socalTECH
MARCH 1, 2017
Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Other big winners are venture investors Benchmark Capital , and General Partner Mitch Lasky , with just over $2.0 Lasky joined Snapchat's board in 2013. billion in stock.
socalTECH
AUGUST 8, 2018
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>>.
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Both Sides of the Table
OCTOBER 8, 2014
Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”
socalTECH
MARCH 1, 2017
Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Other big winners are venture investors Benchmark Capital , and General Partner Mitch Laskey , with just over $2.0 billion each in SNAP's publicly traded stock. billion in stock.
Both Sides of the Table
JUNE 8, 2014
Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.
socalTECH
MARCH 16, 2017
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). Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs.
Both Sides of the Table
JUNE 17, 2017
Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. Venture capital isn’t right for many business but if you do want to raise from a VC at some point you need to understand that often investors care more about growth than profits. They raised $5 million in venture capital to fund growth.
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