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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.

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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.” I hope to publish that deck and a full write up in the next 10 days in partnership with Dan Primack at Fortune (if my write up doesn’t suck, I guess ;-)).

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This is the Dumbest Op Ed I’ve Read in a While

Both Sides of the Table

I don’t feel like canceling LinkedIn just because occasionally a well-meaning but slightly not-clued-in person from a faraway place wants me to be their personal mentor, answer 3-questions for their high-school entrepreneurship project or take a sales pitch for their recruiting services. In Adam’s world, I’m rude. Twitter messages?

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Interview with Jordan Glazier, Wildfire Systems

socalTECH

And, if you're a social platform, is there a way to monetize all that activity happening on your service? Right now, when people are communicating using Facebook, Snapchat, Twitter, and others, those businesses are principally using display advertising and sponsored listings to monetize those users. We're taking a different approach.

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Interview with Derek Norton, Watertower Ventures

socalTECH

We are going to write checks of between $100,000 and $500,000, and we are going to invest in what we are calling first institutional capital. That's anyone building a product, service, or application which can be delivered to a connected device. Where are you planning making investments? We have a very entrepreneurial LP base.

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Understanding the Underbelly of Online Marketing & Why You’ll Lose if You Don’t

Both Sides of the Table

Product is simply about defining a physical good or service that would be valued by consumers of the product more than existing alternatives based on functionality, quality and/or price. While many tech startups do this intuitively (say, SnapChat thinking it would be much better if our photos out partying disappeared) it still happens.

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Why You Need to Ring the Freaking Cash Register

Both Sides of the Table

” Case in point: Facebook, Twitter, Tumblr, SnapChat. Should I write off my $2.5 Once you roll out your ad product, your subscription service, your paid version – whatever – and it delivers a real number you’re done with theoretical valuations. But that’s not what happens to most of you.