Yik Yak

Even Sequoia has a graveyard: social bets are nearly impossible to call early

Jack Smith's point, via Shaan: even Sequoia, who led every WhatsApp round into a ~$19-20B exit, also funded social flops like Yik Yak and Whisper. If the best investors swing and miss this much on social, predicting a social hit before it plays out is essentially impossible.

“if even the best guys who have had the home runs have a bunch of swings and misses with social, it just shows how hard it is to correctly predict social before it plays out.”