Be Inspired! : Meet The Guy Who Rejected $3Billion From Facebook’s Zukerberg

Snapchat’s Evan Spiegel

Snapchat CEO Reveals Why He Rejected Facebook’s $3 Billion Offer.

Snapchat shocked much of the tech community late last year when a report in the Wall Street Journal revealed that it had turned down a $3 billion cash acquisition offer from Facebook. Now, Snapchat’s CEO has offered an explanation for why he hasn’t sold the company yet.

“There are very few people in the world who get to build a business like this,” Evan Spiegel told Forbes for a cover story profiling the cofounder and CEO, which was published online Monday. “I think trading that for some short-term gain isn’t very interesting.”

That might sound like a standard enough talking point for a founder until you consider just how much the “short-term gain” actually was. Forbes calculates that Spiegel and his cofounder Bobby Murphy would each have received $750 million from the Facebook offer.

The deeper reason for the decision, at least according to the Forbes profile, is that Snapchat’s founders sensed weakness and opportunity.

Facebook CEO Mark Zuckerberg first flew out to meet Spiegel in his hometown at the end of 2012, according to Forbes, and proceeded to try scaring Snapchat’s founders by telling them that Facebook planned to release a nearly identical app a few days later. “It was basically like, ‘We’re going to crush you,’” Spiegel told Forbes about meeting. That app was Facebook Poke, which proved to be a flop.

Zuckerberg paid another visit to the young company the following fall to make his bid to buy it, but by that point Snapchat’s founders felt they had an edge.

Snapchat has since raised another $50 million at a reported $2 billion valuation — less than Facebook’s reported bid, but getting there.

Source: Mashable

Comments

Passionate Murder: High School Football Star Stabs Gay Lover To Death

Bloomfield High School student Tarence Mitchell, 18, stabbed his male lover and boyfriend Ronald Taylor Jr., 27, five times with a steak knife after Mitchell decided to break off their relationship. it is him or no other! Read story after the cut Fox News reports Taylor arrived at Mitchell’s residence and struck him in the face before the stabbing commenced. But Mitchell initially lied to police and said they were attacked by two men wearing hoodies — a deliberate attempt to portray the domestic violence incident as a hate crime. Mitchell finally confessed that he and the older man were lovers, and that Taylor had wined and dined him and plied the high schooler with marijuana and alcohol for two years. Court documents state that Mitchell ended the relationship with Taylor at the end of 2012. But “Taylor posted a picture of him on Facebook that included a blog of bad things about him, including him being a Bloomfield gay football star.”. Court documents fu

Over Here Guys!; Mosanto Develops Revolutionary New Penis-Enlarging Corn Crop. (Must Read)

The multinational agrochemical and agricultural biotechnology corporation, Monsanto, announced this morning, that they had genetically engineered a modified corn crop, designed to help men have larger penises and longer-lasting erections. The company’s scientists used genes from a number of plants to create this surprising species of transgenic corn, described as “more efficient than any penis-enlarging pill”. They notably used genetic material from a plant native to Indonesia and Malaysia, called Eurycoma Longifolia or Tongkat Ali , which is known for its ability to raise testosterone levels. They also used genes from watermelon, as its rind is a good natural source of citrulline, a dietary precursor which causes the penis to fill up nitric oxide. This relaxes the smooth muscle in blood vessels and erectile organs, augmenting the penis’ capacity for enlargement during erection. “Men will no longer have to pay hundreds of dollars to have larger penises” says Dr. Fi

Full Transcript! Address By President Buhari On CONVID-19

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE COVID- 19 PANDEMIC SUNDAY 29TH MARCH, 2020 1. Fellow Nigerians, 2. From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures in the event the disease hits Nigeria. 3. The whole instruments of government are now mobilized to confront what has now become both a health emergency and an economic crisis. 4. Nigeria, unfortunately, confirmed its first case on 27th February 2020. Since then, we have seen the number of confirmed cases rise slowly. 5. By the morning of March 29th, 2020, the total confirmed cases within Nigeria had risen to ninety-seven. 6. Regrettably, we also had our first fatality, a former employee of PPMC, who died on 23rd March 2020. Our thoughts and prayers are with his family in this very difficult time. We also

Pep Opara's Blog

Search This Blog