Snapchat might just be the best example of how your crazy ideas could make you, not millions, but billions. The entrepreneur and co-founder behind Snapchat, Evan Spiegal, is enjoying the recent attention his smartphone app is attracting. After rejecting Facebook’s $3 billion dollar offer to buy out the company, Snapchat stated that they would not accept any acquisitions or investments until early next year.
This app has become overwhelmingly popular amongst teens and people in their early 20s, and as a teenager myself; I know that I jump from one fad to the next with a snap of a finger. Although Snapchat projects that their numbers will improve in 2014, teenagers can jump off the bandwagon over night and be consumed by the next hottest thing in seconds. The longer Snapchat waits to sell, the higher the risk of losing out on the cash.
Pictures:
http://media.salon.com/2013/11/snapchat-ceo.jpeg-1280×960.jpg
http://socialmediatoday.com/sites/socialmediatoday.com/files/imagepicker/246411/snapchat.png
References: