Get a hold of along with IVP’s Dennis Phelps bringing Ten Reason why IVP Spent into the Snapchat: “The development and you can involvement metrics is off the charts
Snapchat have not produced any money but really: it does not offer adverts, fees people to obtain and/or fool around with their application, or sell accessories as in-application requests.
Snapchat raised $485k from seed products investment from VC enterprise Lightspeed Venture Lovers in , once certainly one of their partners found that the three top software certainly one of their d and Snapchat. “That is fascinating team. Of these, the one we’d never heard of was Snapchat,” Lightspeed’s Jeremy Liew told TechCrunch during the .
Which had been followed closely by good $13.5m bullet away from Show A financing in the contributed from the another prestigious VC firm, Standard Financing, using its mate Mitch Lasky advising the newest York Minutes one to “We been reading Snapchat in the same framework while the Fb, Instagram and you may Fb. Continue reading cuatro. Snapchat will be prosecuted by among the co-founders