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by hornbaker
5086 days ago
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SocialCam's main competitor, Viddy, just raised at a $370M valuation, and some data[1] show SocialCam at around 2X the traction of Viddy (post-sharkfin for both). The modest scale of this acquisition is not the kind of comp you want to see if you're Viddy, especially with their Series B terms[2]. I'm curious what the HN crowd thinks – has mobile social video peaked, or has it just not been done well enough yet? 1. http://i.imgur.com/ncvPr.png
2. http://www.businessinsider.com/viddy-series-b-terms-2012-5 |
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It's not sustainable and they knew it, Facebook will eventually kill off this kind of traffic so they sold out before the wave completely fizzles out.
Great job to them, was the right decision.