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Yahoo Planning Big Investment In Snapchat, Says Report

socalTECH

Yahoo is planning a big investment in Venice-based Snapchat , in a deal that values Snapchat at $10 billion, according to a report over the weekend. The WSJ reports that Yahoo is investing around $20M in Snapchat at the lofty valuation, using money it cashed out of the IPO of Alibaba. READ MORE>>.

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Report: Tinder Now Valued Over $5 Billion

socalTECH

Los Angeles-based Tinder , the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. tinder venture capital investment social networking dating mobile snapchat' Bloomberg cited "people with knowledge of the deal." READ MORE>>.

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Report: Snapchat Valued At $10 Billion In New Funding

socalTECH

Venice-based Snapchat is in the midst of raising a new round of funding, led by storied venture capital investor Kleiner Perkins Caufield & Byers, which valued the company at close to $10 billion, according to a report. The report also said that Snapchat has around 100 million monthly active users now using its messaging service.

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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. ” MediaLab is a holding company that owns several other mobile properties , including anonymous social network Whisper and mixtape app DatPiff.

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Baroda Ventures Funds Fabulis

socalTECH

Beverly Hills-based Baroda Ventures , the venture capital firm of GeoCities founder David Bohnett , has invested in gay social networking site Fabulis. Baroda Ventures Partner Peter Lee confirmed the investment in the New York company, which was worth $250,000. The deal was first reported by VentureBeat.

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Startup CTO Speaking

SoCal CTO

Evolving Role of Social Networks for Startups In this talk, Tony traces the evolution of how startups have leveraged social networks and social media as part of their solutions over the past ten years. These are exciting and fun experiences for everyone involved.

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What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

I recently spoke at Caltech at the Caltech / MIT Enterprise Forum on “the future of social networking,&# the 30-minute video is here and the PowerPoint presentation is here on DocStoc ). What are the big trends that will drive the next phase of social networks? And so it goes with social networking.