Click and send, that’s the simplicity of snapchat. Snapchat was brought up a few times during lectures, so I figured I would do a blog post about snapchat. The takeaway that I got from this article relates closely with the entrepreneur class that we had when Cole (Sauder alumnus) came in as a guest speaker. He told us how he believed in his company even though he struggled early on; now he turned the corner and made it successful.
This story relates to his statement in a sense that Evan Spiegel, the 23 year old co-founder of snapchat believes that his company could be worth more that $3 billion. Snapchat is currently valued at $860 million, so Zuckerberg obviously sees something in this company as he values this company more than three times its net worth. Google in the other hand came up with a much better offer for snapchat, valuing the company at $4 billion dollars. This valuation is more than 4 times of the company’s current net worth. Nevertheless, being a true entrepreneur that he is, Spiegel declined the offer and claimed that his company could still grow and that’s what I admire the most about him; a true entrepreneurship spirit.
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