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High school makes $24 million from Snap IPO

Silicon Valley school to offer scholarships, improve facilities

By Associated Press
Published: March 3, 2017, 10:17pm

MOUNTAIN VIEW, Calif. — Bake sales and car washes?

Not for one Silicon Valley parochial high school that hit it big this week and, by doing so, highlighted anew gaping economic disparities in the region.

St. Francis High School in Mountain View parlayed a $15,000 investment into a windfall of at least $24 million, capitalizing on a unique venture capital fund set up by the school’s investment-savvy parents.

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