article thumbnail

Snapchat will make Los Angeles a stronger tech hub

TechCrunch LA

It’s quite possible that Snapchat could do the same for L.A. Companies like Google, Yahoo, Oracle and PayPal attract top talent for years; when they reach maturity or a major liquidity event, their talent disperses and germinates into the next generation of companies. Read More.

article thumbnail

Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. It’s not just Snapchat, although there’s that. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Don’t we know it.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Report: Fidelity Writes Down Investment in Snapchat

socalTECH

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. Snapchat--arguably, the most visible "unicorn" startup in Southern California--had been valued at $15 billion in its last fundraising round.

article thumbnail

Snapchat Confirms $50M Series C Round

socalTECH

Los Angeles-based Snapchat confirmed it has raised $50M in a Series C funding Wednesday, as the hot, instant photo messaging app developer reportedly turned down a $3 billion offer from Facebook and has decided to continue on as an independent company. Snapchat has now raised $125.0M Snapchat has now raised $125.0M

article thumbnail

Snapchat Adds $4.5M More To $50M Round

socalTECH

Venice, California-based Snapchat , the developer of the popular social media app, has added $4.5M snapchat venture capital filing social media mobile' in venture funding--and three new investors--as part of its Series C funding round, according to a regulatory filing by the company today. READ MORE>>.

article thumbnail

Lawsuit Targets Snapchat Founders, Venture Investors

socalTECH

A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s high tech startup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. snapchat legal lawsuit social networking mobile'

article thumbnail

Snapchat Rolls Out Geofiltering Feature

socalTECH

Los Angeles-based Snapchat said this morning that it has rolled out a new feature called geofiltering, which highlights snaps taken in special locations. Snapchat says it requires that location services be enabled, but does not store locations with the feature. READ MORE>>.