OH SNAP: No, this is not the most reliable way to fund a school—Really. But five years ago, Saint Francis High School, a private Roman Catholic school in Mountain View, CA, plunked down $15,000 to invest in a startup that was building a photo sharing application. And as Snap Inc. went public last week, the school cashed in two-thirds of its shares to reap $24 million. Its remaining investment holdings of 700,000 shares, could be worth even more. Quartz has a giddy story about the investment here.
Worth noting is the likelihood of such a windfall: 30 out of 14,300, close to the odds of winning $100 in a Powerball lottery.