Why sell? After a valuation of $100M it's all just fun and games and a very unique experience that fewer than a 10 people/year or so can have in their lives.
You can't buy that with money.
You can't buy that with money.
If Instagram's 1B was already excessive what's 3B for Snapchat?
You're mentioning valuation, but the 100M do not exist. Yes, things have the value they are bought/sold for but selling 10% of something ends up skewing those values.
Yes, it's a definitely cool experience. The you can pocket the 3B and go have another fun experience with another company (or even at the same, unless the company is absorbed/shutdown)
Facebook is willing to pay it, investors are willing to pay it. That's the definition of valuation.
Oh yes, if Facebook is willing to pay for it, the price tag today is 3B (and I would definitely go for it because I think it's worth less than that)
They need to be profitable one day.