Snap CEO Evan Spiegel Admits He Needs to Communicate With Investors Better
Snap (NYSE: SNAP) CEO Evan Spiegel spoke at Vanity Fair's New Establishment conference yesterday. Among other topics, the 27-year-old CEO admitted that he didn't fully realize how important it was to communicate better with investors. Taking a private company public is a daunting task, and does come with considerably more regulatory oversight, especially when it comes to disclosures and corporate communications.
Here's the relevant excerpt from his interview with Walter Isaacson:
Our view is that we saw a tremendous benefit to transitioning our investor base from short-term venture investors to long-term investors, and ultimately getting currency, getting liquidity, because we really believe that's the best way to grow the company for the long term. I think one of the things I did underestimate was how much more important communication becomes.
Source: Fool.com
