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Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

It’s not hard to find people willing to write the narrative that “venture capital is not an asset class” or “venture capital has performed terribly.” Having worked through the data with Glenn I am even more optimistic about venture capital than I was even a year ago.

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Report: Snapchat Raising $100M

socalTECH

Venice-based photo messaging service Snapchat is reportedly raising $100M in funding, at a valuation of half a billion dollars, according to a report Friday. Snapchat--which operates a mobile photo messaging service which is very popular with the teenage set--is backed by Benchmark Capital, and had previously raised $12.5M

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Southern California's Billion Dollar Startup Trio: SpaceX, Snapchat, Beats

socalTECH

Along with SpaceX, Southern California includes Snapchat ($2.0 billion dollar startups venture capital exit merger acquisition spacex snapchat beats' The chart of valuations shows that there are three companies which made the cut for being venture backed, having raised money in the last three years, and are still privately held.

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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 in funding.

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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>>.

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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'

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Younity Takes On File Sharing, With A SnapChat-like Twist

socalTECH

The company--which describes the feature as "SnapChat for Files"--said its new function lets users share photos, music, videos, and data to friends in their personal cloud, but only for a certain amount of time. storage music cloud snapchat sharing file younity' Younity''s service runs on iOS and Windows desktops. READ MORE>>.

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