Term Sheet — Wednesday, November 8

5 Qs WITH A DEALMAKER

Snap revealed some worse-than-expected earnings in the third quarter and a $40 million Spectacles flop during its earnings call on Tuesday. CEO Evan Spiegel noted that the company will redesign the app "to make it easier to use."

Last Friday, I spoke with Jeremy Liew, the man who wrote Snap's first check. Liew, a partner at Lightspeed Venture Partners, invested $485,000 in Snap in April 2012 -- an investment that returned more than $1 billion when the company went...

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DEALMAKER [+]    Spectacles [+]    Evan Spiegel [+]    Jeremy Liew [+]    Liew [+]    Lightspeed Venture Partners [+]    April 2012 [+]   

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