Chip Shots by Chip Griffin

Collateral Disclosure

(via Tech Crossroads)

In November, Snapchat faced a wave of stories after it was learned that one of its investors had marked down the value of the investment by 25 percent. Needless to say, the company couldn’t have welcomed the news coverage. As a private company, Snapchat is under no legal obligation to disclose its value. In fact, most startups carefully guard things like user counts, revenue, number of employees, and the like. To the extent that these numbers become public, it’s usually because of a leak or smart speculation from analysts looking at data from suppliers or others who might serve as…

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