Distribution channel The tatget model and demographic is paralleled to Snapchat but not identical. Snapchat was stared in 2011 and venture firm Lightspeed Venture Partners invested $4.4 million USD in a pre-monney valuation of $55 millionUSD. Partner, Barry Eggers, is a personal contact which has already expressed interest in Classified. Snapchat is currebtly valuated at beyween $10 - $20 billion USD and in 2012 / 2013 the company reiected cash ac quisition bids for $3 billion USD and $4 billion USD ( consecutively) from Facebook as well as Google
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