Lightspeed Venture Partners was the first institution to invest in Snap
Snapchat aims to derive most of its revenue from advertising
The number of Snap's daily active users grew to an average of 158 million at the end of Dec
The messaging app firm expects to go public in March, may be valued at $20 bn to $25 bn
A dual-class structure creates two classes of shares, each with different voting rights
Currently, Snapchat has nearly 150 million daily active users.
Snapchat is introducing 'Our Story' -- a new global live story
The company was founded in 2012 and has raised a few million dollars
Social networks have traditionally formed tight bonds with actors, musicians, politicians and people who are known for nothing besides their online presence
International expansion is a natural next step for the five-year-old start-up
A couple of weeks ago, Snap filed confidential documents for a coming stock offering that could value the firm at $30 billion
Snap is planning an initial public offering valuing it at more than $20 bn just 2 years after it first began to generate revenue
Snapchat filed with the Securities and Exchange Commission under the US Jumpstart Our Business Startups Act
An IPO valued at $25 billion would be significantly higher than Snapchat's most recent valuation of $17.81 billion, based on a $1.81 billion financing round in May
The IPO would be the largest by any technology company after Chinese e-commerce giant Alibaba Group
Here's a look at what Snap Inc's Spectacles might offer
It currently has 150 million daily active users
Snapchat has persuaded brands like Tiffany & Company, Kraft Foods and Burger King that its ads let them interact playfully with this young audience
With this financing round, the company's valuation has jumped up to $17.81 billion
It has faced concerns that its estimated valuation is not justified because of its uneven revenue stream