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Yet, the Internet was pioneered by adults.

I don't think he's saying let's go back to what it used to be; I think he's saying, let's not assume any latest fad is the future.

Let's go back to the 1960s when only adults had access to computers!

Adults with really, really long beards.

Either beards or full suit-and-tie a la IBM.

Snapchat launch: September 2011

First mention of Snapchat in WSJ: August 2013

First negative mention of Snapchat in WSJ: October 2013

There has to be a name for this phenomenon.

"Irellevancy until some absurd valuation"?

"First they ignore you, then they laugh at you, then they acquire you, then you win."

"Then the people who acquired you (and your users) regret it."

It's true...can you imagine if the adults have their chance of showing the true valuation of SC in the public markets

I'm pretty sure a lot of smart adults at Facebook thought the true valuation was $3B. I don't see why an IPO right now would look so different.

You're assuming people outside Facebook would perceive value the same way. This isn't necessarily the case.