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Social networks that cloak identity have never been more popular — or more highly valued.
Yik Yak, an anonymous network modeled on bulletin boards, was valued at up to 0 million this year after becoming popular at schools.
(The new Secret design has clear similarities to Yik Yak, which also has a text-based feed and emphasizes location.) Whisper, which has focused on sharing its anonymous posts with media companies, is reportedly valued at closer to 0 million.
To view it you press and hold the image, and the picture pops up in full-screen mode for as long as you hold it, much as it would in Snapchat.
"We still believe great ideas can come from anywhere," Byttow says.