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Snapchat's Latest Funding Round Hits $1.8 Billion

SoCal Tech Calendar

Venice, California-based Snapchat has raised $1.8 billion in its Series F funding round, according to a regulatory filing by the firm this morning, in what might be the largest funding round ever for a Southern California startup. Details on the round have not been announced. READ MORE>>.

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Star-studded digital avatar startup Genies launches NFT fashion marketplace

TechCrunch LA

Digital avatar startup Genies , known its for high-profile partnerships with celebrities such as Justin Bieber, Migos and Cardi B, has just released its long-anticipated NFT storefront, “The Warehouse.” ” He views Facebook and Snapchat primarily as messaging apps and said Instagram is having an “identity crisis.”

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

This morning, Snap joined a host of startup accelerators shifting its demo day online amid the COVID-19 quarantine. With its third class of startups, Yellow, Snap’s in-house startup accelerator that launched in 2018, brought investors and founders together in private slack channels after a live-streamed presentation.

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How to Build a Startup & Understanding Venture Capital

Both Sides of the Table

Many first-time founders seek advice when thinking about what ideas would be great for a startup company and receive the wrong advice that you need to focus on a billion-dollar idea. There are very few ideas that are obviously a billion-dollar idea from the start. So what should you do? I hope you enjoy it.

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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!”

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Why Raising Too Much Money Can Harm Your Startup

Both Sides of the Table

conversation literally every week with startups. The larger the round, the higher the price, the harder the next hurdle is to hit But the bigger point I want to make is what happens when the coffers are depleted and you need more money? These types of firms may see your follow-on financing as a chance to “buy up ownership.”

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Snap Starts Selling Spectacles Online

socalTECH

Tired of chasing after the latest sighting of a Snap v129ending machine for your own pair of Spectacles, the company's sunglasses, which can be used to automatically post to Snapchat? Snap started selling its signature sunglasses online over the weekend, offering up the popular glasses for $129.99, for delivery in 2-4 weeks.