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Snap Launches Seed Accelerator For Mobile Media

  • Re/code, Wednesday, May 23, 2018 4:50 PM
Snap just unveiled a seed accelerator for startups interested in building media projects for mobile devices. “The new accelerator, which Snap has named ‘Yellow,’ will invest $150,000 into 10 different creators or startups beginning this fall,” Recode reports. “The company will take a small equity stake in exchange for the money, according to Snap VP of Content Nick Bell, though he wouldn’t specify how much each stake would be worth.”

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