I think Snapchat is a super interesting privacy phenomenon because it creates a new kind of space to communicate which makes it so that things that people previously would not have been able to share, you now feel like you have place to do so.
Amid intensifying interest from deep-pocketed investors, the startup is looking to raise up to $200 million at a valuation of $3 to $4 billion, according to people briefed on the matter.
We are talking about Snapchat. Apparently, they refused an offer from Facebook superior to $1 billion. And they still are not generating any revenue.