Before the $3 billion offer, when SnapChat raised $80 million at an $800 million valuation, the founders each took $10 million off the table. The investors pro

Before the $3 billion offer, when SnapChat raised $80 million at an $800 million valuation, the founders each took $10 million off the table. The investors probably wrote a clause into the deal giving them the right to approve any acquisition offer [1]. The investors want tens of billions. 1. http://valleywag.gawker.com/source-snapchat-cofounders-unloaded-personal-stock-for-574730704 http://valleywag.gawker.com/source-snapchat-cofounders-unloa...