Sign up FAST! Login

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

Stashed in: startup, Snapchat

To save this post, select a stash from drop-down menu or type in a new one:

“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.”

He owns 25% of Snapchat. 

Therefore he believes $750 million is a "short-term gain".


he has already taken some millions off the table, so he has money. 

So then he explained himself incorrectly.

The truth is that he ALREADY took a short-term gain so why would he need more.

A few million for the founders provided enough of a principal life savings that they can then go for the home run without *that* worry. I would say that a $3 billion is a home run, and now they must be going for self-entertainment ala Mark Zurkberg. 

Put another way, he's in it for the experience, not the money.

or. he realizes he has enough* money so he can focus on the experience #moremoneylessproblems

You May Also Like: