Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<b><br /></b><ul><li><strong>This is <keyword id="6358096" type="PERSON" weightage="20" keywordseo="snapchat">Snapchat</keyword>’s first tie-up with the <keyword id="6354312" type="ORGANIZATION" weightage="20" keywordseo="IPL">IPL</keyword>.</strong></li><li><strong><strong>Snapchat is tying up with four teams from the IPL.</strong></strong></li><li><strong>Snapchat will add custom stickers, filters and lenses for IPL fans.</strong></li></ul><br />Snapchat today announced a partnership with four Indian Premier League (IPL) teams in India. The company is tying up with the <keyword id="6354506" type="ORGANIZATION" weightage="20" keywordseo="Royal-Challengers-Bangalore">Royal Challengers Bangalore</keyword>, <keyword id="13880" type="COMPANY" weightage="20" keywordseo="Mumbai-Indians">Mumbai Indians</keyword>, <keyword id="6354884" type="UNKNOWN" weightage="20" keywordseo="Delhi-Daredevils">Delhi Daredevils</keyword> and <keyword id="13802" type="ORGANIZATION" weightage="20" keywordseo="Rajasthan-Royals">Rajasthan Royals</keyword>.<br /><br />All of the teams will feature on the app's Official Stories platform, while Snapchat is also adding some other features for users. This includes filters, custom stickers and lenses pertaining to the IPL. The lenses will turn you into "a helmeted player", while your team's anthem plays in the background. Snapchat says these will be available in the respective states automatically, and users can also get it by scanning a Snapcode inside the app.<br /><br />Features aside, this is Snapchat's first partnership with the IPL and it may stand for a little more. The company entered India some time back but hasn't showed real interest in the country. Facebook, Instagram and Twitter remain the social networks of choice for youth here. According to Statista.com, Snapchat came in at the tail-end of social media usage in the country in the third quarter of 2017.<br /><br />Further, Snapchat's CEO, Evan Spiegel, had <a href="http://variety.com/2017/biz/news/snapchat-evan-spiegel-only-for-rich-people-anthony-pompliano-1202028526/">once been quoted</a> calling India "poor". Spiegel said that his app was meant for "rich people", which is why he didn't want to expand to "poor countries" like India and Spain.<br /><br />However, the company <a href="http://www.latimes.com/business/technology/la-fi-snap-bonuses-20180301-story.html">has been struggling</a> since its IPO last year and seems to have changed its mind. Much like other tech companies, a tie-up with the IPL is usually the best way to gain visibility in India.<br />

Snapchat seems to have changed its mind about India

If you follow cricket or the Indian Premier League (<em>Yes, ‘or’ is the right conjunction here</em>), you already know that the latest season is underway.<br /><br />As is the case with every other season, much of the pre-tournament hype was centered around the millions of dollars spent by teams to acquire certain players. This time around, it was <a href="https://medium.com/r/?url=https%3A%2F%2Fsports.ndtv.com%2Findian-premier-league-2017%2Fipl-auction-ben-stokes-becomes-most-expensive-foreign-player-ever-no-takers-for-ishant-irfan-1661525" class="markup--anchor markup--p-anchor" target="_blank">Ben Stokes’ turn to become the expensive player at the auction, for the sum of Rs. 14.5 Crore ($2.1 Million)</a>. <br />As <a href="https://medium.com/r/?url=https%3A%2F%2Ftwitter.com%2FProfDeano%2Fstatus%2F833538309175517184%3Fref_src%3Dtwsrc%255Etfw%26ref_url%3Dhttps%253A%252F%252Fwww.crictracker.com%252Ftwitter-reactions-ben-stokes-fetches-14-5-crores-in-the-ipl-2017-auction%252F" class="markup--anchor markup--p-anchor" target="_blank">Dean Jones half-correctly pointed out</a>, Ben Stokes’ price is nearly twice the salary cap of entire teams at the <a href="https://medium.com/r/?url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FBig_Bash_League" class="markup--anchor markup--p-anchor" target="_blank">Big Bash League</a>. <br /><br />The rationale for this generous price tag appears solid. After all, Ben Stokes is amongst the best All-Round players in international cricket today.
	
