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Next on Deck for Snapchat and Pinterest: Some Sales Help?

Next on Deck for Snapchat and Pinterest: Some Sales Help? | MarketingHits | Scoop.it
You need to spend money to make money. So, when and how will the pair of hot startups make money?


Earlier this week, AllThingsD broke the news of two major fundings of a pair of hot startups: Scrapbooking service Pinterest and messaging service Snapchat.


Pinterest’s round of $225 million at a $3.8 billion valuation was confirmed by the company, while Snapchat declined to comment on one it is working on to raise several hundred million dollars at a $3.6 billion one.

But numerous sources said the Los Angeles-area company was indeed talking to an Asian strategic investor — AllThingsD named China’s Tencent as the likeliest candidate — and others about the funding.


The news quickly brought out the expected agonizing about the creation of yet another bubble in tech investing, a meme that was especially underscored by the fact that neither company makes any revenue to speak of, if at all.

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