28th June 2013: Snapchat’s VC Deal

Fortune‘s Dan Primack and Reuters’ Felix Salmon have two great post-mortems on this week’s Snapchat venture capital deal. Primack stresses the misalignment of VC (venture capital) and LP (limited partner) interests in how transactions are structured. Salmon points out that VC deals are framed for “growth and exit” rather than “entrepreneurs building for the long-term.” The exchanges between Primack and Salmon — and between their commenters — are an example of what can make blogging a faster learning experience than traditional sources. Time to brush up on your copy of Venture DealsThe Business of Venture Capital, or Term Sheets and Valuations.