Snapchat CEO: Exact Formula Used To Build A $130 Billion Company! I Said No To $3 Billion From Mark Zuckerberg! It’s Time To Quit Your Job When You Feel This!

You became the world's youngest billionaire at the age of twenty five. You've got Mark Zuckerberg offering you three billion dollars. That was a a fateful day for sure. But we decided that we'd rather go to Lan. Was there ever a day where you doubted that decision? Evan Spiegel is the co-founder behind one of the world's biggest social media platforms, Snapchat. He turned disappearing messages into a multi-billion dollar empire, redefining how we connect online. Evan, you don't do many pop costs, do you? I don't do much public speaking at all, but I want to share a a bit more. So if let's go back to those early days. So I was an introvert growing up and I loved to build stuff at school, I ha build my own computer. And once you start realizing that things that look really complicated on the surface aren't that difficult, you start wondering, you know, what else you can build. So that led to building Snapchat at twenty one. I was an undergrad at Stanford and and we'd raised four hundred eighty five thousand dollars, sort of four point two five million dollar valuation. What a fucking deal. But back then there were a lot of apps that would get popular really, really quickly and then sort of fade away. And a lot of people told us that we shouldn't sell it. They said you're just sending photos back and forth. How is this gonna grow for the long term? The growth Snapchat was Atypical to say the least. It was like this virus and it was reaching seventy five million users on a monthly basis. So I wondered if you had any advice on the fundamental principles of success. How much people care about what they do than the ability to move.

quickly is the predictor of success. And at Snapchat we have a really small design team. It's nine people who are constantly generating an incredible number of ideas and products and features because 99% of ideas are not good, but one percent is. I wanna know what they teach at Stamphin, because the success rate of creating some of the world's preeminent entrepreneurs is really, really high. There were a lot of very good lessons. The first one is I wanna keep the Dire of a CEO free and not behind any kind of payable or subscription model forever. And the way that we do that is that you guys choose to follow and subscribe to this show. So if you're listening to the show right now, you might have been sent the episode, you might have listened to a couple before. Can you do me a favor? And if you do me this favor, I promise that I'm gonna fight every turn over the next 10 years to keep this show completely free without payable and without any kind of cost to the user. Can you hit the follow button?

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