23-Year-Old Entrepreneur Who Turned Down $3 Billion From Facebook!

For many entrepreneurs, the dream is to launch a kickass startup and then grow it into a powerhouse.

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That young entrepreneur is Evan Spiegel, the co-founder and chief executive of messaging service Snapchat. The mega-offer of $3 billion he is said to have turned down came from Facebook.

Below are the interesting details about the young man who just turned down billions of dollars for his startup:

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  • Spiegel was born in 1990. He was raised in a $2 million house in the Pacific Palisades neighborhood of Los Angeles.
  • Growing up, Spiegel and his two younger sisters attended a private prep school in Santa Monica, Calif., where they were “assisted by tutors, some of whom charged up to $250 an hour.”
  • Spiegel was into all things geek but wasn’t necessarily a geek himself. According to the report: “Yes, he was into computers as a kid, but he was just as proficient at snowboarding.”
  • In April 2007, Spiegel’s parents divorced.
  • By the time Spiegel hit high school he’d become an “expert party thrower,” and then was made social chair of his fraternity at Stanford.
  • At Stanford, his connections landed him opportunities to meet major players in tech, including Google chief executive Eric Schmidt and Chad Hurley, co-founder of YouTube. His mentor was Scott Cook, the cheif executive of Intuit.
  • The idea for the Snapchat was born from a conversation about sexting among his fraternity brothers.
  • Spiegel dropped out a few credits shy of graduation to work on Snapchat full-time.
  • Snapchat is headquartered in a bungalow on the Venice boardwalk.
  • Without much media attention in the early days, Snapchat relied on word-of-mouth among teenagers. In February 2012, the app had 40,000 users and was processing 60 million messages a day.

 

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