Ben Gilbert: evaluation

Transcript context

…Yeah. I mean, Snapchat is they are an LA-based company. The chairman of the board is, I believe, is it Michael Lynton I think who was the Sony entertainment CEO. And in many ways, Hollywood and media and television is as core to Snapchat’s DNA as Silicon Valley in tech is. Totally. Before we move into tech themes, and this is right on the border of what would have happened otherwise in tech themes, was this the right way for Snap to go out and did it get them the right investors. So what I mean by that is Snap is company that even more so than any of these other tech companies is going to potentially have a real tough time with these quarterly earnings and if they got themselves a bunch of retail investors that were short-term and excited for the pop and got in because there was all this excitement and demand, and they didn’t get this long-term investors… like here’s the counter example. Amazon was extremely clear in their S-1 and somehow built this incredible investor base who is willing to wait decades for them to start being profitable. Yeah, it's that great line that Tom said on our episode, that Jeff always says, you get the investors you ask for.…

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