One of the biggest social media’s currently is snapchat. Becoming popular only a few years ago, the little white ghost has taken photo sharing to a whole new level. Snapchat creator Evan Spiegel became the youngest public company CEO when Snap began trading in March 2017. Every day about 170 million people, mostly teens and millennials, use Snapchat to send disappearing messages. Spiegel came from a wealthy family and was the son of two ivy league graduates. When he attended Stanford, he took classes in entrepreneurship and venture capital, where he learned from the Google CEO Eric Schmidt and YouTube cofounder Chad Hurley. Spiegel came up with the idea of snapchat with two of his friends from Stanford. After developing the business and acquiring investors, Spiegel dropped out of Stanford in order to fully dedicate himself to his company, which was called “Picaboo” at the time.
After gaining monumental success, Mark Zuckerburg offered to purchase Snapchat for 3 billion dollars. After he was turned down, the founder of facebook attempted to make his own version of Snapchat, a failed app called “Poke.”
The 26-year-old has been named the youngest self-made billionaire in the world by Forbes for the past two years. He has an estimated net worth of about $4 billion based on Snap’s value as a public company.
Evan Spiegel is the splitting image of an innovative, millennial entrepreneur. His business idea of disappearing images has transformed the social media market, the foundations of executive management, and the culture of millennials.
It’s incredible how someone so young can come up with such a successful idea. Snapchat will continue to be an incredibly successful apps for the years to come and I respect him a ton for not selling the company to Mark Zuckerberg. He knows what he’s passionate about and he wants to keep pursuing it.
No matter if you are walking down the street or hanging out with friends, I can guarantee someone is Snapchating. Evan Spiegel came up with a brilliant idea that attracted more than just millennials. He has surpassed some of the most successful social media platforms and Snapchat continues to rise. I love that it is such an easy app to use while keeping you connected with your social circle.
I find it crazy how fast this business was able to grow. It seemed like just overnight snap-chat became something that everyone had. Spiegel is a great example of an entrepreneur who followed a hunch, and in turn when collaborating with some of his friends he was able to create an extremely successful business.
I wonder how many students here at GCC would say that Snapchat is their main social media outlet?? It has grown so exponentially in the past few years that I can see why Evan didn’t sell to Facebook. He made the right choice and I hope his business will continue to grow!
The first time I heard of SnapChat, I thought it was a bad idea and would eventually die out. But I was wrong and it highlights a great point for young entrepreneurs. Don’t give up on your idea even if no one likes it. Keep working hard and who knows, maybe you will end up successful like SnapChat.