	
	
	
	
	
	
	<div type="image" title="Image source : Dilbert.com" msid="58225661" hostid="261" caption="&amp;lt;p&amp;gt;Image source : Dilbert.com&amp;lt;/p&amp;gt;"></div>
















<br />Let’s start off with a look at how the players fared in <keyword id="6354312" type="CITY" weightage="20" keywordseo="IPL">IPL</keyword> 2016.<br /><br />Approximately <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.espncricinfo.com%2Findian-premier-league-2016%2Fcontent%2Fstory%2F1021917.html" class="markup--anchor markup--p-anchor" target="_blank">Rs. 441.8 Crores </a>(~$68 Million)were spent by franchises on building their teams that season and a total of <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.iplt20.com%2Fstats%2F2016%2Fplayer-points" class="markup--anchor markup--p-anchor" target="_blank">30285 MVP points</a> were earned by players. This implies that, on average, franchises spent Rs.1.46 Lacs (~$2260) per MVP point earned.<br /><br />This allows us to actually calculate in-match contributions of each player and evaluate <keyword id="6355120" type="ORGANIZATION" weightage="20" keywordseo="investment">investment</keyword> performance.<br /><br />

	
	
	
	
	
	
	<div type="image" title="2" msid="58225703" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>














<br />The fact that <keyword id="6354486" type="PERSON" weightage="20" keywordseo="Virat-Kohli">Virat Kohli</keyword> tops this list is hardly a surprise. A record-breaking 973 run season deserves no less.<br /><span class="markup--strong markup--p-strong">To earn the Rs. 14.3 crores through in-match performances, the <keyword id="12643" type="ORGANIZATION" weightage="20" keywordseo="Royal-Challengers">Royal Challengers</keyword> Bangalore franchise had spent Rs. 12.5 Crore on Virat Kohli for a net return of Rs. 2.3 Crore (<em>Or an ROI of 18.4%</em>). </span><br />So, if not Kohli, which players actually ended up being the investments of IPL 2016 ?<br /><br />
	
	
	
	
	
	
	<div type="image" title="3" msid="58225730" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>














<em><br />Whoa !</em><section><br />Except for <keyword id="60604" type="PERSON" weightage="20" keywordseo="David-Warner">David Warner</keyword> (<em>who, at 5.5 Crores was much ‘cheaper’ than Virat Kohli for nearly the same output</em>), none of the top performers make the list of top investments.<br /><br />If we were to exclude David Warner as an outlier, every other top investment was priced either in the vicinity of Rs.2 Crores (<em>Which, </em><a href="https://medium.com/r/?url=http%3A%2F%2Findianexpress.com%2Farticle%2Fsports%2Fcricket%2Fits-nothing-rs-2-crore-is-peanuts-ravi-shastri-backs-team-indias-reported-demand-for-pay-hike-4598048%2F" class="markup--anchor markup--p-anchor" target="_blank"><em>in the words of Ravi Shastri, is “Peanuts”</em></a>) or significantly lower. In particular, look at no. 2 on the top investments list — Yuzvendra Chahal. His price of Rs. 10 Lacs returned an <span class="markup--strong markup--p-strong">82.6X multiple</span> on the investment !<br /><br />But this isn’t the first time “cheap” players outperformed at the IPL. In fact, <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.espncricinfo.com%2Fiplcountdown%2Fcontent%2Fstory%2F1090031.html" class="markup--anchor markup--p-anchor" target="_blank">it happens rather often</a>. For example,<br /><br /><ul class="postList"><li class="graf graf--li graf-after--p">Shane Watson was bought in the second of two auctions in the inaugural IPL in 2008 for a sum of Rs.50 Lacs ($125,000) and ended up as the Player of the Tournament.</li><li class="graf graf--li graf-after--li">Shaun Marsh was purchased for his base price of Rs. 12 Lacs ($30,000) in 2008 and ended up as the highest run-getter of the season.</li><li class="graf graf--li graf-after--li graf--trailing">Andre Russel, no. 3 in the list of best investments of IPL 2016, finished as the Player of the Tournament in 2015, at the price of Rs. 60 Lacs ($97,000)</li></ul></section><section>And which players represented the worst investments in last year’s IPL ?</section><section><br /></section><section>
	
