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Founders cash in on Snapchat

Snapchat founders are a picture of instant wealth.Evan Spiegel and Bobby Murphy, who started the self-deleting, photo-sharing app two years ago, are both $10 million richer after selling shares during their company’s latest fundraising round, according to reports.Venture capitalists eagerly threw $60 million at the no-revenue company… …read more
Source: NY Post

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Posted by on June 26, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.