Skip to content

How did a California Catholic school make $24 MILLION on Snapchat?

By ChurchPop
3/8/2017 (3 weeks ago)
Catholic Online (www.catholic.org)

How should YOU invest?

St. Francis Catholic High School in Mountain View, California recently revealed that it invested just $15,000 in a very early seed round of funding for Snapchat (now known as Snap) back in 2012.

Can Snapchat change your life?

Can Snapchat change your life?

Highlights

By ChurchPop
Catholic Online (www.catholic.org)
3/8/2017 (3 weeks ago)

Published in U.S.

Keywords: Catholic School, Snapchat, investment


Mountain View, CA (ChurchPop) - Snap just went public with an IPO, and the school sold some of their shares for a whopping $24 million.

They only sold two-thirds of their shares, saving one-third in hopes that the share price will continue to rise.


The school president said the money would be used to carry out their strategic plan, which includes expanding financial aid and growing their science and technology programs.

So why was the school investing in Snapchat in the first place? The school has a special growth fund that they've used to make investments since the 1990s as a way of generating additional income. In 2012, a father of two girls at the school who ran a venture capital firm recommended the school make the investment in the fledgling start-up.

One Catholic school made millions by investing in Snapchat.

One Catholic school made millions by investing in Snapchat.


This article originally appeared on ChurchPop.com. Not for redistribution.

Take the Lent quiz now!

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for MARCH 2017
Support for Persecuted Christians.
That persecuted Christians may be supported by the prayers and material help of the whole Church.


Comments


More U.S.

IHOP employee pictured with disabled customer melts hearts around the world Watch

Image of Joe Thomas believes he was doing what was right and hopes others will 'pay it forward' (WAND-TV).

Joe Thomas has been an IHOP employee for over a decade in Springfield, Illinois, so when a couple of regulars came into his restaurant, he ... continue reading


Victims of Texas horror crash identified as faithful church members Watch

Image of Victims of deadly crash identified (KABB).

Fourteen choir members of the First Baptist Church in New Braunfels were driving home from a church retreat Wednesday afternoon when their ... continue reading


Christian student suspended for arguing with Muslim teacher - 'Obviously Rollins College has an agenda when it comes to Religious Freedom' Watch

Image of Marshall Polston continues to fight his case against Professor Zufari.

Marshall Polston, a Christian and a student at Rollins College in Florida, was stunned when his professor claimed the crucifixion was a ... continue reading


Heroes of justice responsible for uncovering Planned Parenthood's horrific illegal baby organ sales now face JAIL TIME Watch

Image of David Daleiden and Sandra Merritt of the CMP encouraged Americans to take a stronger stand against Planned Parenthood.

David Daleiden and Sandra Merritt of the Center for Medical Progress uncovered Planned Parenthood's murderous scam of promoting baby ... continue reading


Walking in the footsteps of migrants

Image of

Recently, I was given a unique opportunity to taste some of the bitter hardships endured by fellow human beings fleeing drug-gang violence, ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.