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      "text": "Snapchat is a seed stage mobile photosharing/communications company based in Palo Alto. The company builds an iPhone app that allows users to send annotated photos to each other. The photos are visible to the recipient for only a short period (3-10 seconds is typical) before being deleted.",
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      "text": "Lightspeed has the opportunity to lead a $500k convertible note financing with a cap of $4.25M. Lightspeed will do $485k of the round, with $15k allocated to the investment fund of a local school...",
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