Zenly CEO and Snap executive Antoine Martin. Photo courtesy of Zenly
The Big Interview
Venture Capital Asia Startups

Snap’s Map Czar: In Five Years, Everyone Will Use Location Sharing

By  |  May 21, 2020 10:14 AM PDT
Photo: Zenly CEO and Snap executive Antoine Martin. Photo courtesy of Zenly

Zenly CEO Antoine Martin was on a weekend trip to Aspen, Colorado, in 2016 when an investor introduced him to Snap CEO Evan Spiegel over lunch. The two founders hit it off, and the next year, Snap bought Martin’s mapping app for $213 million.

That deal, still Snap’s largest, rankled some Snap executives and investors who had watched Snap’s stock dive from its public listing price a couple months prior. It didn’t help that Snap had nearly finished its own, similar product when it bought Zenly, which allows users to connect with friends on a whimsical map. But four years later, Snap has largely earned back Wall Street’s goodwill. And Zenly has quietly flourished on its own. 

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Big Read Startups Culture
Caroline Spiegel’s Porn Revolution
Art by Haejin Park. Photo courtesy Caroline Spiegel.
Birds chirp and wind rustles through leaves—the sounds of early fall. “Man, it’s beautiful out here,” remarks a deep, crackly male voice. “All the trees, the green. The leaves are just starting to turn colors. “What are you looking at me like that for?” he continues, chuckling. “No, I know that look. You are up to something naughty. “Whoa,...
Latest Briefs
 
Google Urges Court To Throw Out Texas-led Antitrust Case Against Ad Tech Business
Twitter CEO Shakes Up Security Team
TikTok Owner ByteDance’s 2021 Revenue Rose 70%
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Nick Tran. Photo by Hulu. Art by Mike Sullivan
Exclusive
TikTok’s Global Marketing Chief Abruptly Departs
TikTok’s leaders have pushed out Nick Tran, the company’s head of global marketing, two people familiar with the situation told The Information.
Images by Microsoft; Activision. Art by Mike Sullivan
News Analysis
Eight Takeaways From the Microsoft-Activision Deal
Microsoft’s $68.7 billion acquisition of Activision Blizzard may have caught the market by surprise, but the deal makes sense on a number of levels.
Microsoft's Chetan Nyak. Photo by Microsoft. Art by Mike Sullivan
The Big Interview Venture Capital Startups
Microsoft Quantum Computing Executive Sees Progress After Lagging Rivals
For more than 15 years, researchers at Microsoft have been chasing the idea of building a better quantum computer, an ultrapowerful machine that promises to accelerate everything from drug discovery to the development of electric batteries.
Art by Mike Sullivan
Exclusive Media/Telecom Entertainment
Inside the Battle for Streaming’s Home Screens: Hollywood Egos Collide With Algorithms
Last summer, executives at Eurosport—a London-based live sports TV network owned by U.S. media company Discovery—couldn’t believe their eyes.
Benchmark partner Sarah Tavel. Photo: Benchmark
Benchmark’s Approach to Crypto Takes a Page From Web 2.0
In the past year, venture capital firms with dedicated crypto arms like Andreessen Horowitz and crypto specialists such as Paradigm have gobbled up some of the hottest startups in the industry.
Art by Jesús Escudero
Opinion Asia Policy
China’s Tech Crackdown Is a Geopolitical Play
It hardly bears repeating that 2021 was a rough year for China’s platform companies. The firehose of new regulations and rolling crackdowns on everything from data security to overseas listings cost Chinese shares—including those of Didi, Meituan, Pinduoduo, JD.com, Tencent, and ByteDance— 42% of their cumulative value in the U.S.