Snapchat's money machine looks a lot like Facebook in the early days
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Lucas Jackson/Reuters Pictures
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That's a nice haul for a company in its fourth year of existence and which didn't start selling ads on its service until October 2014.
Snapchat's money-making trajectory looks a lot like Facebook's after four years. Twitter, in contrast, took a couple years longer to get to $300 million.
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Snapchat
- Time from founding until roughly $300 million in revenue: 4 years
- Founded: 2012
- 2016: $300 million to $350 million (projected)
- Valuation: $16 billion, or 49 times projected revenue at midpoint of range.
- Time from founding until roughly $300 million in revenue: 4 years
- Founded 2004
- 2007: $153 million
- 2008: $272 million
- Valuation in 2008: $15 billion, or 55 times revenue.
- Time from founding until roughly $300 million in revenue: 6 years
- Founded: 2006
- 2010: $28.3 million
- 2011: $106.3 million
- 2012: $316.9 million
- Valuation in 2012: $8.5 billion, or 27 times revenue
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