Snapchat has not yet produced hardly any money yet: it will not promote advertising, costs people to down load and you may/or use their application, or sell add-ons as with-app sales
Snapchat raised $485k of seeds resource out-of VC company Lightspeed Campaign Couples when you look at the , immediately following among their couples found that the 3 preferred apps certainly one of his d and you will Snapchat. “That is fascinating providers. Of those, the one we had never ever been aware of try Snapchat,” Lightspeed’s Jeremy Liew advised TechCrunch into the .
So it round try provided by the various other organization, Organization Campaign Lovers, and by this point, Snapchat’s valuation try $800m
Which had been followed closely by a beneficial $13.5m round out-of Series A financing into the provided by various other prestigious VC corporation, Standard Resource, having its companion Mitch Lasky informing the brand new York Moments you to “We become hearing Snapchat in identical perspective since Fb, Instagram and you can Twitter. You to definitely got me personally curious”.
Just five months later, Snapchat raised a great deal larger round, $80m, apparently and additionally $20m into the a great “supplementary providing” that more than likely aided Spiegel and you can Murphy cash-out a number of its equity about business.
In the private blog posts, these traders enjoys rhapsodised about Snapchat. “From the Standard i seek advertisers who wish to replace the globe, and Evan and you may Bobby indeed get that ambition,” blogged Lasky in the February. “We believe one Snapchat could become one of the most essential cellular people worldwide.”
Discover and IVP’s Dennis Phelps providing 10 Reason IVP Spent when you look at the Snapchat: “The development and you can wedding metrics try off the charts. Continue reading “cuatro. Snapchat is sued by the certainly the co-creators”