Login

Post on Medial

Mr Z

 • 

Medial • 1m

Facebook offered him $3 Billion for his company. He turned them down. Now, his company is worth 5x what Facebook offered. 5 lessons from the crazy story of Evan Spiegel: Imagine being 23 and turning down $3 billion. Most would call you crazy. Your co-founders might even sue you. But now, Snapchat's worth between $15-30B (based on its market cap this year). The real story is wilder than you think... 2011: Spiegel launches Snapchat as a college project. Facebook offer: $3 billion in cash. Spiegel's response? "Thanks, but no thanks." Why would he do that? The answer reveals everything about Spiegel's character... 1. Double Down on Innovation When everyone said "pivot," Spiegel went all-in on his vision. 2. Focus on the Core User While Facebook chased everyone, Snapchat zeroed in on Gen Z. 3. Embrace Privacy He refused to sell user data or compromise on privacy. 4. Spot Trends and Capitalize Spiegel saw a major trend that allowed Snapchat to succeed.

10 replies58 likes
22
Replies (10)

More like this

Recommendations from Medial

Image Description

Ujjval Purani

Stealth • 3m

Did you know ? Snapchat received 3 Billion dollar acquisition offer from Facebook in 2013 they declined the offer and now there current valuation is 15 Billion dollars. Clubhouse received 4 billion dollar offer from Twitter and today they are loos

See More
3 replies3 likes
Image Description
Image Description

Raghav Srivastav

Stealth • 6m

When Mark Zuckerberg was creating Facebook, he took funds from his friend, why did he need money when he himself was a developer?

5 replies3 likes
Image Description

The unknown entrepreneur

Stealth • 7m

*Secret strategy of Mark Zuckerberg* 1. He buys Any small company that can grow and compete in the future with his company . Ex he thought that Instagram and WhatsApp will kill Facebook in the future, so he bought both of them. 2. If the company doe

See More
1 replies3 likes
1

Yash

Stealth • 6m

Let's Say a person has net worth of 1 Billion USD now I know he doesn't have that whole money in his bank account it's is diversified and all that. But like Roughly if he has 1 Billion how much he has in his bank ?

0 replies1 like
Image Description
Image Description

Havish Gupta

Stealth • 8m

The only reason that led to Byju's Failure. Aditya also got offered 1.4 crore to take down this video (he said in a podcast).

3 replies13 likes
Anonymous
Image Description

Anonymous

Stealth • 17d

🥹 A man in bengaluru d!ed after , his friends allegedly dared him to sit on a box of firecrackers . He was unemployed. His friends offered to buy him an autorickshaw if he sat on a box of firecrackers. they lit the box of firecrackers & ran away fro

See More
1 replies1 like
Anonymous
Image Description

Anonymous

Stealth • 17d

🥲 A man in Bengaluru d!ed after , his friends allegedly dared him to sit on a box of firecrackers . He was unemployed. His friends offered to buy him an autorickshaw if he sat on a box of firecrackers. They lit the box of firecrackers & ran away fr

See More
2 replies1 like
Anonymous
Image Description

Anonymous

Stealth • 8m

My friend is thinking to sign a 3 yr bond with macloid , on b pharm basis , but he is doing his m pharm 1 yr. Is it a good choice as company provides 3 yr experienc along with his m pharm course , . After 3 yr is it benifit as he have 3 yr exp + alo

See More
1 replies8 likes

Mohit Singh

Stealth • 7m

Meta, formerly Facebook, has unveiled two new open-source AI models called Llama 3 8B and Llama 3 70B, with 8 billion and 70 billion parameters respectively. 🚀 These models outperform some rivals and spark debate over open versus closed source AI de

See More
0 replies7 likes
Image Description
Image Description

Nawal

Stealth • 1m

Snapchat is loss making Company 🔥 Snap Inc.'s story is an interesting one. Despite pulling in $4.6 billion in 2023 revenue, mostly from ads, the company is still facing major losses—$1.4 billion, to be exact. They’re spending big on R&D ($1.9 bill

See More
17 replies41 likes
17

Download the medial app to read full posts, comements and news.