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Snapchat Snags Investment Banker For Strategy Position

socalTECH

Venice-based messaging app developer Snapchat has hired a high profile, technology investment banker onto its team, the company disclosed Monday. Snapchat has hired Imran Khan, who had most recently been head of Internet banking at Credit Suisse, as its Chief Startegy Officer. Morgan Chase & Co. as an analyst.

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Report: Fidelity Writes Down Investment in Snapchat

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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.

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Half Lives. Social Media. And Snapchat Stories.

Both Sides of the Table

I began experimenting with time-of-day, number of Tweets, headline text, etc and learned a ton about usage patterns of Twitter and I even invested in a social media analytics company called Awe.sm, an influencer network called Adly and a data firehose company called Datasift (who now powers the Facebook Topics feed). Think about that.

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” We did know about Snapchat as early as anybody. Mostly I wanted the journalist to know: We love Snapchat.

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Snap Unloads Placed To Foursquare

socalTECH

the parent firm of Snapchat , has sold off Placed , a developer of location intelligence and offline attribution software tools. The acquisition by Foursquare came after it raised a new $150M investment from the Raine Group. Foursquare said the acquisition will deepen its location technology platform. READ MORE>>.

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Report: Snap To Set Up Offices In Saudi Arabia

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Details on the rumored deal between Snap and Saudi Arabia have not been released, and it's unclear what, if any, investment by the kingdom would be made in Snap, the parent firm of Snapchat. READ MORE>>.

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Southern California Startups Raise More Than $598.4M In VC In Q4

socalTECH

Southern California''s venture capital investments totaled a little more than $598.4M The investments were a drop from Q4 of 2012, $711.8M was invested in the region. billion was invested across Southern California''s technology industry. in the quarter and social media darling Snapchat raised $50.0M.