Well I'm going to head off the predictable and boring "bubble" comments and say this:
Pinterest has real value and a clear path to monetization through affiliate and/or advertising revenue. It's really a stupidly simple idea (essentially scrapbooking on the Web) executed incredibly well.
Is it worth $1.5B? I don't know. I would say it's definitely worth more than Instagram for whatever that's worth (not a lot). I guess we'd need stats on number of active users, engagement and revenue to make that determination--something we're not likely to get.
The only concerning point to me is that that it's foreign money, only because foreign money seems to be less discerning, at least based on DST and similar investments.
Anyway, congrats to the team. They've done exceptionally well.
Pinterest has real value and a clear path to monetization through affiliate and/or advertising revenue. It's really a stupidly simple idea (essentially scrapbooking on the Web) executed incredibly well.
Is it worth $1.5B? I don't know. I would say it's definitely worth more than Instagram for whatever that's worth (not a lot). I guess we'd need stats on number of active users, engagement and revenue to make that determination--something we're not likely to get.
The only concerning point to me is that that it's foreign money, only because foreign money seems to be less discerning, at least based on DST and similar investments.
Anyway, congrats to the team. They've done exceptionally well.