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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Report: Snapchat Discussing IPO With Bankers, Eyes IPO Next Year

socalTECH

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017.

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Southern California Firms Get $587.0M In Venture Capital In Q2

socalTECH

in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. Those numbers reflected a drop from Q2 of last year, when there was $868.98M in investments across 97 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.

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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.” They estimate that high-tech work contributes $108.3 They estimate that high-tech work contributes $108.3

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‘Megadeals’ Dominate Q2 as VCs Invest $15.3B, and Top 10 Deals

Xconomy

It was the 10 th consecutive quarter that venture firms put at least $10 billion into startups and other high-tech companies, including a $3.5 Still, the amount invested marked a 12 percent drop from the $17.4 He said MoneyTree data shows the second quarter of 2015 as one of the biggest ever in terms of venture dollars invested.