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Tuesday, December 3, 2013

Snapchat's 20-Something Founders Each Pocketed $10 Million In Addition To The $60 Million They Just Raised - Yahoo Finance

Snapchat's 20-Something Founders Each Pocketed $10 Million In Addition To The $60 Million They Just Raised - Yahoo Finance: "Taking money off the table in a secondary funding is common among hot startups. Dennis Crowley and Naveen Selvadurai were able to take $4.6 million each off the table when they raised Foursquare's $20 million round in 2010. Groupon's Andrew Mason also made himself rich in a secondary funding"

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