socalTECH

APRIL 22, 2020

Santa Monica-based Snap , the parent company of Snapchat , reported its first quarter 2020 financials on Tuesday afternoon, saying that it has seen an increase in both its daily active users and revenues. Despite the increase in usage and revenues, Snap still reported a net loss of $306M in Q1 2020. READ MORE>>.

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Activity Santa Monica Snapchat .Net 113

socalTECH

APRIL 24, 2019

the parent firm of Snapchat , reported its quarterly results on Tuesday afternoon, saying that its daily active users (DAU) increased by 2 percent quarter-to-quarter, to 190 million. However, Snap continues to post steep losses, saying it had a net loss of $310M in Q1 of 2019, on revenues of $320M. Santa Monica-based Snap Inc. ,

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Activity Santa Monica Snapchat .Net 113

socalTECH

AUGUST 6, 2015

Topping the list at #15 was Elon Musk , who splits his time between Los Angeles and Silicon Valley, with a net worth of $13.9 billion; David Sun and John Tu , the co-founders of Fountain Valley-based Kingston Technology, shared the spot at #41, with a net worth of $4.5 billion in net worth. billion in net worth.

Southern California 100

Southern California .Net Snapchat Los Angeles 100

socalTECH

NOVEMBER 8, 2017

Shap continues to lose money, hand over first, reporting it had a net loss of $443.1M SNAP CEO Evan Spiegel said on Tuesday the company is planning a big redesign of its Snapchat app, to broaden appeal of its app to new users. SNAP was already down around 12 percent in pre-market trading on Wednesday, falling from a close of $15.12

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Snapchat Venice .Net Report 113

socalTECH

MAY 2, 2018

Venice-based Snap , the parent company of Snapchat, missed its estimated revenue targets in Q1, reporting revenues of $230.7M The company reported a net loss of $385.8M versus and expected $244.5M for the quarter, and an adjusted negative EBITDA of $217.8M.

Snapchat 100

Snapchat Venice .Net Report 100

socalTECH

MARCH 2, 2017

The early pop in its shares pushes the net worth of Eval Spiegel and Bobby Murphy to more than $5.0 Snap, the parent company of Snapchat , is now the largest ever IPO to debut out of Southern California's high tech ecosystem. The company--which priced at $17.00 per share last night--opened at $23.71 billion each. READ MORE>>.

Southern California 100

Southern California Snapchat High Tech Venice 100

socalTECH

MARCH 1, 2017

Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Lasky joined Snapchat's board in 2013. Who are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon? billion in stock. READ MORE>>.

Southern California 100

Southern California Snapchat Venice .Net 100

socalTECH

AUGUST 8, 2018

the parent company of Snapchat , has raised $250M in the publicly held company from the Saudi royal family. The investment injection comes as Snap announced its Q2 results, where the company reported a net loss of $353.3M Venice-based Snap Inc. , percent stake in the company. READ MORE>>.

Venice 100

Venice Snapchat .Net Invest 100

Both Sides of the Table

APRIL 1, 2015

We offered a service that has a net promoter score of 87 placing us higher than such great brands as USAA, Costco, Apple and Amazon. But what if we could make those photos disappear like SnapChat? That tested well, but it seems the press liked SnapChat better. How did we achieve these initial results?

Snapchat 150

Snapchat Press .Net Custom 150

Both Sides of the Table

JUNE 8, 2014

I don’t need to tell you what else is LA … SnapChat, Whisper, Tinder. The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world. All great communication companies. KickStarter?

Startup 390

Startup Venture Capital Capital Funding 390

socalTECH

AUGUST 10, 2017

announced its quarterly results for its second quarter, saying that it had a net loss of $443.0M Venice-based Snap Inc. on revenues of $181.67M for the quarter ended June 30th, 2017. The company's revenues increased from Q2 of 2016, when it had $71.798M in revenues. According to Snap, it now had daily active users (DAUs) of 173 million in Q2.

Venice 113

Venice .Net Activity Social Media 113

Both Sides of the Table

JUNE 17, 2017

Or you know the other one — the one where Snapchat lost $2 billion in just one quarter. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” Two-f **g-billion! What a disaster! Not necessarily.

Startup 227

Startup Venture Capital Sales Course 227

socalTECH

MARCH 1, 2017

Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Who are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon? billion each in SNAP's publicly traded stock. billion in stock.

Southern California 100

Southern California Venice .Net Mobile 100

socalTECH

MARCH 16, 2017

Derek Norton: I just closed on a new fund, worth $5M, which I raised from a group of high net worth, high profile LPs. Some even had been directly impacted by companies like Snapchat, as they've leased buildings and started taking over real estate, and also the big development in Playa Vista. Tell us about the new fund?

Invest 145

Invest Funding Capital Startup 145

Startup Professionals Musings

MARCH 16, 2016

Prime examples include Uber, Airbnb and Snapchat. People are even talking about “decacorns" -- investable companies with net worth now exceeding $10 billion -- like Dropbox and Pinterest. This term is currently applied to recent startups who profess a current valuation which exceeds $1 billion. Could your startup be the next one?

Startup 57

Startup Software Review Equity Invest 57

Both Sides of the Table

SEPTEMBER 17, 2017

Our social graphs are locked in Facebook, Twitter and Snapchat. Unsurprisingly a whole generation of first time stock traders became jaded about not just Internet stocks but the entire public stock market system as many people lost a large portion of their net worth. So Where Do I Personally Net Out?

Course 280

Course Startup Framework Marketing 280