Skip to content
Customer Service (CS) -

Founder's Report

The Billion-Dollar Friendship: The Story of Snapchat's Founders Evan Spiegel and Bobby Murphy 

by Editorial Staff 24 Feb 2023

The Founders of Snapchat: Evan and Bobby

When you think of social media platforms, you probably think of the usual suspects: Facebook, Instagram, Twitter, maybe TikTok. But there's another app that's taken the world by storm, especially among younger generations: Snapchat. And the story of its founders, Evan Spiegel and Bobby Murphy, is just as fascinating as the app itself.

Let's start with Evan Spiegel. Born in 1990 in Los Angeles, Spiegel was always interested in technology and entrepreneurship. In fact, he founded his first company while he was still in high school - a software company that aimed to help students with their homework. After graduating, he went on to study product design at Stanford University, where he met Bobby Murphy.

Murphy, also born in 1990, grew up in Berkeley, California. Like Spiegel, he was interested in technology from a young age, but his background was a bit different - his parents were immigrants from the Philippines, and he was the first person in his family to attend college. He studied math and computational science at Stanford, where he met Spiegel and the two became fast friends.

A Split Before the Success

After graduation, Spiegel and Murphy both worked at different tech companies - Spiegel at Intuit, and Murphy at a gaming company called Redwood City. But they kept in touch, and in 2011, they decided to start their own company together. Their first idea was a social networking site called Future Freshman, which aimed to connect high school students with college counselors. Unfortunately, the idea didn't take off.

But Spiegel and Murphy didn't give up. They continued to brainstorm, and eventually came up with the idea that would change their lives: Snapchat. The idea was simple, but brilliant: a messaging app that would allow users to send photos and videos that would disappear after a few seconds.

Snapchat: Only a Side Project of the Dynamic Duo

At first, Snapchat was just a side project for the duo. They were both still working full-time jobs, but they would work on the app during their evenings and weekends. They launched it in September 2011, and it quickly gained popularity on the Stanford campus. In 2012, they decided to drop everything and focus on Snapchat full-time.

Of course, they faced some challenges along the way. The concept of disappearing messages was met with skepticism by some, who worried that the app would be used for sexting and other inappropriate behavior. And even after the app gained popularity, Spiegel and Murphy struggled to monetize it. But they kept at it, and eventually found ways to make money through advertising and sponsored content.

Today, Snapchat is one of the most popular social media platforms in the world, with over 300 million active users. It's known for its unique features, like filters and lenses that can turn you into a dog or a dancing hot dog. But it's also become a platform for social activism, with features like Our Story that allow users to share news and events from around the world.

The Success that Came After

And Spiegel and Murphy have become two of the wealthiest people in the world. As of 2021, Spiegel's net worth was estimated at $12.1 billion, while Murphy's was $10.9 billion.

But despite their success, Spiegel and Murphy have remained relatively private. They don't give many interviews, and they rarely talk about their personal lives. In fact, they've been described as "reclusive billionaires."

Still, it's clear that their success is due in large part to their friendship and partnership. In an interview with Forbes, Spiegel said, "We complement each other in the sense that we have different strengths and weaknesses, and we're able to trust each other."

Are you struggling with your start-up company?

If you are struggling to make your own startup work, remember the story of Evan Spiegel and Bobby Murphy. They didn't achieve success overnight, and they faced plenty of obstacles along the way. But they didn't give up, and their persistence paid off.

They did it all while staying true to their vision and values. They wanted to create an app that would allow people to communicate in a more authentic and spontaneous way, without the pressure of likes and comments. And they've continued to prioritize user privacy and safety, even as other social media platforms have faced criticism for their handling of user data.

There's something inspiring about the story of two college friends who came up with a simple but innovative idea, and turned it into a billion-dollar company. And even though Spiegel and Murphy might be "reclusive billionaires," their impact on the tech industry and social media landscape is undeniable.

So the next time you're snapping a silly photo with a dog filter or sending a disappearing message to a friend, take a moment to appreciate the creativity and perseverance of the people behind the app. And who knows - maybe you'll be inspired to develop your own billion-dollar idea.

Hey there! I'm Chuck, the Editor-in-Chief at Local Threads. We’re on a mission to showcase founders of start-ups and help them shine and tell the world about themselves, their products, and their vision in life. We see value in the stories of big brands and their founders as well. Their success can be a source of inspiration to start-ups.
Prev Post
Next Post

Thanks for subscribing!

This email has been registered!

Shop the look

Choose Options

Local Threads
Be the first to receive exclusive updates, trends and VIP only discounts before anybody else!

Recently Viewed

Edit Option
Have Questions?
Back In Stock Notification
Compare ()
Product SKU Rating Description Collection Availability Product Type Other Details
this is just a warning
Login Close
Shopping Cart
0 items