B
Bronte Media
homethinking.com · Personal blog · on HN since 2009
Bronte Media is a blog on startups, internet business, and investing, with posts on Facebook, ad networks, and secondary markets.
What HN saysHN commenters debate its views on secondary market valuations and Facebook, and cite its post estimating 4chan's revenue.
15HN people shared it
4linked it in comments
14stories submitted
53story points
16 years agolast shared
2009people per year2026
Most-shared posts
- 1Secondary Suckers4 people · 2 points · first shared 2010 · discussion on HN
- 2Mark Pincus on Metrics1 people · 23 points · first shared 2010 · 1 comments on HN
- 3Google’s Strategic AdMob Misstep1 people · 10 points · first shared 2009 · 4 comments on HN
- 4The Impending Doom of Facebook Apps1 people · 8 points · first shared 2009 · discussion on HN
- 5Online Education: Subprime 2.0?1 people · 2 points · first shared 2010 · discussion on HN
- 6Minimum Viable Product: Case Study Me1 people · 1 points · first shared 2009 · discussion on HN
- 7How defensible is Groupon?1 people · 1 points · first shared 2010 · discussion on HN
- 8Behavioral Targeting and Advertising1 people · 1 points · first shared 2010 · discussion on HN
- 9Nuances of Twitter Financing1 people · 1 points · first shared 2009 · discussion on HN
- 10A Content Experiment1 people · 1 points · first shared 2010 · discussion on HN
- 11Bezos 37 Signals1 people · 1 points · first shared 2010 · discussion on HN
- 12Angel Index Fund Bullshit1 people · 1 points · first shared 2010 · discussion on HN
- 13Natural Effect of the Holidays on Conversion Rate1 people · 1 points · first shared 2009 · discussion on HN
- 144chanorg 300m page viewsmo about 6k in revenue1 people · first shared 2010
What HN people wrote when they linked it
BenS · 2010-09-23
There is a relevant difference between valuations derived from secondary markets and public markets. Investors in secondary markets rarely have clear understanding of real financials or the capital structure of the company. This is a good writeup: http://www.homethinking.com/brontemedia/2010/09/17/secondary-suckers/
Also, Chicago has lots of smart people, and I agree with you that FB is well positioned to make lots of money.
dhh · 2010-09-23
2. The bond and equity markets are based on sound regulation, transparency, and quarterly statements. Facebook has none of those things when it operates in the dark of the secondary markets.
3. Again, these premiums are based on outstanding shares traded under the transparency of the public stock market. See Secondary Suckers for a nice take on the perils of the secondary market: http://www.homethinking.com/brontemedia/2010/09/17/secondary-suckers/
4. Do you have their P&L handy to back that up? If the valuation was so wonderful and they were raking in the profits, then taking series E funding three months ago doesn't make much sense.
matthewphiong · 2010-08-14
Ads. But sites like 4chan is more of a community-focus site and they don't really focus on making money. Here is a post about 4chan's revenue:
http://www.homethinking.com/brontemedia/2009/02/22/4chanorg-300m-page-…
The revenue is enough to cover the hosting plus maybe a few hundreds extra. That's all.
gyardley · 2010-06-06
The closest I can think of is a short on QuinStreet (NASDAQ: QNST), which is a public lead-generation company highly reliant on marketing money from private universities. Online advertising firms in general would take a hit since education is a major category.
See the analysis and presentation here:
http://www.homethinking.com/brontemedia/2010/05/27/online-education-su…