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Snap Sees IPO Pop, Surges To Over $25.00 Per Share In Early Trading

socalTECH

had a huge debut on the New York Stock Exchange (NYSE) on Thursday, as it started trading as SNAP, surging above $25.00 per share in early morning trading--up more than 43%. The company--which priced at $17.00 per share, and was heading up with only a few minutes on the trading day. Venice-based Snap Inc. billion each.

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Should Startups Care About Profitability?

Both Sides of the Table

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” Not necessarily.

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

Both Sides of the Table

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. LA By The Numbers. But even this is changing.

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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. In a world where perhaps foreign governments start propagating false information to influence our society, guaranteeing authenticity would become a very big deal. Distribution of media is tightly controlled by YouTube, Netflix, Facebook, Amazon and a handful of others.

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