Mitch Lasky is stepping down from the board of directors of Snap. He is a partner at early stage investor Benchmark, which helped to launch and owns more than 30% of Snap, and was believed to have been planning to leave the board for some time. More information is expected at Snap’s annual meeting, but early stage investors often step down once the company they helped start is established. The Snap founders are also looking to sell their stake in the company.
Mitch Lasky is stepping down from the board of directors of Snap. He is a partner at early stage investor Benchmark, which helped to launch and owns more than 30% of Snap, and was believed to have been planning to leave the board for some time. More information is expected at Snap’s annual meeting, but early stage investors often step down once the company they helped start is established. Snap, which runs products including Snapchat and Spectacles, is now valued at about $16.5bn.