Today in the Bay Area

[Lhalo]

Turn the machines back on!

[mrwicked]

Like I've been saying for a while - now that a big IPO happened (thought it was gonna be twitter, box or dropbox first) and was successful, we will likely see a mountain of other IPO filings happening.

Already this week square, box and seamless came out with news about their plans.

Here comes the wave!

Gonna be fun. 

[nate]

As long as Square can keep others from swooping in and doing it cheaper, they seem to be a future cash cow.

 

Out here at the swap meets and smaller shops I have noticed a lot of places with iPads or iPhones hooked up to Square.

[Brandon]

I'm holding out until angry birds goes public

[nate]

FB allegedly bid 3 billion for Snapchat.  Snapchat rejected the bid.

[Lhalo]

FB allegedly bid 3 billion for Snapchat.  Snapchat rejected the bid.

FB must be bummed. There's probably terabytes of quality boob shots on Snapchat's servers.

[mrwicked]

FB allegedly bid 3 billion for Snapchat.  Snapchat rejected the bid.

 

groupon turned down $6b from google - look how that turned out.

snapchat is in a pretty heated legal war right now, two of the founders decided to just oust the third guy.

so he's suing, and will likely win (his case is pretty rock solid).

such a lame company though. zero tech. zero barrier to entry. zero revenue. zeros running it.

but lots of users.

[nate]

Crazy, until today I had never heard of it.  It is like chat roulette?

[mrwicked]

Crazy, until today I had never heard of it.  It is like chat roulette?

 

its "ephemeral" txting.

its for sending naked pictures.

basically you send a picture and the other person can see it for 10s then it goes away.

but nothing stops them from screen shotting it.

lots of kids are using it. 

[Brandon]

heard about it from chicks at the bar. good idea. granted, like wicked said, they can still save the pic you just get notified or something like that.

 

never used it, but have been on a few with friends doing videos sending to other friends missing out.

[mrwicked]

yeah.

its only worth $$ because facebook is hemorrhaging teen users (read the recently quarterly earnings report).

same reason they bought instagram.

the real winner in that space right now is wechat (which is actually run by the same company that invested all the money into snapchat).

these apps are written in an hour. that space is all hype and users, not technology or innovation. 

[m0nkey]

Snapchat shouldve taken the offer

[mrwicked]

so rad. i love my town.

 

SF Morphs Into Gotham City for "Batkid" Battling Leukemia

http://www.nbcbayarea.com/news/local/SF-Morphs-Into-Gotham-City-for-Batkid-Battling-Leukemia-232054521.html

 

Edited November 16, 2013 by mrwicked

[mrwicked]

More pictures: http://www.businessinsider.com/batkid-saves-san-francisco-as-part-of-make-a-wish-2013-11

 

Edited November 16, 2013 by mrwicked

[Richard]

Looked like a world series parade. Good job SF and Make a wish!

Edited November 16, 2013 by Richard

[mrwicked]

uber now doing $20,000,000 of business a week, and growing.

crazy.

sometimes i feel like about half of that is from me.

 

Uber on track to make $210M on over $1B of rides in 2013 as revenue jumps 68%

http://venturebeat.com/2013/12/04/uber-on-track-to-make-210m-on-over-1b-of-rides-in-2013-as-revenue-jumps-68/

[mrwicked]

dropbox takes another $250m in funding, now valued at $10,000,000,000 ($10b).

crazy.

i remember when he first announced on hacker news (https://news.ycombinator.com/item?id=8863)

 

Dropbox closes another $250M, rocketing valuation to $10B

http://venturebeat.com/2014/01/17/dropbox-closes-another-250m-rocketing-valuation-to-10b/

[mrwicked]

twitter revealed what all rational people already knew - as all hype and little/no substance (and least not enough to warrant that valuation).

lost almost $600m last quarter.

stock down 20%.

 

http://techcrunch.com/2014/02/05/twitter-user-growth-still-slowing/

Edited February 5, 2014 by mrwicked

[mrwicked]

GoPro files to go public.

Great company. Profitable since inception, awesome/effective marketing efforts, huge following, market domination, killer growth.

They have been around for a decade and bring in money hand over fist.

Did $512m in revenue in 2012 year and probably over $1b last year.

 

GoPro announces IPO plans, looks to cash in on a decade of smart choices

http://pando.com/2014/02/07/gopro-announces-ipo-plans-looks-to-cash-in-on-a-decade-of-smart-choices/

Edited February 8, 2014 by mrwicked

[nate]

Wow yeah, they are a great company.  Will be interesting to see how much the IPO brings in.

[mrwicked]

They were doing to do the offering a couple years ago but they brought in $200m through an extra round of funding, which I think valued them at over $2b.

Typical float is 20% or so (not the idiotic sham of groupon et al who do a 5% float just to try and restrict supply because they are a POS company).

I think they will do well assuming the numbers we're hearing are legit.

[nate]

They also have really good sponsorships across all the action sports.  I have a Go Pro 2, it is amazing. 

[mrwicked]

stock tip: short TWTR. 

tomorrow is first (albeit small) lockup period expiration: another 9.9 million shares (14%) are released.

Edited February 14, 2014 by mrwicked

[nate]

Vandals Flip Smart Cars Over in San Francisco

 

Lol.

[Taylor]

Vandals Flip Smart Cars Over in San Francisco

 

Lol.

 

 

"A fourth car - a small white one with a faded "Obama Biden" bumper sticker was discovered Monday morning, flipped onto its right side at Coso and Prospect avenues between the Mission and Bernal Hights."

 

Almost all of the descriptors of this fourth car are redundant and unnecessary.