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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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Insights and Opinions: How I Got Investors to Write Checks this Year

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He recently landed a round of funding, and shares his experience here: Before you start bitching about investors not writing checks in this economy let me just say this  bullshit. I just finished our capital raise for our new company, Affordit.com and can tell you first hand that I've never seen more people eager to write checks.

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Blizzard Plans New Survival Themed Game

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We're building a survival game in an all-new universe.Join us in writing our next chapter: [link] pic.twitter.com/vWtkDYh1kX— Blizzard Entertainment (@Blizzard_Ent) January 25, 2022. The announcement linked to a Blizzard job postings page, and included a few pieces of conceptual art. It's unclear when the new title will hit the market.

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Hawke Ventures Raises $5.6M Investment Fund

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The company said it plans to write checks of between $100,000 and $250,000 in digital marketing startups. Hawke Ventures, a new, venture capital fund that is part of marketing company Hawke Media, said Friday that it has raised $5.6M for its first, venture capital fund.

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Educational Insights Launches Coding Robot

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Gardena-based toy maker Educational Insights said this morning that it has launched a new product, a "coding robot" which is designed to help kids learn how to write their own software. According to the company, its new robot, Artie Max, helps kids learn five coding languages (Blockly, Snap!,

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HyperX Launches New SSDs For Gamers

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According to the company--which is the gaming division of Kingston Technology--it has rolled out the FURY RGB SSD and SAVAGE EXO SSD, two diferent solid state drives specifically aimed at both accelerating read and write speeds for gamers--and also to enhance gaming systems with "more color and LED lighting".

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DocStoc Releases Collections

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The new feature so far includes collections such as "Starting A Small Business," "Traveling On A Budget," "Writing Better Cover Letters," and similar topics. Nazar told socalTECH that the new feature was released so that the site could provide the "best quality experience when looking for documents."