reply on: Hey so SN raised a seed round \ stacker news ~meta

1000 sats \ 5 replies \ @pony 12 Jul 2022 \ on: Hey so SN raised a seed round meta

never is this site worth 25 Millions

79 sats \ 3 replies \ @k00b OP 12 Jul 2022

Hey stop being mad about rewards.

An easy way to get rewards again if you aren't going to contribute content is to upvote good stuff and be the first to upvote good stuff.

Here's some sats.

0 sats \ 2 replies \ @pony 12 Jul 2022

i am not mad, this is my honest opinion.

thanks for the sats though

275 sats \ 1 reply \ @oli 13 Jul 2022 freebie

This is not how startup investing works. No one would buy Stacker News for 25M$ today. Investors are betting on @k00b's vision to build a Reddit competitor. If he is successful, they are potentially looking at 10% of a multibillion-dollar company, a pretty good payout. If it fails, they are collectively down 1.25M$. There's not much in between, so the current valuation number isn't all that critical.

Also, many people get funded for a vision before they even have a prototype so a 25M$ valuation isn't unusually high. The valuation is not based on what @k00b has built so far but on what @k00b plans to build.

10 sats \ 0 replies \ @pony 14 Jul 2022

thanks for the explanation

0 sats \ 0 replies \ @Kaffi 22 Feb 2023

to be fair it's essentially a custodial wallet with a social media aspect. I could definitely see Stacker.news taking more money without anyone even knowing because of how much our sats move around and the boosts and etc. This might be a really high-margin website.