Pivot cover image

Snap Inc.'s Evan Spiegel at Code 2022

Pivot

Is It a Good Idea to Buy a Venture Capitalist?

2min Snip

00:00
Play full episode
I think this was the logical step forward in being an independent company. We raised a lot of money from venture capitalists, I guess our first investor invested at a $4.25 million valuation. Venture investors are short-term investors. They invest for a couple of years, and then they rotate out of their investments. And so we were able to transition inherently short-term Investors to long-term investors by going private. That's the right thing to do to build our business. Despite that are being a little volatility that comes with that, ultimately that's the right way to go.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode