- Uber raised $ 1.2 billion at a valuation of $18.2 billion, catapulting it at a top spot on the list of billion dollar ‘startups’
- Pinterest raised $ 200 million at a valuation of $ 5 billion
- Snapchat – ‘The Biggest No-Revenue Mobile App Since Instagram’ – declined a takeover at $3 billion
- Apple announced to Beats for $ 3 billion
- And, Yo – an app that 'simply' allows you to send two letters to your friends like a 2014 version of facebook’s poke – receives $ 1.2 million funding
For an interactive version of the full list, check out the Wall Street Journal.
For further information on (current) tech bubbles, you can follow the Economist debate.
Do you think these companies will be worth their investors' money?
1 comment:
Speaking of Yo - stupidity or life-saver?
While most people still consider this app hugely overvalued, others have come up with a new use case: the app now partners with the Israeli real-time missile alert system Red Alert. Thereby, users receive a 'Yo' in parallel to Red Color emergency sirens 15 to 90 seconds before a rocket hits their area - potentially saving lives!
http://www.wired.com/2014/07/an-actually-useful-version-of-yo-is-warning-israelis-of-rocket-strikes/
Due to limited internet access, this use case is not available to Palestinians.
While I wish the above use case were not needed by anyone, this at least proves that even the simplest app can make a difference for some lives.
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