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Instagram Rival Dispo Is Likely to Be Valued at $100M or More

It seems like everyone wants to get their hands on David Dobrik's new photo app Dispo — investors included.

Days after launching a beta version of the platform, the Los Angeles startup was also in talks with investors including Andressen Horowitz, Sequoia Capital and Benchmark to raise a Series A round likely to value Dispo at $100 million, if not more, a source familiar with the talks confirmed. The news was first reported by The Information.

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office hours

VC Legend Bill Gurley on Startups, Venture Capital and Scaling

On this week's episode of Office Hours, you'll hear from VC legend Bill Gurley, a general partner at Benchmark. Based in Silicon Valley, Bill is famously known for investing early in trailblazing companies including Uber, GrubHub and Zillow — the company I co-founded and led for 10 years.

This is the first time I've had a guest on twice, and that's because Bill is so full of dense, rich insight when it comes to startup culture, tech and investing — dot.LA's sweet spot.

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