1000 sats \ 5 replies \ @pony 12 Jul 2022 \ on: Hey so SN raised a seed round meta
never is this site worth 25 Millions
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.
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i am not mad, this is my honest opinion.
thanks for the sats though
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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.
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thanks for the explanation
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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.
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