Iterations: SnapChat?s Success Challenges Many Silicon Valley Assumptions

Yesterday, it was confirmed -- SnapChat raised a big investment round of funding. By now, everyone also knows that SnapChat is a new communication medium, a phenomena reflecting a desire for ephemerality, and the fastest-growing consumer app out there today. As I was drafting this post last night, Saturday Night Live's Seth Meyers mentioned the service during the shows "Weekend Update" news segment.

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