to see step away from Snapchat. It's never going to make any money. There's a sort of an enrichment scheme for employees.”

“It turns out that N three E an airliner seven 37 configured as a private jet is owned by Snapchat and Evan Spiegel. The operator is listed as S E logistics. Short for Spiegel Evan. Snapchat owns the largest private hangar at Van Nuys airport.”

“I really think like 99% of the tech talk. Time spent on that app will flow to Meta, YouTube Shorts, and then Snapchat, I do think will be a beneficiary, but maybe they capture five percent of like the bleed over.”

“Snapchat was also, they launched their whole creator fund and they were paying out like a million dollars a day”

“Dude, Evan Spiegel, super involved in the ad platform. I've had lunch and breakfast with him probably three or four different times. And he's just like, how can we get these ads to work? That's all he cares about.”

“They were running, like, a hundred million dollars a month of ads on Snapchat, right? Initially, right? When they were not, there was no presence.”

“Search Feels like it'll be a winner take, take all market, and it's, they're not gonna, you know, two years from now, if they're sitting at thirty million monthly actives, or even a multiple of that, it's hard to see it, you know, being worth, ah, you know, si…”

“Our most successful deal is one that broke all of the rules, ah, that I just laid out, which was Snapchat. Where I think we led the series C in that, an evaluation of about a billion and a half.”