Snapchat Shows us that Startup Funding has not Dried up, but Change has come to the Venture Capital Market.
As the CEO of the equity crowdfunding platform + early stage venture fund, Crowdfunder.com, I have a front row seat to the rapidly changing dynamics of Venture Capital.
On May 26th, Snapchat announced it closed a Series F round of $1.8 Billion, at a $20 Billion valuation, jumping $5 Billion from its Series E raise in March of 2015 and up $10 Billion from its Series D raise in December 2014. This valuation shows strong confidence from investors. Snapchat is currently #6 on the Forbes Unicorn list behind companies like Uber and AirBNB. To many readers unfamiliar with Snapchat, it may come as a surprise that it is so highly valued. What is this ghost app you keep seeing?