Snapchat Fast Company Inspires Young Entrepreneurs
Today this blog features Fast Company: SnapChat. Fast in the
sense that, SnapChat in less than Two years, becames a $860 Million Company.
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| Fast Company Snapchat Pic Credit Snapchat.com |
Quick View of Snapchat
- CEO: Evan Spiegel
- Category: Photo Sharing Application, Social Networking Theme
- Website: www.Snapchat.com
- Founded Year: 2011 September
The important Note is as usual (Like previous posts of
this blog), CEO of SnapChat is a 23 years old guy. J.J. Colao further writes,
"..SnapChat raised a $60 million Series B rounde led by Institutional
Venture Partners, With Participation from General Catalyst, Benchmark,
Lightspeed Ventures and SV Angel." So what is SnapChat and how did it
starts?. In this post today, I am going to write some interesting things about
Snapchat, and the purpose of this article is, to inspire new young
entrepreneurs, Who dream big.
Further writes, ...The round, which values the photosharing
company at $800 million pre-money, means that Snapchat is now an $860 million
company in the eyes of venture capitalists".
What is Snapchat?
Snapchat is photo sharing application, which runs on iPhone
and Android. Snapchat official claims that, using this application, users can
send up to 10 time faster than usual MMS.
Special Features of SnapChat
Important features of SnapChat than usual photo sharing
applications, users of SnapChat can set time limit for how long recipients can
view their photos (time limit up to 10 seconds), and then automatically, photos
will be disappeared from the recipient's device and also from the servers of
Snapchat. That’s the reasons, why users are sending their more private pictures
compare to other photo sharing tools. But Controversy: the Electronic Privacy
Information Center filed a complaint against Snapchat, saying actually pictures
can still be retrieved so, the company deceived its customers by leading them
to believe that pictures are destroyed within time limit. Source: wikipedia.
Anyway, this different idea of photo sharing, makes Evan
Spiegel and his company SnapChat a company of $860 million valuation, within 2
years of its formations.
According to techCrunch, over 20 million and more photos
shared per day, using SnapChat applications.
History of SnapChat
Well, again history of Snapchat is very interesting, like
many successful tech companies, Evan Spiegel and his friends, launched SnapChat
from Spiegel's father's living room in September 2011. And now their different
idea on photo sharing tool makes them, owners of a company with $860 million
valuation in less than 2 years.
Hope
this story inspired you, and gives some effort to stick in your goal.Related Post:
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