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Investors seek to relive dotcom boom

The stories of failure have not dented investor appetite for the brightest stars in the startup firmament, propelling the firms to multibillion-dollar heights

RED-HOT STARTUP: Although Snapchat has been collecting revenue from advertising for less than a month, the promise of its business has excited many in the tech and media industries.

WHAT a difference a year makes.

Less than 12 months after investors valued Snapchat, the red-hot messaging app, at about US$10 billion, the startup is again in the market for money - and poised to nearly double that valuation.

A range of other popular startups are also poised to