Would someone more informed that I am about VC please explain why this is a better move than taking $3B or $4B in cash?
Snapchat’s latest raise comes just a few weeks after The Wall Street Journal reported the company was looking to raise $200 million with a valuation of $3 to $4 billion. One company named in the rumors was China’s Tencent Holdings, which would love to be a part of a growing American tech company like Snapchat.