Yakety Sax: Why Yik Yak's Huge New Funding Round Isn't As Ridiculous As It Sounds

What Yik Yak raising $62 million means for Sequoia Capital, bullied teens, a spurned cofounder, and bubble watchers everywhere

Yik Yak, the controversial anonymous messaging app popular on high school and college campuses, has raised its third round of funding this year. Sequoia Capital led this $62 million capital infusion in the Atlanta-based startup, putting the company's valuation in the hundreds of millions of dollars.

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