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We had recently given an overview of what Blippy.com is and how Blippy works and then a little after that we mentioned that Blippy was already streaming 1 million credit card transactions but now according to Venture Beat Blippy has received funding that gives them a post money valuation of $46.2 million. Judging from some of the feedback on earlier Blippy posts some would think that this valuation is utterly ridiculous while others will think that it’s not high enough. What do YOU think?
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8 Responses to “Blippy: The “Twitter of Credit Cards” is Worth $46.2 Million…?”

  1. What does a post money valuation mean?

    A gap of $45.2 million seems pretty large. I don’t know much about the company but that cap makes me question things right away.

    Cheers!

    Brandon

    • Joel says:

      I am not sure what you are referring to by “gap” but post money valuation means the estimated worth of the company after the most recent amount of investment is taken into account so for Blippy according to the Venture Beat article they just received $11.2 million of new funding bringing the estimated value of the company after the investment to $46.2 million (conversely “pre money” refers to the value of a company before receiving a cash infusion).

  2. I think that’s so freaking awesome! Just goes to show anybody with an idea, and an execution can be rich in America!

    Maybe yakezie.com will be worth millions by the end of this year. Can’t wait to put the idea down on paper.. as it’s all up in my brain now. I think it could be big!

    Sam

    • Joel says:

      Can’t wait to see the master plan in action! Here is a quote that I love by Derek Sivers that always challenges me about putting ideas into action:

      “It’s so funny when I hear people being so protective of ideas. (People who want me to sign an nda to tell me the simplest idea.)

      To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

      Explanation:

      * Awful idea = -1
      * Weak idea = 1
      * So-so idea = 5
      * Good idea = 10
      * Great idea = 15
      * Brilliant idea = 20

      * No execution = $1
      * Weak execution = $1000
      * So-so execution = $10,000
      * Good execution = $100,000
      * Great execution = $1,000,000
      * Brilliant execution = $10,000,000

      To make a business, you need to multiply the two.

      The most brilliant idea, with no execution, is worth $20. The most brilliant idea takes great execution to be worth $20,000,000.

      That’s why I don’t want to hear people’s ideas. I’m not interested until I see their execution.” —Derek Sivers

  3. Monevator says:

    A lot of the time the crazy seeming money for things like this is option money – a bet on a genuine innovation that might come good.

    I can’t see how Blippy could be worth that at a glance, but the average Joe never thought anything innovative was worth 2 cents when first thought up, which is exactly why they didn’t think of it.

    Far more fail than make it, so it’s perfectly valid to say “not worth it”. But then the one comes alone that suceeds… Facebook, anyone? :)

    • Joel says:

      With over 100K users to date last I heard (not sure how many of those are active users) then some people certainly think Blippy is worthwhile.

  4. Nancy says:

    Perhaps to stop you spending when you shouldn’t? It does sound a weird idea at first, but perhaps people who are wanting to – say – give up smoking or drinking would actually welcome the idea that all their friends would know if they’d slipped back and spent money on their card on either?

    It’s a bit likely publicly talking about your weight and diet. Sometimes public details can make for welcome peer pressure.

    Now if in a future version you can choose who you share your data with and what parts of the data is shared…

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