Snapchat CEO: Exact Formula Used To Build A $130 Billion Company! I Said No To $3 Billion From Mark Zuckerberg! It’s Time To Quit Your Job When You Feel This!

1395 snips

Mar 24, 2025

Evan Spiegel, co-founder and CEO of Snap Inc., talks about rejecting a $3 billion offer from Facebook at just 23, showcasing his resilience. He shares insights on his 'T-Shaped' leadership approach and how creativity is nurtured within tech teams. The conversation dives into the challenges of launching Snapchat and the importance of user feedback. Spiegel reflects on the unique impact of Snapchat on mental well-being and the need for a balance between work and family, emphasizing that passion drives success in entrepreneurship.

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00:00 / 00:00

Screenshot Invention

Snapchat's initial user feedback highlighted a major concern: the ability to take screenshots.
This led to the invention of screenshot notifications, a key feature that fostered trust and made picture messaging more comfortable.

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Early Investment

Investors initially doubted Snapchat, fearing its vulnerability to being copied by larger tech companies.
Despite this, Lightspeed Venture Partners invested $485,000 at a $4.25 million valuation, seeing potential in its user engagement.

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Three-Day Outage

Snapchat experienced a three-day service outage due to a technical issue, raising concerns about user retention.
Surprisingly, users returned upon restoration, demonstrating the product's value and increasing the team's conviction.

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