socalTECH

MARCH 2, 2017

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.

Southern California 100

Southern California Snapchat High Tech Venice 100

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.

Snapchat 113

Snapchat Venice .Net Report 113

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>>.

Venice 113

Venice .Net Activity Social Media 113

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.”

Entrepreneur 376

Entrepreneur Snapchat Startup Google 376

Both Sides of the Table

JUNE 8, 2014

Not all of these products & companies came from Silicon Valley but the overwhelming majority did. Open source computing, which reduced costs to start a company by 90%. To be clear we will continue to see great infrastructure companies built and these will mostly come from Silicon Valley. All great communication companies.

Startup 390

Startup Venture Capital Capital Funding 390

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. 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!

Startup 227

Startup Venture Capital Sales Course 227

socalTECH

MARCH 16, 2017

Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. That's the first time organized, institutional, managed capital is coming into a company, right after friends and family. We help companies do the same kind of thing, except with corporate development.

Invest 145

Invest Funding Capital Startup 145

Both Sides of the Table

SEPTEMBER 17, 2017

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.

Course 280

Course Startup Framework Marketing 280

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 currently applied to recent startups who profess a current valuation which exceeds $1 billion. Frothy startup valuations.

Startup 57

Startup Software Review Equity Invest 57