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Snapchat Declines $3B Facebook Deal

Snapchat

Facebook offered to buy Snapchat for $3 billion, but the messaging service declined the deal. According to a report in the Wall Street Journal by Evelyn M. Rusli and Douglas MacMillan, Snapchat, and the company’s 23-year old CEO Evan Spiegel will not likely consider an acquisition anytime soon.

[Image courtesy: Snapchat]

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.