Greycroft’s Sigalow Says Snap Was Under-Priced at $17

The transcript discusses Snapchat's initial stock valuation at $17.00, perceived as underpriced by some due to its monetization potential. It highlights Snapchat's low revenue per user compared to other mobile apps and its untapped advertising and in-app purchase opportunities. The competition with Instagram is noted, with both platforms targeting similar demographics. The discussion also covers investment decisions, including a past $3 billion offer from Facebook, and the unique growth of Snapchat outside San Francisco, challenging conventional venture capital beliefs.

What challenges does Snapchat face in competing with Instagram for the same user base?

What was the speaker's opinion on Snapchat's decision regarding the $3 billion offer from Facebook?