From the section Technology 33 comments Share Image copyright A huge tech initial public offering raises billions. More money for super-rich investors and bankers, right? Well that's not the whole story. Not this time. If you're a parent, a letter home from school is common. But today, Simon Chiu, the president of Saint Francis High School in Mountain View, California, wrote to parents to share some "monumental news" . In 2012, he began, the school invested $15,000 in a cool new app that was being used incessantly by Andrew and Natalie Eggers, two siblings who attended the school. Their father Barry was a partner at Lightspeed Venture Partners, a local investment firm. After seeing how excited his children were to be using the app , and learning that their friends were as obsessed as they were, he decided to get involved. It was, of course, Snapchat. He met with co-founders Evan Spiegel and Bobby Murphy, who today are multi-m...
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