Billion Dollar Club: World's 10 Most Valuable Tech Startups
Snapchat
Valuation: $16-$19 billion
Developed by Stanford University alumni, Evan Spiegel, Bobby Murphy and Reggie Brown, Snapchat is a photo messaging app. The app lets you to click pictures and record videos and share them with friends adding texts and drawings. The startup is reportedly seeking a fresh round at a valuation of close to $19 billion.
Prime investors: Coatue Management, Yahoo, Lightspeed Venture Partners, Benchmark Capital, SV Angel and Kleiner Perkins.
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