And more importantly, he probably deserves some money. In deposition video obtained by Business Insider, Snapchat's co-creator and CEO Evan Spiegel discusses Reggie Brown, who helped create the app back in their Stanford days and was abruptly kicked out and left with nothing. But in Spiegel's own words, Brown was part of the multi-billion dollar sensation—and still won't get a cut.
It's hard to keep your wits about you when trying to generate revenue makes a startup worth less money in the eyes of Silicon Valley. But Snapchat's bonkers $4 billion valuation has driven one man, Roy Murdock, to seriously question his mental faculties in an essay entitled, "Am I Going Insane? Snapchat is Intrinsically Worthless."
The Brogrammer is a mostly mythological figure, a nine-headed scapegoat. But there are, of course, programmers who also happen to be massive bros. For instance, the dudes who founded mega-valuable Snapchat. When you call yourself a "certified bro" in an email to the opposite sex, then yes, you probably are. Let's read their emails and texts.
A source familiar with Snapchat's recent round of funding said that the teen sensation's two twenty-something cofounders, Evan Spiegel and Bobby Murphy, each received $10 million in secondary funding as individual shareholders. According to the source, that combined $20 million was on top of the $60 million Series B the company raised at an $800 million pre-money valuation.
