The untold story of Snapchat what make millionaires and a Ghost that Haunts Mark Zuckerberg part one
The birthday of the app Snapchat.
When the bad luck
stuck with Evan Spiegel. His business idea which is called Future Freshman had
failed, and his girlfriend of two years had just broken up with him. But
suddenly his friend Reggie came into his room with an idea. A way of sending
photos that disappear.
Evan was immediately
excited and said he thought it was a million-dollar idea. But he was wrong
that was a multi-billion-dollar idea. The driving force behind it was exactly
what you might expect. The guys wanted a way to send nudes without having a permanent
copy saved. They also figured girls would be more likely to send them photos if
the pictures disappeared afterward. However, as Evan thought about the idea
more, he realized its potential went far beyond that. Evan had always disliked
that on the internet everything felt permanent; every silly message you wrote,
every drunken picture, all of it was out there for good and could come back to
haunt you.
But a disappearing
photo app would allow people to share things more freely without any worry. So,
Evan and Reggie were eager to start this photo-sharing app together and agreed
to split everything in half. But then they realized neither of them could code
well enough to build the app, so they began trying to find someone to work
with.
Several people
turned them down, either because they were too busy or didn’t get the
point of the app. But eventually, Evan managed to convince a friend of his called
Bobby to help them, so he coded day and night to help build a working
prototype, which they originally named Picaboo. They sent it to some friends, who
used the app a surprising high amount, proving the app had potential.
Soon afterward,
Stanford had an event where students could pitch their business ideas to investors, so Evan presented their new app. However, none of the investors were remotely
interested. An app where the photos don’t save?
If anything it felt
like a step backward, and certainly not something they wanted to invest money into.
Little did the investors know they’d just missed an opportunity to make billions
of dollars. Meanwhile, the Stanford teaching assistant who had organized the
event was horrified, and pulled Evan aside to ask him: ‘Have you created a
sexting app?
And to make things
worse, Evan then received a cease and desist letter from a phone book company that
already had the name Picaboo. So they had to come up with a new name. They
decided on Snapchat, a combination of snapping a photo and chatting with
friends. But it’s fair to say it had been a rough start for the company. The
only real users they had were their friends, and nobody wanted to invest. At
that moment, it was almost impossible to imagine that in less than 2 years,
Facebook would try to buy their app for 3 billion dollars…
Click here to read more about this multi-billion dollar company. The three co-founders become two.
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