Venture capitalists give Snapchat a $13.5M poke
Snapchat, the social-media app designed to let users send pictures and video that self-destruct after a set time -- and that seems to have prompted Facebook's competing Poke app -- has raised $13.5 million in venture funding.
The New York Times' Jenna Wortham mentions the cash infusion in an article about the app published Friday evening. Wortham reports that the funding was led by Benchmark Capital, which, she says, values Snapchat at $60 million to $70 million. She quotes Benchmark's Mitch Lasky, who learned of the app from his teenage daughter: "I started hearing Snapchat in … Read more