Mountain View: School and Investment-Savvy Parents

mountain view: Francis High School in Mountain View parlayed a 15,000 investment in the company that developed the Snapchat app into a windfall of at least 24 million, capitalizing on a unique venture capital fund set up by the school's investment-savvy parents, according to The Japan Times. The fund paid off when Snap Inc. began selling shares to the public Thursday and the school sold about 1.4 million of the 2.1 million shares at 17 each. St. It is holding the remaining 700,000 shares, which were valued at about 19 million Friday. This obviously couldn't have happened anywhere else. Silicon Valley is a pretty amazing place to live, school President Simon Chiu said. (news.financializer.com). As reported in the news.