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Friday, 29 November 2013

No , I don't Want CASH US$3 Billion says Young CEO

Posted on 00:31 by Unknown


Until recently, it would have been a safe bet that no 23-year-old in the world had ever turned up his nose at $3 billion. But that's exactly what Evan Spiegel, the co-founder and chief executive of messaging service Snapchat, did when Facebook offered to buy his company.

Citing unnamed sources familiar with the offer, The Wall Street Journal reports Facebook offered Snapchat an all-cash deal of $3 billion or more. At the time of its last funding round, in June, Snapchat was valued at only $800 million. (It raised $60 million in June of a total $73 million to date.)

The deal would have marked Facebook's most expensive acquisition, outstripping even its $1 billion purchase of Instagram in 2012.
Snapchat has been enjoying explosive growth as the app of the moment for teens, tweens and twentysomethings who act like teens. In September, Spiegel announced that his service transmitted 350 million snaps a day, up 75 percent from the time of its $60 million Series B round. Snapchat allows users to send photo and video messages to each other that disappear after several seconds. The ephemeral nature of Snapchats make them a popular medium for sexually suggestive photos, not to mention silly stuff that you don't want preserved forever on a Facebook Timeline.

Read further at : Entrepreneur.com
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Posted in Billion, Business, Cash, CEO, Evan Spiegel | No comments

Wednesday, 6 November 2013

Posted on 07:58 by Unknown


Looking for ways to secure a loan or increase the value of your company?

Ever thought of doing a brand valuation?

Why not join us for an insightful and stimulating roundtable on brand valuation this 30th November?

With a special guest speaker from Malaysia Debt Ventures Bhd, you’ll learn more about IP valuation, find out how to apply for funds under the IP financing scheme, and discover how knowing what you have and what your business is worth can help you secure loans and boost your bottom line!

When                :           9.30 am - 12 noon, 30th November 2013
Where               :           KASS Training Centre, Menara Mutiara Bangsar, Jalan Liku, Off Jalan Riong, Bangsar, 59100 Kuala Lumpur
How Much        :           Only RM30!

Limited seats available. Call Vijay at 03-22847872 or email kass@kass.com.my to book your seats!
Read More
Posted in brand, IP, loan, roundtable, valuation | No comments
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      • No , I don't Want CASH US$3 Billion says Young CEO
      • Looking for ways to secure a loan or increase the ...
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