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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 The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M

Venice 100
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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” No less than Fred Wilson has credited Carlota’s work with having a major influence on his investment strategy at USV.

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Interview with Derek Norton, Watertower Ventures

socalTECH

Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. We are going to write checks of between $100,000 and $500,000, and we are going to invest in what we are calling first institutional capital. Where are you planning making investments? It all starts there.

Invest 145
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How Well Versed Are You In Startup Investor Jargon?

Startup Professionals Musings

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. Seed-round investment. This term is currently applied to recent startups who profess a current valuation which exceeds $1 billion.

Startup 57
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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. If there was strong market demand for their product then this investment might pay off handsomely. At the end of year 5 Company A had earned $19 million in cumulative profits (gains — investment years) while Company B had made only $6 million.

Startup 227
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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

I don’t need to tell you what else is LA … SnapChat, Whisper, Tinder. The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world. We have invested $17.3 KickStarter?

Startup 390