The True Impact Of The Snapchat Writedown For Entrepreneurs
Client: Mercury Fund
Snapchat is worth a lot less this month than it was last month.
Fidelity, one of tech’s most active late-stage cross-over investors, recently decided that Snapchat is worth about $23/share, instead of the $30/share initially estimated.
It’s part of an ongoing trend of cross-over investors trying to figure out exactly what unicorns are worth.
But what does that mean for the average entrepreneur?
The bubble didn’t pop. It just landed back on our planet. The best thing you can do for yourself, your company, and your future investors is build a business that works in real life.
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