Over the past years(as a new grad) I thought that I would've killed to work at Snapchat, Fitbit, Uber, or Twitter. Now, I wouldn't touch any of those companies with a 50 foot pole. I've grown extremely cynical about startups and the extreme hype that surrounds them.<p>That being said, at Internapalooza this year, the longest line there was for SnapChat and every young person seemed enamored with them. And I remember a time where everyone was screaming that Facebook would fail because of it's lack of profit or that Twitter was the next Facebook/Google.<p>This is all a long way of saying that no one knows what the hell they are talking about when they discuss these companies. Whether that's posters on HN, financial talking heads, or even successful people in Silicon Valley. If you have some advantage on the market, and can predict the correct valuation of Snapchat, then:<p>1. Put your money where your mouth is. Buy or short the IPO.<p>2. It's probably wise to not share your take as it relinquishes the advantage you think you have on the market.<p>3. Hope you stay solvent longer than the market stays irrational.<p>Just remember, these same "experts" said that no one needed DropBox when they had wGet.