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Snap IPO earns millions for Catholic high school thanks to investor dad
Saint Francis High School in Mountain View, Calif., invested $15,000 in
Snapchat’s seed round when the dad, Lightspeed partner Barry Eggers,
invited the school’s board to participate in the seed round with his firm.
Lightspeed invested $485,000 in the round. Lightspeed still owns 81,996,629
shares, according to the prospectus, and has voting rights associated with
its stock.
Saint Francis High School in Mountain View, Calif., invested $15,000 in
Snapchat’s seed round when the dad, Lightspeed partner Barry Eggers,
invited the school’s board to participate in the seed round with his firm.
Lightspeed invested $485,000 in the round. Lightspeed still owns 81,996,629
shares, according to the prospectus, and has voting rights associated with
its stock.