Read the full story here Web Link posted Thursday, March 2, 2017, 6:08 PM
Town Square
Snapchat IPO brings windfall to St. Francis High School
Original post made on Mar 3, 2017
Read the full story here Web Link posted Thursday, March 2, 2017, 6:08 PM
Comments (7)
Posted by Vivian Loney Gallant
a resident of Another Mountain View Neighborhood
on Mar 3, 2017 at 6:30 am
a resident of Another Mountain View Neighborhood
on Mar 3, 2017 at 6:30 am
I just wanted to shout out to my beloved high school, St. Francis for their good sense and good fortune. May this windfall create lots of scholarship opportunities.
Posted by Bruce England
a resident of Whisman Station
on Mar 3, 2017 at 2:42 pm
a resident of Whisman Station
on Mar 3, 2017 at 2:42 pm
I would have liked the story better if it had been the students themselves that made the investment choice (for that matter, all the investment choices through the program). But still, congrats!
Posted by Phil Aaronson
a resident of The Crossings
on Mar 6, 2017 at 12:21 pm
a resident of The Crossings
on Mar 6, 2017 at 12:21 pm
I find it more than a little bizarre to read that a high school invested in Snapchat of all things. Investing is tantamount to an endorsement. And to see a high school like St. Francis endorsing an app that is at best a distraction for students and at worst a tool for bullying is a little mystifying. Did Snapchat accept a $15K investment precisely for this kind of press at IPO? And what kind of policy does St. Francis have for Snapchat use? Early on, the major feature that differentiated Snapchat from its competitors like Facebook and Instagram was that it took pains to remove pictures shortly after they were viewed. I got the impression that its main use case was as a way to share "party" pictures. It has since evolved into being much more than that, but early on especially, when this investment was being made, this was a very questionable app. Maybe I'm old fashioned, and I sincerely hope St. Francis' windfall is well spent, but I hope they are a little more careful in selecting companies to invest in going forward.
Posted by Plans?
a resident of Another Mountain View Neighborhood
on Mar 6, 2017 at 1:26 pm
a resident of Another Mountain View Neighborhood
on Mar 6, 2017 at 1:26 pm
Scholarships for all neighborhood kids sounds like a GREAT idea! The more neighborhood kids who are close enough walk or bike in will mean that much less traffic.
Posted by Suzy
a resident of Cuernavaca
on Mar 6, 2017 at 1:48 pm
a resident of Cuernavaca
on Mar 6, 2017 at 1:48 pm
Gee Phil, sounds like sour grapes or simply envy. St. Francis made a great investment and it paid off handsomely.
Posted by Phil Aaronson
a resident of The Crossings
on Mar 6, 2017 at 2:02 pm
a resident of The Crossings
on Mar 6, 2017 at 2:02 pm
Sour grapes? Why? If Saint Francis makes $1 or $20M or $100M on an investment it really makes no difference to me whatsoever. However I am still mystified why a high school, any high school, anywhere would ever think it was a good idea to *endorse* Snapchat.
Posted by neighbor
a resident of another community
on Mar 6, 2017 at 7:36 pm
a resident of another community
on Mar 6, 2017 at 7:36 pm
Web Link
Decidedly NOT a good role model for high school youth. To who do I refer:
Evan Spiegel, SnapChat.
See above about time at Stanford.
A shame.
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