Snapchat's Disappearing Valuation: Filing Says It's Worth $2 Billion

Nitasha Tiku · 12/05/13 04:50PM

According to a Business Insider report, a new regulatory filing unearthed by VCExperts, which measures data on private companies, shows that Snapchat will only raise $54 million, a steep drop from the rumored $200 million round. But the biggest nosedive is the ephemeral trendsetter's valuation. The filing says investors value Snapchat at $2 billion—not the $3 billion, or $3.5 billion, or $4 billion previously reported.

How To Screw a Friend Out of an $800 Million Idea

Sam Biddle · 08/05/13 01:19PM

There are some forces so powerful, not even the wrought iron bonds of frat friendship can withstand them. Money is one—and so the fun-loving young dudes who made Snapchat are at each other's throats in court. Here's where it started to go bad.

Snapchat Had the Frattiest Creation in Startup History

Sam Biddle · 07/10/13 01:30PM

The Brogrammer is a mostly mythological figure, a nine-headed scapegoat. But there are, of course, programmers who also happen to be massive bros. For instance, the dudes who founded mega-valuable Snapchat. When you call yourself a "certified bro" in an email to the opposite sex, then yes, you probably are. Let's read their emails and texts.