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Jeremy Liew of Lightspeed Venture Partners –the first investor in popular photo messaging application Snapchat, told CNBC he was excited about Whisper’s incredible growth. Liew invested $3 million in Whisper in April this year. “Three billion page views a month is a shockingly big number for a company only 18 months old,” Liew told CNBC.

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Yesterday Facebook made a change to its newsfeed algorithm, promoting high quality content and deprecating [fancy word for de-emphasizing] low quality content and meme photos. What will this mean for the new generation of content sites who have fed entirely off of social sharing?

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The cyber-currency was at the center of a Senate panel hearing Monday. Senators are looking into the way Bitcoin was used by the illegal drug marketplace that called itself Silk Road. But even with the scrutiny, Bitcoin investors drove the virtual currency to record highs.

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Chinese Bitcoin exchange, BTC China – the world’s largest by trading volume according to Bitcoinity.org – has closed a $5 million Series A from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China was bootstrapped prior to this round, with money put in by its three co-founders, Bobby Lee, Linke Yang, and Xiaoyu Huang.

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In April 2012, venture capital firm Lightspeed Venture Partners invested $485,000 in a startup called Snapchat. Snapchat allows users to send each other self-destructing photos. According to reports, the investment gave Snapchat a $12.5 million valuation. Today, Snapchat is worth $800 million. According to the Pew Research Center, 9% of all American cellphone owners use the app.

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When people — particularly investors — think of successful local marketplace businesses, they think of Yelp, OpenTable, maybe GrubHub, and Task Rabbit (to give our portfolio a little plug). What few realize, however, is that even the most successful of these businesses require time and patience to realize their full potential.

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How many younger readers really care about news and politics — as opposed to celebrity gossip, viral videos, and cat GIFs? Well, a site called PolicyMic is built around the proposition that readers under 35 are looking for something more substantive, and it just raised $3 million in new funding.

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Enterprise cloud startups are a particularly hot area these days. Since 2012, 18 enterprise cloud companies have gone public and half of them are worth over $1 billion today. And there’s more where that came from, like the 21 startups on this list.

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Personalis Closes $22M Series B Financing

10.07.2013 - Press Release

Personalis, Inc., the leading provider of advanced medical exome and genome sequencing and interpretation services, announced today the closing of a $22 million Series B financing. “This financing brings the total investment in Personalis to over $42M, the relative scale of which gives us a significant advantage over most new companies now entering this space,” said Personalis CEO John West. “We will use this to further build on our technological lead, expand our product offerings, scale our operations, and expand our commercial team.

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Peter Nieh: Focus On Repeatability

10.01.2013 - Wall Street Journal

GUEST MENTOR Peter Nieh, partner at Lightspeed Venture Partners: In the early days of a startup, every business component, from what to pay employees to new product features seems critical. However, I’ve have found that the most important aspect for success is relentless focus on establishing a repeatable customer acquisition process. This provides the essential foundation on top of which the team can scale the business in a highly efficient, rapid and predictable way.

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