Justin Kan has been a big booster of Snapchat, and is a well-followed influencer there. Surprised that HN is so surprised at the success of Snap, given that one of their own has been on it for a very long time.
His snaps today about the IPO were somewhat critical, and he outlined his concerns with Snapchat. They were:
1. Snapchat's high infrastructure charges, ie $2 billion to Google.
2. Instagram inhibiting their growth by implementing similar features.
3. Inability to retain users.
4. The fad-ish nature of the product. How will SC innovate to keep users engaged?
Has he posted anything good as of late? I followed him 'cause someone mentioned Justin Kan was dropping knowledge on Snapchat, but his snaps were just "typical" rich guy stuff so I stopped.
