The latest example of bankers fleeing Wall Street to join tech companies comes via Snapchat's hire of Imran Khan. Khan, a well-regarded Internet stock analyst, has left Credit Suisse to become Snapchat's chief strategy officer. In this role Khan will help the company figure out how to generate revenue!!!!
Snapchat, the mobile messaging app that’s popular with teens, has hired a star tech banker to help young chief executive Evan Spiegel justify the startup’s multibillion-dollar valuation. The startup has named Imran Khan, the former head of Internet banking at Credit Suisse, as its first chief strategy officer, a Snapchat spokeswoman said. Khan will report directly to CEO Evan Spiegel, she said. Spiegel, 24 years old, is bolstering his management bench with business veterans as he seeks to turn his free app for disappearing messages into a moneymaker. Snapchat, valued at $10 billion by investors, began generating the company’s first revenue in recent weeks as it sold ads to marketers including Samsung and Universal Pictures.