As I get older, I’m starting to think the best way to predict a tech trend’s success is by how little I understand it. Right now, the app at the top of that list is Snapchat. I’ve tried to use its disappearing messages a few times, and I’ve watched a few “Snapchat Stories,” which—as best I can tell—are like Vines except they go away. And I honestly don’t get it.
But Snapchat CEO Evan Spiegel isn’t losing sleep over my lack of comprehension. Last week, Bloomberg reported that Snapchat was seeking to raise as much as $500 million in a financing round that would value the company as high as $19 billion. The amount may seem vast to aging pundits like myself whose memory banks include dim recollections of the 1970s. But it’s exactly my fast-approaching irrelevance as a tech consumer that makes 11 figures a totally reasonable sum for a startup run by a 24-year-old that has only the dimmest plans for making money
Tech is about the future. And judging by the recent past, the future looks like Snapchat.
Read on | Wired