Snapchat Startup Story – with founder Evan Speigel

Amazing  snap disappearing App Snapchat, that made Evan Spiegel as a great appearing inspiration to young entrepreneurs – Snapchat Startup Story

  • Born on 4th June 1990, in ritzy southern California, the oldest child of two attorneys. He was raised in a $2 million house in the Pacific Palisades neighborhood of Los Angeles
  • He got his first computer in his 6th grade. But also he was just as proficient at snowboarding. He and his father would take a helicopter to Canada to go snowboarding
  • In the summer of 2005, when Spiegel was just 15, he took two continuing-education courses at the Otis College of Art and Design in Los Angeles and also conducted experiments with Photoshop during school time and spend weekend at art lab of a local high school
  • After graduation from crossroads, a private high-school in Santa Monica, California, Spiegel enrolled at Stanford, his father’s alma mater, where he majored in Product design. Spiegel dropped out a few credits shy of graduation to work on Snapchat full-time
  • During 2013, He said “I loved the brand, I loved the lifestyle, and I was obsessed with the beverage. I had to be a part of it” and worked for RED BULL for some time and he took paid internship with biomedical company
  • His interest for entrepreneurship came when he crossed paths with Scott Cook, founder of Intuit, at a Stanford business school class he was sitting in on. Cook offered a job on seeing his interest to work in TxtWeb
  • Spiegel and his Kappa Sigma fraternity brother Bobby Murphy created FutureFreshman.com, a site with a guide for students, parents, and counselors on how to manage the college application process. But it failed reaching people
  • Reggie Brown approached Evan with his desire of deleting an image permanently from the web, which he once shared. The threesome then worked together, spending the summer of 2011 launched initially called Picaboo, the first version of Snapchat in July 2011 in which the snap will disappear after few seconds of posting even from server
  • On October 29, 2012 Snap chat launched its Android App. Headquarters is located at a 6000 square ft office at 63 Market Street in Venice, California, USA
  • December 2012- Facebook founder Facebook’s Mark Zuckerberg, met Spiegel and Murphy tried to draw out the partners’ vision for Snapchat–and he described Facebook’s new product, Poke, a mobile app for sharing photos and making them disappear with the icon as “Thumbs UP”
  • During mid 2013, Brown claims that he originally came up with the idea behind Snapchat as well as the ghost logo, back when the product was still called Picaboo, but that Spiegel and Murphy changed passwords to shut him out of the servers. Snapchat calls the lawsuit “devoid of merit”
  • On November 2013, Snapchat spurned a $3 billion acquisition offer from social networking company Facebook for the two-year-old app with no revenue. Spiegel and Murphy each still owned 25% of SnapChat at the time, which means they were both forgoing a $750 million windfall
  • After meeting with Mark Zuckerberg, Spiegel and Murphy ordered Sun Tzu’s The Art of War for each of their six employees
  • By May 2014, the tech blog Valleywag published emails Spiegel had sent as an undergrad. While the content is indefensible, Spiegel was forced to defend himself nonetheless. Spiegel replied, “I’m obviously mortified and embarrassed that my idiotic emails during my fraternity days were made public. I have no excuse,” he wrote in an email to Business Insider. “I’m sorry I wrote them at the time and I was jerk to have written them. They in no way reflect who I am today or my views towards women”
  • September 2014, Snapchat settles its lawsuit from Reginald Brown (alleged estranged co-founder) with undisclosed terms
  • November 2014- Snapchat announces Snapcash, a tool allowing people to send each other money easily through the app
  • December 2014- Microsoft removes third-party Snapchat apps from the Windows Phone store at Snapchat’s request. Since Snapchat has no official app, this means Windows Phone users can no longer use Snapchat

By mid of 2015 it got 100 Million Active Users Currently on Snapchat. Snapchat users are sending snaps at a rate over 400 million a day

REFERENCES

https://en.wikipedia.org/wiki/Timeline_of_Snapchat

http://techcrunch.com/gallery/a-brief-history-of-snapchat/

http://www.digitalinformationworld.com/2014/09/the-history-of-snapchat-infographic.html

http://www.businessinsider.in/11-brilliant-quotes-from-Evan-Spiegel-the-controversial-25-year-old-Snapchat-founder/On-not-giving-up-before-Snapchat-We-would-experiment-and-fail-We-must-have-attempted-nearly-34-projects-/slideshow/47941928.cms

https://en.wikipedia.org/wiki/Evan_Spiegel

http://www.forbes.com/sites/jjcolao/2014/01/06/the-inside-story-of-snapchat-the-worlds-hottest-app-or-a-3-billion-disappearing-act/

http://www.entrepreneur.com/slideshow/248136

http://www.cnet.com/news/snapchats-evan-spiegel-saying-no-to-3b-and-feeling-lucky/

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