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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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IVP: We Love LA, So We Invested In Snapchat

socalTECH

A lot of heads turned Monday after Venice-based Snapchat , the instant-photo messaging service known for its self destructing chats, announced a huge, $60M round at a huge valuation. Why did lead investor IVP invest in what most local investors shied away from? snapchat venture capital investment valuation jamdat'

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

The group occupies some familiar spaces for past investments, with a focus on niche social communities, mobile media tools and augmented reality. Snap investment Hardworkers. Yellow investment SketchAR. Earlier Yellow bets skewed more toward content investments as Snapchat was scaling Discover.

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Report: Tinder Now Valued Over $5 Billion

socalTECH

Los Angeles-based Tinder , the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. A valuation of $5 billion puts Tinder''s worth above the $3 billion offer that Snapchat rejected last year from Facebook. Bloomberg cited "people with knowledge of the deal."

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The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

For example, Lookout is a mobile security company that was founded by three talented graduates of USC. And consider Snapchat – one of our hometown favorites as they’re based in LA (Venice Beach). Locally we call it “the Snapchat effect.” .” Boston is still a great tech hub.

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Here’s Why it Was an Epic Month for #LATech

Both Sides of the Table

In fact, many people know I grew up in NorCal and still have a 650 area code on my mobile phone. I’m super proud of the work produced by Gravity , a local #LATech company I invested in who was recently sold to AOL for $90 million. LA has a serious technology scene. And I’m proud of that, too. Maker Studios. FullScreen.

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Why Venture Capital is So Much More Compelling Now

Both Sides of the Table

The opportunity set is much bigger than ever (50x more users, 10x time online, mobile, social, credit-card enabled, global) … when things work they work faster and at an unprecedented scale. Think DropBox, Airbnb, Pinterest, Maker Studios, SnapChat, Tinder). These are most notable in late-stage, D-round, investments.