37signals valuation tops $100 billion after bold VC investment (2009)
It's funny that people here think he's making fun of snapchat, but the article is from 2009. He was making fun of facebook's $6.5b valuation (or maybe it was $10b). The fact that he was completely wrong (fb is now over $100b) doesn't stop people here from thinking that there's wisdom in this nonsensical post.