Evan Spiegel

  • Ex-TechCruncher Billy Gallagher announces book on Snapchat’s origin

    Ex-TechCruncher Billy Gallagher announces book on Snapchat’s origin

    “So much of it is stranger than fiction. It’s a great story, I knew that if I didn’t write the book, someone else would and I’d regret it,” says Billy Gallagher, author of “How to Turn Down a Billion Dollars: The Snapchat Story.” The book follows CEO Evan Spiegel from the Stanford dorms where Snap was invented, to rejecting Facebook’s… Read More

  • Google reportedly offered $30 billion to acquire Snapchat

    Google reportedly offered $30 billion to acquire Snapchat

    Nerdy Google has failed at social time and time again, so it considered buying teen sensation Snapchat. According to reports, the search giant held informal talks with Snap and floated an offer of $30 billion in 2016 before Snap’s last funding round, and just before its IPO this year. That offer was apparently an open secret inside Snap, and was on the table after the IPO, too. Read More

  • Snap is getting absolutely crushed after falling short of Wall Street’s expectations

    Snap is getting absolutely crushed after falling short of Wall Street’s expectations

    Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The stock is down more than 20 percent in extended trading after it reported its first-quarter earnings. In short, it doesn’t look good. Read More

  • These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow

    These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow

    Goodwater Capital has been trying to stake out new territory for itself by publishing a steady stream of research and tools that help inform both competing firms and startup founders. One of those pieces of research was a detailed snapshot of Snap. Armed with fresh survey data, firm co-founder Eric Kim says he’ll be listening for three things on Snap’s first earnings call. Read More

  • Snap valued above $30B as shares pop more than 40% in public trading debut

    Snap valued above $30B as shares pop more than 40% in public trading debut

    After months of hand-wringing, Snap’s IPO has now set the stage for what people will be expecting for the future of its business. Snap’s performance this morning is also setting the stage for what investors and Wall Street will be looking for at tech IPOs moving forward this year. Read More

  • Snap values itself at nearly $24B with its IPO pricing

    Snap values itself at nearly $24B with its IPO pricing

    Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by The Wall Street Journal. With that, it looks like Wall Street had plenty of appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon for… Read More

  • Snap supporters find a scapegoat in Jeremy Liew

    Snap supporters find a scapegoat in Jeremy Liew

    A couple of days ago, the New York Times wrote a story that aims to explain why Snap founders Evan Spiegel and Bobby Murphy have retained such a hold on voting power in the company — power that its shareholders will not enjoy. It’s a great account and wonderfully written by a reporter I respect greatly. But I don’t quite buy it. According to four sources who spoke to… Read More

  • Snap takes aim at Facebook in roadshow video

    Snap takes aim at Facebook in roadshow video

    Snap is about to embark on its investor roadshow as it prepares to go public at the beginning of March. And a new video gives a glimpse at how they will be trying to persuade Wall Street to buy shares. The video starts off with CEO Evan Spiegel emphasizing their mission as a “camera company.” He compares Snap’s video experience to Alexander Graham Bell’s invention of… Read More

  • Why Snap would lowball its IPO valuation

    Why Snap would lowball its IPO valuation

    The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More

  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More

  • Snap paid $114.5M to acquire Vurb and gives acquisition details for Bitstrips and Looksery

    Snap paid $114.5M to acquire Vurb and gives acquisition details for Bitstrips and Looksery

    Now that Snap is revealing its financial guts to the world in its filing for its initial public offering, we’re getting a small glimpse at how much the company is paying to acquire startups. As Snap becomes a larger company and is able to amass more of a cash pile, it’ll be able to start picking off startups that can either fill out the company’s ranks with talent or add… Read More

  • Snap will expand distribution of Spectacles in 2017, but hardware remains an experiment

    Snap will expand distribution of Spectacles in 2017, but hardware remains an experiment

    Snap, Inc. just released its IPO and there’s a lot to take away, but from a hardware perspective there’s not much present – which is actually telling in itself. The S-1 filing contains a few references to Spectacles, but they don’t suggest Snap’s view of itself as a camera company leans very heavily on its hardware products or pipeline. But that could still change… Read More

  • Snapchat international user growth slowed in the second half of 2016

    Snapchat international user growth slowed in the second half of 2016

    Snapchat parent Snap Inc. wanted to present a growing and and highly engaged user base today in its bid to go public. But there are reasons for concern, especially when you look more closely at user growth in Europe and the rest of the world With the release of the company’s S-1 filing today, Snap revealed that at the end of 2016 the company had 158 million daily active users who… Read More

  • Snapchat will make Los Angeles a stronger tech hub Crunch Network

    Snapchat will make Los Angeles a stronger tech hub

    If you were to write a history of Silicon Valley, you could do it by looking at a series of major diaspora. Companies like Google, Yahoo, Oracle and PayPal attract top talent for years; when they reach maturity or a major liquidity event, their talent disperses and germinates into the next generation of companies. It’s quite possible that Snapchat could do the same for L.A. Read More

  • Snapchat’s 10 second video glasses are real and cost $130

    Snapchat’s 10 second video glasses are real and cost $130

    Snapchat’s long-rumored camera glasses are actually real. The startup’s first foray into hardware will be a pair of glasses called “Spectacles” and will go on sale this fall for $129.99, as first reported by The WSJ and confirmed to TechCrunch by the newly rebranded Snap Inc.. The glasses will only come in one size, but will be available in three colors –… Read More

  • Snapchat’s Evan Spiegel Explains Snapchat In A Dimly Lit Room

    Snapchat’s Evan Spiegel Explains Snapchat In A Dimly Lit Room

    Inexplicably, Snapchat has posted a video to its official YouTube page in which CEO and cofounder Evan Spiegel describes how the app works – four years after it was founded. In it, he uses a sketchpad, a Sharpie and some secret knowledge to explain why younger demographics of users love Snapchat and to explain why the app has one of the more confusing design schemes in existence. He… Read More

  • Snapchat CEO Evan Spiegel On Email Hacks: “Our Work Has Been Violated And Exposed”

    Snapchat CEO Evan Spiegel On Email Hacks: “Our Work Has Been Violated And Exposed”

    Snapchat co-founder and CEO Evan Spiegel today released a powerful statement about privacy, a day after the latest batch of emails released in the massive Sony Pictures hack exposed a number of Snapchat’s company secrets. On Tuesday afternoon, the hacker group that calls itself the “Guardians of Peace” released the contents of the email inbox of Sony Pictures CEO Michael… Read More

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