Analog Camera Apps Aren’t the Surefire Bets Investors Think They Are
Lapse is the latest analog camera app to see a great deal in funding, but it's rarely a bet worth placing.
Lapse is the latest analog camera app to see a great deal in funding, but it's rarely a bet worth placing.
A disposable camera app called "Lapse" has soared to take the number one spot in the U.S. on Apple’s App Store charts -- by reportedly forcing users to invite their friends.
Disposable camera app Dispo -- originally founded by YouTuber David Dobrik -- is in trouble. In February, Dispo raised $20 million at a $200 million valuation led by Spark Capital. Today, Spark Captial announced it has pulled funding, and Dobrik subsequently stepped down from Dispo's board.
Dispo, a popular photo app that mimics classic disposable cameras that recently raised $20 million in Series A funding, doesn't appear to know what it's doing with user data, repeatedly editing its policy in response to questions from Mashable, adding and removing lines about location tracking.
YouTuber David Dobrik's app Dispo mimics the experience of using a classic disposable camera and is generating considerable buzz recently despite being over a year old. Thanks to the success of an international test, Dispo reportedly acquired $20 million in Series A funding at a $200 million valuation.