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Snap Raises $250M From Saudi Family

socalTECH

the parent company of Snapchat , has raised $250M in the publicly held company from the Saudi royal family. The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M Venice-based Snap Inc. , percent stake in the company. READ MORE>>.

Venice 100
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Should Startups Care About Profitability?

Both Sides of the Table

Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. To grow faster businesses need resources in today to fund growth that may not come for 6 months to a year. Do you imagine eventually raising VC and trying to build a faster growing company?” The VC-backed businesses sometimes “blow up.”

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

Changes in the Software World & in Venture Capital. But notably you had the following changes: Horizontally scalable computing & storage systems, which meant you required less capital up front for hardware. I don’t need to tell you what else is LA … SnapChat, Whisper, Tinder. KickStarter?

Startup 390
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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Over the past 4 years LA’s tech fundings have growing at a 30% compounded annual growth rate (CAGR) which is > 4 times the US average VC CAGR (7%). In the last full year where we have data LA attracted $1.5

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Interview with Derek Norton, Watertower Ventures

socalTECH

Earlier this week, Derek Norton , a long time advisor to the media, Internet, and technology industry in Los Angeles, announced a brand new venture capital fund called Watertower Ventures (www.watertowerventures.com). We sat down with Derek to learn more about the new $5M fund and what it's all about.

Invest 145
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The Case For & Against Cryptocurrencies (for those tired of all the noise)

Both Sides of the Table

Our social graphs are locked in Facebook, Twitter and Snapchat. Breakout companies become much harder and this isn’t likely to improve unless we give new companies the tools and capital they need to flourish. In many ways, it could even become a new tool for earlier shareholder liquidity including the exit of some VC money.

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How Well Versed Are You In Startup Investor Jargon?

Startup Professionals Musings

Whether you are talking to peers, competitors or investors, you as an active entrepreneur will be judged on your familiarity with today’s startup and funding jargon. Prime examples include Uber, Airbnb and Snapchat. This term refers to an initial venture-capital investment, often wrongly sought to seed early product development.

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