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Tech Investors Create a Billion-Dollar-Baby Boom

What a difference a year makes.

Less than 12 months after investors valued Snapchat, the red-hot messaging app, at about $10 billion, the start-up is again in the market for money — and poised to nearly double that valuation.

A range of other popular start-ups are also poised to propel their net worths to similar multibillion-dollar heights, including the virtual scrapbooking service Pinterest and the ride-hailing app Lyft. Uber, Lyft’s top competitor, has raised more than $3 billion in the last year and now has an eye-popping valuation of $40 billion.

By MICHAEL J. de la MERCED and MIKE ISAAC

Full Story: http://www.nytimes.com/2015/02/20/business/investors-create-a-billion-dollar-baby-boom.html?hp&action=click&pgtype=Homepage&module=photo-spot-region&region=top-news&WT.nav=top-news&_r=0

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