socalTECH

JULY 24, 2019

the parent company of Snapchat , says its daily active users (DAU) increased by 8 percent year-over-year, to 203 million users. The social media and communication software developer announced the numbers in its second quarter 2019 financial results. Santa Monica-based Snap Inc. ,

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socalTECH

FEBRUARY 16, 2017

the parent company of Snapchat , has set its estimated initial IPO pricing, saying this morning in a filing that it estimates its initial public offering price at betwen $14.00 Snap said it is planning to sell as many as 230,000,000 shares of its stock, which would net it around $3.68 Venice, California-based Snap Inc. ,

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socalTECH

NOVEMBER 8, 2017

Shap continues to lose money, hand over first, reporting it had a net loss of $443.1M SNAP CEO Evan Spiegel said on Tuesday the company is planning a big redesign of its Snapchat app, to broaden appeal of its app to new users. on Tuesday to around $13.33 in the three months ended September 30th, on revenues of $207.9M.

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Both Sides of the Table

OCTOBER 8, 2014

” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”

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socalTECH

AUGUST 10, 2017

announced its quarterly results for its second quarter, saying that it had a net loss of $443.0M The company's revenues increased from Q2 of 2016, when it had $71.798M in revenues. Venice-based Snap Inc. on revenues of $181.67M for the quarter ended June 30th, 2017. READ MORE>>.

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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.

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Startup Professionals Musings

MARCH 16, 2016

Prime examples include Uber, Airbnb and Snapchat. People are even talking about “decacorns" -- investable companies with net worth now exceeding $10 billion -- like Dropbox and Pinterest. This term is used to describe non-traditional ways to incent growth such as social-media and viral marketing.

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