Get a hold of and IVP’s Dennis Phelps bringing Ten Reason IVP Spent during the Snapchat: „The development and you can wedding metrics is from the charts
Snapchat has not yet made anything yet: it will not offer advertisements, fees individuals down load and/or fool around with their application, or sell add-ons such as-application instructions.
Snapchat raised $485k away from seeds financing out-of VC business Lightspeed Promotion People into the , once among its couples discovered that the three most widely used apps certainly their d and you will Snapchat. „That’s interesting providers. Of them, the one we had never ever observed is Snapchat,“ Lightspeed’s Jeremy Liew told TechCrunch during the .
That has been followed closely by a $13.5m round of Series A funding for the provided by the several other prestigious VC company, Standard Investment, with its spouse Mitch Lasky advising the York Times one „I become hearing Snapchat in the same perspective while the Twitter, Instagram and you will Fb. That got me interested“.
Merely four months later on, Snapchat increased an even bigger bullet, $80m, reportedly plus $20m within the a great „secondary offering“ you to almost certainly aided Spiegel and Murphy cash out several of the guarantee regarding company. Continue reading »