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Snapchat is raising another $55M, with a $2B valuation

3 pointsby louhongover 11 years ago

2 comments

Mankhoolover 11 years ago
Would someone more informed that I am about VC please explain why this is a better move than taking $3B or $4B in cash?
001skyover 11 years ago
<i>Snapchat’s latest raise comes just a few weeks after The Wall Street Journal reported the company was looking to raise $200 million with a valuation of $3 to $4 billion. One company named in the rumors was China’s Tencent Holdings, which would love to be a part of a growing American tech company like Snapchat.</i>