Snapchat has since raised another $55 million at a reported $US2 billion valuation – less than Facebook's reported bid, but getting there. The original feature of Snapchat is the ability to send snaps. Zuckerberg paid another visit to the young company in 2013 to make his bid to buy it, but by that point Snapchat's founders felt they had an edge. That app was Facebook Poke, which proved to be a flop. 'It was basically like, 'We're going to crush you',' Spiegel told Forbes about the meeting.

The deeper reason for the decision, at least according to the Forbes profile, is that Snapchat's founders sensed weakness and opportunity.įacebook CEO Mark Zuckerberg first flew out to meet Spiegel in his hometown at the end of 2012 and proceeded to try scaring Snapchat's founders by telling them that Facebook planned to release a nearly identical app a few days later. Forbes calculates that Spiegel and his co-founder Bobby Murphy would each have received $US750 million from the Facebook offer. 1 day ago &0183 &32 Peaky Blinders creator Steven Knight has given an update on the eagerly anticipated movie. That might sound like a standard enough talking point for a founder until you consider just how much the 'short-term gain' actually was. 6 hours ago &0183 &32 A lawyer for onetime cryptocurrency darling Sam Bankman-Fried is signaling that hes challenging the validity of new charges contained in rewritten indictments released in recent weeks after his. Evan Spiegel, co-founder and CEO of Snapchat, is one of the youngest entrepreneurs and highly successful entrepreneur to reach a billion-dollar valuation.

Who is the creator of snapchat