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Snap Sets Initial Estimated IPO Range, Seeks Up To $3.6 Billion In IPO

socalTECH

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 and $16.00 READ MORE>>.

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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. Saudi Arabian Price Al-Waleed Talal said on Tuesday that he has invested $250M in Snap, taking a 2.3 percent stake in the company. Venice-based Snap Inc. , READ MORE>>.

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

socalTECH

The company--which priced at $17.00 The early pop in its shares pushes the net worth of Eval Spiegel and Bobby Murphy to more than $5.0 Snap, the parent company of Snapchat , is now the largest ever IPO to debut out of Southern California's high tech ecosystem. Venice-based Snap Inc. billion each.

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

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” 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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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. 70–80% of the costs of most startups are employee costs so what you’re really talking about when a company is unprofitable is that they are growing their staff ahead of their revenue. Two-f **g-billion! What a disaster!

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

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And while many of the people bringing you the great applications and infrastructure you now rely on are benevolent, there is of course an inbuilt incentive for these companies to use their scale advantages to continue to dominate the markets they’re in, making it harder for upstarts to compete. It’s Hobbesian economics 101. Enter blockchain.

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