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Evidence receipt / belief

Published · transcript-backed

David Rosenthal: belief

23 May 2016 Acquired Snapchat

“ButMatt had been… well, first he was a very early employee at LinkedIn but then he was I think one of the first 5 employees at Facebook and then when he left Facebook to join Benchmark, his first deal that he did was Instagram.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
23 May 2016
Publisher
Acquired
Episode
Snapchat

Transcript context

…And you’re right, it’s totally legitimized it. Totally legitimizing it. So, just two short months later, February 2013, three huge pivotal moments for Snapchat. First, they announced that they’re now seeing 60 million Snaps per day going through the platform. Second, they raised their Series A. They raised $13.5 million from Benchmark at about $70 million valuation. And interestingly, there was actually Matt Cohler at Benchmark who first kind of identified Snapchat and started making inroads with them and then Mitch Lasky ended up leading the deal and turning the board for Benchmark. ButMatt had been… well, first he was a very early employee at LinkedIn but then he was I think one of the first 5 employees at Facebook and then when he left Facebook to join Benchmark, his first deal that he did was Instagram. And not a terrible track record.…

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