	
	
	
	
	<div type="image" title="4" msid="58225765" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>












</section><section><br />With the exception of Pawan Negi (<em>What might have been the rationale that appeared to justify a Rs. 8.5 Crore investment in Pawan Negi ?</em>), each of the worst investments — David Miller, MS Dhoni, Mitchell Johnson &amp; Suresh Raina represents a proven international star worthy of the price tag.<br /><br />In fact, for all the star power in the IPL, only two teams returned a meaningfully positive return on investment in 2016, the two finalists — Sunrisers Hyderabad and Royal Challengers Bangalore.</section><section><br /></section><section>
	
	
	
	
	
	<div type="image" title="5" msid="58225797" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;http://www.espncricinfo.com/indian-premier-league-2016/content/story/1021917.html&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>













<br /><section>Turns out that investing in IPL player auctions is just as risky and the outcomes are(<em>dare I say it</em>) just as difficult to predict as VC investing.<br /><br /></section><section>What might the best VC investments of all time have in common with successful IPL bets ?<br /></section><section><br />Lets take a look at the snapshot below:</section><section><br /></section><section>
	
	
	
	
	<div type="image" title="6" msid="58225824" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://twitter.com/nitinsharma1/status/837266758612430848&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>











</section><section><br />Each of these companies (Tencent, LinkedIn, Snapchat, WhatsApp, Google, Facebook, Juniper Networks, and Alibaba) represents an excellent investment because they all ended up as large standalone firms or acquisitions.<br />The most recent of these examples is how <a href="https://medium.com/r/?url=http%3A%2F%2Fwww.businessinsider.in%2Fhow-snapchats-first-investor-found-snapchat-when-it-had-less-than-100000-users%2Farticleshow%2F56945155.cms" class="markup--anchor markup--p-anchor" target="_blank">Lightspeed Venture Partners’ benefitted from being the first investor in Snapchat</a>.<br /><br /><em>How much of a difference does acting early on a successful investment make?</em><br /><br />A timeline representation of AppDynamics fund-raise journey up until its $3.6 Billion acquisition answers that question:</section><section><br /></section><section>
	
	
	
	
	<div type="image" title="7" msid="58225853" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;a href=&amp;quot;https://twitter.com/EquityZen/status/824259839559766016&amp;quot; data-type=&amp;quot;tilCustomLink&amp;quot;&amp;gt;Image Source&amp;lt;/a&amp;gt;&amp;lt;/p&amp;gt;"></div>











<br /></section><section><section>Lightspeed yet again gets to be one of the first investors here and the value of the $5.5 Million investment ($572 Million) is greater than the appreciated value of any subsequent round at the time of the acquisition by Cisco.<br />The following extract from <a href="https://medium.com/r/?url=https%3A%2F%2Fwww.recode.net%2F2017%2F4%2F12%2F15274220%2Fjeff-bezos-amazon-shareholders-letter-day-2-disagree-and-commit" class="markup--anchor markup--p-anchor" target="_blank">Jeff Bezos’ 2017 shareholder letter </a>appears particularly relevant in this context:<br /><br /></section><section></section><br /></section></section>

You Searched For "ipl snapchat" and got 2 results

Snapchat seems to have changed its mind about India

Prasid Banerjee

What the IPL can teach us about Investing

Shubhankar Bhattacharya

Popular Keywords

Buying Guides