Sources: Snapchat Raising ?North Of $10M? At Around $70M Valuation, Led By Benchmark?s Mitch Lasky

We now have a foil for all the young consumer startups trying to raise their first venture rounds. Snapchat, an increasingly popular mobile app that auto-deletes photos shortly after viewing, is about to close a big new round of funding from Benchmark Capital. We've been chasing for the last week or two, but Om Malik has published first -- with a few different details.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/U-MKiwX3G3E/

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