Groundbreaking, earthshaking and yes, disrupting. The “Yo” app is here. First mentioned in a Financial Times article last Tuesday (no link, since they make you sign up) it quickly grew and cracked the top 150 free apps in iOS by Wednesday night.
“Yo” is simple. All it lets you do is send a single message to your friends. Yes, you guessed right, that simple message is “Yo”. I got hooked Thursday night but signed up exactly when the app got hacked. A few “Yo”s later I was not able to communicate any more. Meh!
Wait! Did somebody say “Meh”? Boy, do we have an app for that!
Unlike its larger cousin, “Meh” so far is self-funded. “Yo” received third party funding to the tune of $1 million, plus $200k put in by its genius Tel Aviv-based founder, Moshe Hogeg. What’s even more disturbing is that the company could have raised $2.5 million. To that again we say:
Yo, Andreas, what’s the point of this story? I have no idea. I mean, I could get all moral on you and tell you about a real investment my fund just made in a wearable device for vision-impaired and blind people, Ustraap. Sure, I could do that.
Or I could lament about inflated valuations again, but we don’t know how much “Yo” was valued at. Let’s just for fun assume a post-money valuation of $10 million. That means that each letter in the message is worth $5 million. Which means I will give my next startup a ridiculously long name borrowed from the German language: “Donaudampfschifffahrtsgesellschaftskapitän”. 42 letters. Times $5 million. Post-money valuation: $210 million. Boom!
Wait! Did somebody say “Boom”?