Microsoft Ventures general manager Rahul Sood said that we won’t see another WhatsApp-style, multi-multibillion dollar acquisition for a virtually prerevenue company again. Ever.
“You know you’re in a bubble when you see people throwing money at dog-shit companies,” Sood said at the Cloud Factory conference, referring to copycat companies who are building strong buzzword compatibility but not much else. “We’ve hit the peak of the bubble.”
Secret and Whisper, the current favouruits of the anonymous messaging market, are all about broadcasting your innermost thoughts or general gossip in a feed format.
But the founders of Truth created an anonymous messaging app that sends private missives to people on your contacts list. It's incognito one-on-one messaging between friends.
When you send a "truth," you are assigned an anonymous username and avatar (one of an assortment of playful owls). If the recipient already has the app, the message will show up in the app's inbox. If they don't, a text message will display part of the "truth" and prompt the recipient to download the app.
It's not every week that you see a tech founder who has worked as an analytics associate at Google and as a nurse assistant at a hospital. Sean Duffy has always straddled these two worlds: his mother was a nurse and he developed a fascination for medicine, but he never could shake the fact that he was "huge tech geek."