Mitch Miller is stepping down from the board of directors of Snap . He is a partner at early stage investor Benchmark , which helped to start and owns more than 50 % of it , and was believed to have been planning to buy the company 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 . Benchmark hired its first female general partner, Sarah Tavel, earlier this year. Snap , which runs products including Snapchat and Spectacles , is now valued at about $ 16.5bn .
Mitch Miller is stepping down from the board of directors of Snap . He is a partner at early stage investor Benchmark , which helped to start and owns more than 50 % of it , and was believed to have been planning to buy the company 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 .